Accounting Analyst, Liquidity & Collateral Portfolio

Department Description: The Treasury Finance Group is a division of CFO that is responsible for analysis of balance sheet performance metrics and trends, distribution of the firm’s cost of funding as well as analysis of collateral utilization.  The group works closely with Treasury and Business Management on setting guidelines and levels of balance sheet usage, including analysis on funding and competitor comparisons.  The group interacts with Treasury, Business Unit Finance and Business Management as well as Corporate Accounting.  In addition to balance sheet analysis, the group also oversees the firm's daily and month-end balance sheet process.Brief Description: Merrill Lynch seeks a qualified candidate for an Accounting Analyst in Liquidity & Collateral Portfolio within the Treasury Finance Group.  The position will be at the Assistant Vice President level.  Job Responsibilities: Provide financial control of Treasury’s $30 billion Liquidity & Collateral Portfolio of MBS, ABS and Agency securities hedged with interest rate swaps.  Use of the SUMMIT system to account for and control all assets and swap positions, and Oracle general ledger to account for the legal books.  The role will work closely with Treasury front office personnel (traders), Treasury debt administration (operations), Treasury finance groups, Accounting Policy, and senior managers.  Responsibilities include: Daily P/L reporting, p/l explain, cash reconciliations, transactional analysis and funding estimates.  Legal accounting including preparation, reconciliation and analysis of financial statements, origination of all manual entries and development of  automated accounting to be generated from SUMMIT system. External and regulatory reporting associated with the portfolio including FAS 115. Assignment will require the eventual understanding of AFS accounting and FAS133.  Qualifications:3-5 yrs experience in business unit finance role. Bachelor’s degree in Accounting or Finance. Strong accounting knowledge and analytical abilities. Familiarity with Available for Sale accounting and MBS products preferred, but not required. Experience in a financial control function is ideal.  Strong PC skills in areas of Access, Excel, Outlook, Word, etc. Articulate and self motivated. Knowledge of SUMMIT system a plus.Merrill Lynch is an Equal Opportunity Employer. The Firm and its affiliates do not discriminate in employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or because of any other criteria prohibited under controlling federal, state or local law. Please register and apply using this link : Merrill Lynch Careers Company Description: Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies, with offices in 38 countries and territories and total client assets of almost $2.0 trillion.Merrill Lynch offers a broad range of services to private clients, small businesses, and institutions and corporations, organizing its activities into two interrelated business segments - Global Markets & Investment Banking and Global Wealth Management, which is comprised of Global Private Client and Global Investment Management. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes and serves as a strategic advisor to corporations, governments, institutions and individuals worldwide.Merrill Lynch owns approximately half of BlackRock, one of the world's largest publicly traded investment management companies, with more than $1 trillion in assets under management.We're growing our business by helping clients grow theirs.Our client relationships are among our greatest competitive assets. We deepen and enrich these relationships through disciplined growth, innovation, and seamless execution.