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An Overview of Accounting Careers Within Financial Services Firms Presented by Egyirba Walker-Arthur, Accounting/Finance Program Manager Sponsors for Educational.

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Presentation on theme: "An Overview of Accounting Careers Within Financial Services Firms Presented by Egyirba Walker-Arthur, Accounting/Finance Program Manager Sponsors for Educational."— Presentation transcript:

1 An Overview of Accounting Careers Within Financial Services Firms Presented by Egyirba Walker-Arthur, Accounting/Finance Program Manager Sponsors for Educational Opportunity

2 Purpose of the Accounting Department at an I-Bank Enhance the company's competitive leadership position and strategic flexibility and to ensure the accuracy of critical financial information Responsibilities Include: Market and credit risk management Treasury Financial and regulatory reporting and controls Corporate and strategic planning Internal audit Tax policy Regulatory supervision on a global basis.

3 Accounting Departments at I- Banks Business Unit Finance Controllers Division Corporate Tax Corporate Treasury Internal Audit Risk Monitoring

4 Business Unit Finance Opportunity to merge your other business interests with accounting by working with Business Units like Human Resources, Marketing, etc. Controllers Division Great department if SEC and other regulatory reporting interests you – be on the frontline of interaction with investors. Corporate Tax If you like having input into creative tax strategies and reporting, tax may be the best fit for you. Accounting Departments at I- Banks

5 Corporate Treasury Be involved in the cash transaction and the actual movement of money to and from the firm Internal Audit A chance to travel and interact with business unit management all over the firm Risk Monitoring A role that is constantly redefined with the proliferation of new credit and equity products in the market every day Accounting Departments at I- Banks

6 Why Work in Accounting at an Investment Bank? Learn the business of running an I-Bank Help execute strategic goals, drive disciplined growth, and enhance operational efficiencies Opportunity to gain a broad and deep knowledge of various areas of a bank Several banks offer rotational programs

7 Accounting Partner Firms Internship opportunities are located throughout NYC and New Jersey

8 Internship Program Requirements Minimum cumulative G.P.A of 3.0 Minimum of three accounting courses is required with a grade of B or better in each by the time the summer begins Broad knowledge of the finance industry is highly desirable Excellent quantitative and analytical skills This program is primarily open to junior finance/accounting majors. Seniors who will have one semester to complete at the time of the internship may be considered. Graduating seniors and sophomores are not eligible for this program.

9 How to Prepare Recommended Coursework: At your College/University: Introduction to Accounting Financial Accounting Managerial Accounting Cost Accounting Introduction to Finance Zoologic: The Balance Sheet The Income Statement Cash Flow Statement Income Statement Analysis Ratio Analysis

10 How to Prepare (cont) Recommended Reading: Online Periodicals/Industry Resources: Wall Street Journal (online.wsj.com) CFO Magazine (cfo.com) Financial Accounting Standards Board (fasb.org) Webcast Series Great resource to look up Accounting Standards Vault Guide: Career Guide to Accounting Guide to Finance Interviews

11 Questions? Please email me! Egyirba Walker-Arthur ewarthur@seo-usa.org


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