Job Details

Job Description

Ford Motor Credit Company ("Ford Credit"), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company ("Ford Credit"), an indirect wholly owned subsidiary of Ford Motor Company ("Ford").

In this position...

If you have demonstrated accounting and finance experience, exceptional analytical skills, and a passion for making a real difference, consider taking on a role within our team. We look forward to you contributing your expertise.

The Accounting Officer - Reg W will ensure compliance with Regulation W, which governs transactions between a bank and its affiliates, by monitoring activities, identifying potential risks, conducting analysis, and implementing procedures to prevent violations related to affiliate relationships and transactions within allowed limits; this includes tasks like reviewing proposed transactions, calculating exposure levels, reporting compliance issues, and providing guidance to business lines on interpreting and adhering to Regulation W guidelines.

Responsibilities

What you'll do...

• Demonstrate an understanding of: 1) "covered" transactions under Regulation W, such as extending credit or purchasing assets, and 2) acceptable collateral from affiliates
• Demonstrate an understanding of market terms requirements under 23B of Reg W
• Actively review, prepare and analyze proposed transactions between the bank and its affiliates to identify potential violations of Regulation W limits and restrictions
• Calculate the aggregate amount of covered transactions with each affiliate to ensure compliance with the 10% and 20% exposure thresholds
• Identify and report attribution rule exposures under Reg W
• Monitor and report arms-length transactions under 23B of Reg W
• Prepare regular reports on affiliate transaction activity, including potential compliance issues, to senior management, the board of directors, and regulatory agencies
• Identify and assess potential Reg W risks associated with affiliate transactions
• Provide guidance to business lines on the interpretation of Regulation W limitations
• Provide auditors and bank examiners with assistance; gather necessary information and documents to support regulatory exams and audits
• Maintain knowledge of acceptable accounting practices and procedures
• Perform general related duties for the organization

Qualifications

You'll have...

• Bachelor's degree in accounting, or related field
• 5+ years of similar experience with Regulation W
• Knowledge of general financial accounting and cost accounting

Even better, you'll have...

• Excellent organizational skills and attention to detail
• Ability to work well independently as well as part of a cohesive, agile team
• Strong communication and decision-making skills

As part of the Ford Credit Bank family, you'll enjoy excellent compensation and a comprehensive benefits package that includes generous PTO, retirement, savings and stock investment plans, incentive compensation and much more. You'll also experience exciting opportunities for professional and personal growth and recognition.

If you have what it takes to help us redefine the future of mobility, we'd love to have you join us!
Candidates for positions with Ford Credit Bank must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire. Visa sponsorship is not available for this position.

We are an Equal Opportunity Employer committed to a culturally diverse workforce. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status.

This position is leadership level 6 and ranges from $112,680-212,760.

For more information on salary and benefits, click here:

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