Financial Controller - Digital Assets

At Ripple, we’re building a world where value moves like information does today. It’s big, it’s bold, and we’re already doing it. Through our crypto solutions for financial institutions, businesses, governments and developers, we are improving the global financial system and creating greater economic fairness and opportunity for more people, in more places around the world. And we get to do the best work of our career and grow our skills surrounded by colleagues who have our backs. 

If you’re ready to see your impact and unlock incredible career growth opportunities, join us, and build real world value.

THE WORK:

The Financial Controller acts as the senior accounting officer in charge of financial reporting, general ledger accuracy, and control measures across Hidden Road's OTC operating entity and its BVI offshore entities. This position is not responsible for FCM or broker-dealer regulatory capital reporting. Instead, it concentrates on sub-consolidated and entity-level financial statements, intercompany accounting, management reporting, and governance frameworks to support a complex multi-jurisdictional corporate structure. 

The Controller will work closely with the CFO, Legal, and Tax teams to ensure the group's offshore entities are accurately accounted for. They will also ensure intercompany transactions are recorded correctly and eliminated. Additionally, they will help the firm's financial reporting systems grow with the business. This role demands a skilled accountant experienced in financial services, knowledgeable about offshore holding structures, and able to handle accounting challenges in a fast-growing digital asset company. 

WHAT YOU’LL DO:

Financial Reporting and General Ledger

• Handle the monthly, quarterly, and annual financial close process for the OTC entity and all BVI entities, guaranteeing accuracy, completeness, and timeliness of results.
• Prepare and review entity-level, divisional reporting, and sub-consolidated financial statements in accordance with US GAAP, including accurate presentation of intercompany balances, investment in subsidiaries, and offshore entity results.
• Lead the general ledger and chart of accounts for all in-scope entities, guaranteeing consistent handling and suitable segregation of activity by legal entity.
• Handle revenue recognition within the OTC book, encompassing fee income, spread income on matched principal transactions, along with any performance or incentive allocations.
• Oversee accruals, prepayments, fixed asset accounting, and other balance sheet substantiation processes.

Intercompany and Consolidation Accounting

• Manage all intercompany transactions across the Hidden Road group, including service fee arrangements, funding flows, cost allocations, and intercompany loans.
• Design and implement intercompany accounting policies, ensuring transactions are properly documented, priced on arm's-length terms, and eliminated appropriately in consolidation.
• Coordinate with the regulated entity finance teams (FCM/BD) to ensure intercompany positions and flows are reconciled and consistently reported across the group.
• Prepare sub-consolidation workpapers and supporting schedules, including minority interest calculations and currency translation adjustments where applicable.
• Assist with transfer pricing documentation in collaboration with the Tax function.

BVI Entity Governance and Offshore Accounting

• Keep the books and records of Hidden Road's BVI holding and operating entities up to date, ensuring adherence to relevant accounting standards and local statutory requirements.
• Collaborate with offshore legal counsel, registered agents, and any local accounting service providers to fulfill statutory filing and governance obligations.
• Manage equity accounting for investments held through BVI structures, including capital contributions, distributions, and fair value assessments of underlying holdings.
• Monitor cash and funding positions within offshore entities, coordinating with Treasury on upstreaming, downstreaming, and cross-entity cash management.
• Assist with parental guarantee or support arrangements between BVI entities and regulated subsidiaries, making sure disclosure aligns with applicable accounting standards.

Accounting for Digital Assets

• Implement current GAAP guidelines for digital asset accounting. The role involves fair value measurement according to ASC 820 and the FASB's ASU 2023-08 framework for crypto asset holders.
• Maintain accounting policies for digital asset positions held by OTC and BVI entities, including recognition, measurement, impairment, and derecognition.
• Work alongside Custody and Operations to reconcile on-chain and of