Bank Accounting Policy
The senior policy accountants at the Office of the Comptroller of the Currency (OCC) develop and interpret generally accepted accounting principles for national banks and federal savings associations that represent a majority of the country's banking assets. These accountants meet with controllers and senior policy professionals of banks of all sizes, as well as senior partners and managers of the largest accounting firms. Senior policy accounting professionals teach courses at the OCC, make presentations at OCC and industry conferences, and interact with accountants and other regulators around the world.
Job responsibilities include:
- Formulating accounting policy and reporting standards for national banks and federal savings associations.
- Identifying solutions to complex accounting issues raised by bank examiners, banks, and accounting professionals.
- Coordinating policy development with the accounting standard-setters, including the Financial Accounting Standards Board, U.S. Securities and Exchange Commission, and other regulatory agencies.
- Developing international accounting standards and supervisory guidance through the OCC's representation on the Basel Committee on Banking Supervision and related working groups.
The OCC's Office of the Chief Accountant (OCA) employs Certified Public Accountants who generally have significant public accounting experience. The OCA has opportunities at offices in Chicago, Dallas, Denver, and New York. OCA accountants perform many of the same functions as senior policy accountants in identifying solutions to accounting issues raised by bank examiners and bankers.