Senior Finance Associate

Overview

Run day-to-day accounting, product control, and financial reporting for FalconX's U.S. NFA/CFTC-regulated swap dealer and international subsidiaries, working across Product Control and Legal Entity Control.

What you'll do

• Run monthly, quarterly, and annual close tasks under US GAAP and IFRS for the U.S. swap dealer entity and operating subsidiaries, including journal entries, accruals, intercompany eliminations, and balance sheet reconciliations.
• Prepare balance sheet schedules and first drafts of statutory financial statements and footnote disclosures for the Manager to review, including gross/net offsetting (ASC 210-20 / IFRS 7), fair value levels (ASC 820 / IFRS 13), and credit risk.
• Monitor and settle intercompany balances, and support transfer pricing calculations, including intercompany crypto and derivative positions.
• Run daily mark-to-market (MTM) and P&L for OTC and exchange-traded derivatives, including BTC/ETH options, systematic OTC trades, funded collars, total return swaps, interest rate swaps (IRS), and FX forwards.
• Produce daily P&L attribution, explain P&L movements to Trading Desks, and investigate breaks with Trade Operations.
• Support fair value leveling (Level 1–3), Expected Credit Loss (ECL) calculations, and margin and collateral reconciliations.
• Research and draft accounting assessments (ASC 815 / IFRS 9) for new products such as digital asset lending, borrowing, staking, and principal market-making.
• Act as a day-to-day contact for Big 4 external auditors, prepare PBC schedules, answer audit queries, and build historical workpapers.
• Carry out legacy balance sheet cleanups and help draft technical GAAP position memos.
• Run and document key controls under SOX 404 / ICFR, and keep Risk Control Matrices (RCMs) and SOPs up to date.
• Provide financial data for regulatory and capital reporting under NFA, CFTC, and SEC rules and other global regimes, working with Compliance.
• Find manual spreadsheet workflows that can be automated and help move them into NetSuite reporting.
• Mentor and review the work of 1–2 junior associates or analysts.

What you'll need

• Qualified Chartered Accountant (ICAI).
• 5-8 years of experience in Product Control or Legal Entity Control at a Tier-1 investment bank (e.g., Goldman Sachs, Barclays, StanChart, BofA, Morgan Stanley), or in Big 4 Capital Markets / Financial Services audit or advisory.
• Hands-on derivatives experience: daily MTM, P&L attribution, fair value measurement, and margin and collateral for OTC and/or exchange-traded derivatives.
• Experience preparing balance sheet reconciliations, close schedules, and statutory disclosure schedules.
• Strong working knowledge of US GAAP and IFRS, especially derivatives (ASC 815 / IFRS 9), fair value (ASC 820 / IFRS 13), and offsetting and disclosures (ASC 210 / IFRS 7).
• Advanced MS Excel skills and hands-on ERP experience (NetSuite preferred, or Oracle or SAP).
• Based in Bengaluru, or willing to relocate.

Nice to have

• CPA, ACCA, or CFA (any level).
• Exposure to crypto or digital asset accounting (ASC 350-60, IAS 38 / IAS 2) or crypto derivatives (perpetuals, funding rates).
• Experience with SOX/ICFR controls.
• Familiarity with crypto accounting tools (e.g., Bitwave, SoftLedger, Ledgible) or blockchain explorers.

Details

• Location: Bengaluru, Karnataka, India.
• Work mode: 3-day in-office hybrid schedule.