ALM Accounting Specialist - Fixed Income - Executive Director
Morgan Stanley, New York, NY, United States
Asset & Liability Management (ALM) Accounting Specialist
The Asset & Liability Management (ALM) Accounting Specialist is a senior technical role within the Fixed Income Division (FID), embedded in the Global Asset & Liability Management (ALM) team. The individual will lead our US accounting and technical delivery for US corporate clients, providing deep expertise across interest rates, foreign exchange, and associated derivatives used in corporate risk management and structured hedging solutions. Working alongside the front office Corporate Derivatives Group (CDG) team, the role acts as the bridge between trading/origination and external accounting frameworks. The objective is to ensure that complex derivative solutions are structured, executed, and reported in a way that is commercially effective, risk-appropriate, and accounting-sound under US GAAP (and other frameworks as relevant). This role is suited for an ED-level professional with significant derivatives accounting expertise who can engage credibly with front office stakeholders, Finance leadership, and external auditors. Key responsibilities include: Front Office Accounting Advisory Serve as the primary US accounting subject matter expert working with CDG and broader US sales coverage on client transactions involving derivatives, structured hedging, and complex financing-linked trades. Provide real-time accounting input during deal structuring, identifying P&L, balance sheet, hedge accounting, and disclosure implications under US GAAP ASC 815 and related standards. Partner with CDG originators, structurers, and traders to align commercial outcomes with the appropriate accounting treatment. Derivatives & Hedge Accounting Expertise Advise on the accounting treatment of interest rate, FX, and cross-currency derivatives under US GAAP (and IFRS where relevant). Assess hedge designations, effectiveness requirements, documentation, and ongoing testing considerations for client and firm-side hedges. Support interpretation of complex scenarios including deal-contingent hedges, portfolio restructures, cross-currency programs, novations, and unwind activity. Transaction Support & Governance Participate in internal transaction and new product reviews, ensuring accounting considerations are fully reflected in deal approval and documentation. Liaise with Product Control, Financial Reporting, Legal, Risk, and Credit to ensure consistent treatment across execution, booking, and reporting. Content Development & Training Develop US GAAPfocused accounting guidance, frameworks, and decision tools for CDG and broader FID stakeholders. Deliver targeted training to CDG teams on derivatives accounting, hedge accounting, and emerging technical standards. Serve as a go-to resource for team members on accounting issues impacting deal viability, structuring decisions, or execution timing. Strategic & Leadership Contribution Identify accounting areas that constrain commercial activity and work with CDG and Finance stakeholders to develop scalable solutions. Contribute to firmwide discussions on derivatives accounting policy as it relates to structured client solutions across ISG. Function as a visible leader across CDG and Finance, helping set standards for technical rigor, governance discipline, and judgment quality. Candidate requirements include: Bachelor's degree required; MBA, CPA, and/or CFA designation is an asset Significant experience in derivatives accounting, product control, technical accounting, or financial reporting, with direct exposure to Rates and/or FX derivatives Strong understanding of hedge accounting concepts and practical application to real-world transactions Proven ability to engage with front-office professionals and influence deal structuring decisions Experience interacting with auditors, regulators, and senior Finance stakeholders Comfortable operating independently on complex issues while collaborating across multiple control and business functions Series licensing or must obtain Expected base pay rates for the role will be between $225,000 and $300,000 per year commencement of employment for Executive Director. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
The Asset & Liability Management (ALM) Accounting Specialist is a senior technical role within the Fixed Income Division (FID), embedded in the Global Asset & Liability Management (ALM) team. The individual will lead our US accounting and technical delivery for US corporate clients, providing deep expertise across interest rates, foreign exchange, and associated derivatives used in corporate risk management and structured hedging solutions. Working alongside the front office Corporate Derivatives Group (CDG) team, the role acts as the bridge between trading/origination and external accounting frameworks. The objective is to ensure that complex derivative solutions are structured, executed, and reported in a way that is commercially effective, risk-appropriate, and accounting-sound under US GAAP (and other frameworks as relevant). This role is suited for an ED-level professional with significant derivatives accounting expertise who can engage credibly with front office stakeholders, Finance leadership, and external auditors. Key responsibilities include: Front Office Accounting Advisory Serve as the primary US accounting subject matter expert working with CDG and broader US sales coverage on client transactions involving derivatives, structured hedging, and complex financing-linked trades. Provide real-time accounting input during deal structuring, identifying P&L, balance sheet, hedge accounting, and disclosure implications under US GAAP ASC 815 and related standards. Partner with CDG originators, structurers, and traders to align commercial outcomes with the appropriate accounting treatment. Derivatives & Hedge Accounting Expertise Advise on the accounting treatment of interest rate, FX, and cross-currency derivatives under US GAAP (and IFRS where relevant). Assess hedge designations, effectiveness requirements, documentation, and ongoing testing considerations for client and firm-side hedges. Support interpretation of complex scenarios including deal-contingent hedges, portfolio restructures, cross-currency programs, novations, and unwind activity. Transaction Support & Governance Participate in internal transaction and new product reviews, ensuring accounting considerations are fully reflected in deal approval and documentation. Liaise with Product Control, Financial Reporting, Legal, Risk, and Credit to ensure consistent treatment across execution, booking, and reporting. Content Development & Training Develop US GAAPfocused accounting guidance, frameworks, and decision tools for CDG and broader FID stakeholders. Deliver targeted training to CDG teams on derivatives accounting, hedge accounting, and emerging technical standards. Serve as a go-to resource for team members on accounting issues impacting deal viability, structuring decisions, or execution timing. Strategic & Leadership Contribution Identify accounting areas that constrain commercial activity and work with CDG and Finance stakeholders to develop scalable solutions. Contribute to firmwide discussions on derivatives accounting policy as it relates to structured client solutions across ISG. Function as a visible leader across CDG and Finance, helping set standards for technical rigor, governance discipline, and judgment quality. Candidate requirements include: Bachelor's degree required; MBA, CPA, and/or CFA designation is an asset Significant experience in derivatives accounting, product control, technical accounting, or financial reporting, with direct exposure to Rates and/or FX derivatives Strong understanding of hedge accounting concepts and practical application to real-world transactions Proven ability to engage with front-office professionals and influence deal structuring decisions Experience interacting with auditors, regulators, and senior Finance stakeholders Comfortable operating independently on complex issues while collaborating across multiple control and business functions Series licensing or must obtain Expected base pay rates for the role will be between $225,000 and $300,000 per year commencement of employment for Executive Director. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.