Senior Finance Associate

FalconX•Published 11 hours ago•First seen 11 hours ago

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and  cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever- evolving cryptocurrency landscape.

About the Role

We're looking for a hands-on Chartered Accountant with strong derivatives experience to run day-to-day accounting, product control, and financial reporting for our U.S. NFA/CFTC-regulated swap dealer and our international subsidiaries.

You'll work across both Product Control and Legal Entity Control. Your work will include daily derivative MTM and P&L, balance sheet close, and statutory reporting. You'll work closely with the Finance Manager, Front-Office Trading Desks, and Trade Operations, and help automate our processes in NetSuite.

What You'll Do

Entity Accounting & Financial Close

Run monthly, quarterly, and annual close tasks under US GAAP and IFRS for the U.S. swap dealer entity and operating subsidiaries. This covers 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. Disclosures include 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.

Product Control & Derivatives Accounting

Run daily mark-to-market (MTM) and P&L for OTC and exchange-traded derivatives. Products include 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.

Audit, Controls & Regulatory Support

Act as a day-to-day contact for Big 4 external auditors. Prepare PBC (provided-by-client) 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.

Process Improvement & Team Support

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 Bring

Must-Have

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
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, for a 3-day in-office hybrid schedule.

Good-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.

How You Work

Detail-oriented and reliable, with strong analysis and problem-solving skills.
Clear communicator who can explain P&L and accounting positions to Traders, Operations, and auditors.
Keen to grow into a Manager role and to learn about digital assets and derivatives.

Notice at Collection and Privacy Policy

Applicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy here.

Inclusivity Statement

FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!

As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.

FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at recruiting@falconx.io, if you need assistance with participating in the application process.