Senior Derivative Accountant
At a glance
Senior Accounting role at Ripple. Chicago · full-time · $144,000–$175,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Handle derivative accounting across client portfolios, from hedge setup through testing, entries and financial disclosures
- Build and review hedge designations, risk objectives and supporting records under ASC 815 and IFRS 9
- Assess hedge effectiveness using regression, dollar-offset or hypothetical derivative methods, both prospectively and retrospectively
- Advise clients on hedge elections, hedge types and de-designation, and explain accounting deliverables
- Summarize new FASB and IASB rules, support external audits and improve internal accounting guidance
What you bring
- At least five years working hands-on with derivatives and hedge accounting in public accounting, industry or consulting
- Strong command of ASC 815 and IFRS 9, including hedge choices and disclosure rules
- Experience measuring fair value under ASC 820 or IFRS 13, plus familiarity with derivative valuation methods
- You can manage concurrent client work to tight deadlines and explain complex accounting judgments clearly
Who this fits
This senior specialist role suits you if you can take client engagements from start to finish and work through complex derivative accounting. CPA certification is preferred, while an advanced accounting or finance degree is a plus. Chicago-based employees come into the office for at least ten days each month, with the specific days set by managers and teams. The stated annual base salary range is $144,000 to $175,000 for Illinois-based positions.
From the employer
At Ripple, we’re building a world where value moves like information does today. It’s big, it’s bold, and we’re already doing it. Through our crypto solutions for financial institutions, businesses, governments and developers, we are improving the global financial system and creating greater economic fairness and opportunity for more people, in more places around the world. And we get to do the best work of our career and grow our skills surrounded by colleagues who have our backs.
If you’re ready to see your impact and unlock incredible career growth opportunities, join us, and build real world value.
THE WORK:
As a Senior Derivative Accountant on the Ripple Treasury Managed Services team, you serve as the subject matter expert on derivative instruments and hedging relationships across a portfolio of clients. You own the full technical accounting lifecycle under both ASC 815 and IFRS 9: documentation, effectiveness testing, journal entries, and disclosures.
This is a hands-on role for a technical specialist who thrives with complexity, takes ownership of client engagements end-to-end, and communicates clearly with treasury and finance stakeholders at every level.
WHAT YOU’LL DO:
- Own end-to-end derivative accounting for interest rate swaps, cross-currency swaps, FX forwards, options, and commodity derivatives across multiple client portfolios.
- Prepare and review hedge documentation, designation memos, risk management objectives, and formal effectiveness testing under ASC 815 and IFRS 9.
- Execute quantitative and qualitative effectiveness assessments (regression analysis, dollar-offset, hypothetical derivative method) on both a prospective and retrospective basis.
- Prepare journal entries and financial statement disclosures related to hedging activities and answer client inquiries about our deliverables
- Apply critical judgment on hedge accounting elections, fair value hedges, cash flow hedges, net investment hedges, and de-designation scenarios.
- Translate new FASB and IASB guidance into clear, actionable impact summaries for clients and internal teams.
- Lead audit support — preparation of work product and direct engagement with external auditors on derivative and hedge accounting matters.
- Strengthen internal methodologies, templates, and technical guidance.
WHAT YOU'LL BRING:
- CPA preferred; advanced degree in Accounting or Finance a plus.
- 5+ years of hands-on experience with derivative instruments and hedge accounting — in public accounting, industry, or consulting environment.
- Deep technical fluency in ASC 815 and IFRS 9, including practical hedge accounting elections and disclosure requirements.
- Experience with fair value measurement (ASC 820 / IFRS 13) and familiarity with derivative valuation methodologies.
- Comfortable managing multiple client engagements simultaneously — precise, organized, and able to meet tight deadlines.
- Strong communicator: you make complex accounting conclusions accessible to non-technical audiences.
- Experience with hedge accounting platforms (Ripple Treasury, Chatham Financial, Reval, FIS Quantum, or similar) preferred.
For positions that will be based in IL, the annual salary range for this position is below. Actual salaries may vary based on numerous factors including, among other things, an individual applicant’s experience and qualifications for the position. This range does not include equity or additional compensation, such as bonuses or commissions.
IL Annual Base Salary Range$144,000—$175,000 USDWHO WE ARE:
Do Your Best Work
- The opportunity to build in a fast-paced start-up environment with experienced industry leaders
- A learning environment where you can dive deep into the latest technologies and make an impact. A professional development budget to support other modes of learning.
- Thrive in an environment where no matter what race, ethnicity, gender, origin, or culture they identify with, every employee is a respected, valued, and empowered part of the team.
- In-office collaboration for moments that matter is important to our culture, and we give managers and teams the flexibility to decide which 10+ days a month they come in.
- Bi-weekly all-company meeting - business updates and ask me anything style discussion with our Leadership Team
- We come together for moments that matter which include team offsites, team bonding activities, happy hours and more!
Take Control of Your Finances
- Competitive salary, bonuses, and equity
- Competitive benefits that cover physical and mental healthcare, retirement, family forming, and family support
- Employee giving match
- Mobile phone stipend
Take Care of Yourself
- R&R days so you can rest and recharge
- Generous wellness reimbursement and weekly onsite & virtual programming
- Generous vacation policy - work with your manager to take time off when you need it
- Industry-leading parental leave policies. Family planning benefits.
- Catered lunches, fully-stocked kitchens with premium snacks/beverages, and plenty of fun events
Benefits listed above are for full-time employees.
Ripple is an Equal Opportunity Employer. We’re committed to building a diverse and inclusive team. We do not discriminate against qualified employees or applicants because of race, color, religion, gender identity, sex, sexual identity, pregnancy, national origin, ancestry, citizenship, age, marital status, physical disability, mental disability, medical condition, military status, or any other characteristic protected by local law or ordinance.Please find our California, UK/EU, Singapore, DIFC, ADGM, Australia, and Switzerland Applicant Privacy Notice for reference.
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