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Business Finance & Control Product Associate-Chief Financial Officer- Global Banking & Markets- Global Financing & Futures AMRS

New York, New York

Job Description:

At Bank of America we’re a culture that:

• Believes in responsible growth and has a proven dedication to supporting the communities we serve.
• Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.
• Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.
• Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax

Global Banking and Markets Finance strives to be a valued business partner to the company's trading, corporate and institutional banking businesses. Our first priority is to operate a series of key control processes to ensure the integrity of GBAM's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people.

Business Finance Officers/Control (BFO/BFC) Partners directly with our Front Office LOBs providing strategic guidance and insight; Performs the product control function to ensure the integrity of our financial results.

Team / Overview:

Regional Line Of Business support for Global Financing & Futures AMRS. Responsible for balance sheet, general ledger, and /or product control specific to a defined area or defined processes. Understands the market and market drivers of the product they are supporting. Understands more complex structured transactions and operational risks around the end to end product lifecycle.

With demonstrated success, you’ll have the opportunity to advance in the BFC Product Role, with opportunities available at the Sr. Associate, Lead, and Sr. Lead level, to promote career advancement within the GBAM Finance organization.

Job Summary:

Utilizes thorough knowledge and understanding of product, process and inherent risk. Responsible for preparing analysis and performing critical testing and calculations in support of Sub-LOB. Produces financial reporting and disclosures, assists in production of regulatory matters analysis including CCAR and RRP. Analyzes & substantiates P&L attributes and balance sheets, establishes infrastructure for new products, performs month end close and periodic analysis, and validates postings and balances. Interacts with Front Office and support groups

Responsibilities:

  • P&L review and oversight
  • New transaction review and substantiation as part of the due diligence process
  • Understanding of Front to Back reconciliation and control
  • Independent price verification
  • Valuation Adjustment and reserve calculations
  • Management reporting *revenue and expense analysis)
  • Ad hoc and value added business support
  • Month-end book close
  • Balance Sheet control
  • Financial disclosure reporting
  • Management of scarce resource
  • Valued and trusted business partner to functions including FO, IT, Risk, Operations and Compliance

Required Skills:

  • Bachelor degree required - Accounting / Finance preferred
  • 1-4 years financial industry / banking experience
  • Strong financial analytics experience
  • Advanced experience / skills with excel and complex spreadsheets
  • Candidate must be able to work both independently and as a team member
  • Strong communication and presentation skills
  • Strong problem solving and analytics abilities

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

2000

Job Description:

At Bank of America we’re a culture that:

• Believes in responsible growth and has a proven dedication to supporting the communities we serve.
• Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.
• Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.
• Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax

Global Banking and Markets Finance strives to be a valued business partner to the company's trading, corporate and institutional banking businesses. Our first priority is to operate a series of key control processes to ensure the integrity of GBAM's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people.

Business Finance Officers/Control (BFO/BFC) Partners directly with our Front Office LOBs providing strategic guidance and insight; Performs the product control function to ensure the integrity of our financial results.

Team / Overview:

Regional Line Of Business support for Global Financing & Futures AMRS. Responsible for balance sheet, general ledger, and /or product control specific to a defined area or defined processes. Understands the market and market drivers of the product they are supporting. Understands more complex structured transactions and operational risks around the end to end product lifecycle.

With demonstrated success, you’ll have the opportunity to advance in the BFC Product Role, with opportunities available at the Sr. Associate, Lead, and Sr. Lead level, to promote career advancement within the GBAM Finance organization.

Job Summary:

Utilizes thorough knowledge and understanding of product, process and inherent risk. Responsible for preparing analysis and performing critical testing and calculations in support of Sub-LOB. Produces financial reporting and disclosures, assists in production of regulatory matters analysis including CCAR and RRP. Analyzes & substantiates P&L attributes and balance sheets, establishes infrastructure for new products, performs month end close and periodic analysis, and validates postings and balances. Interacts with Front Office and support groups

Responsibilities:

  • P&L review and oversight
  • New transaction review and substantiation as part of the due diligence process
  • Understanding of Front to Back reconciliation and control
  • Independent price verification
  • Valuation Adjustment and reserve calculations
  • Management reporting *revenue and expense analysis)
  • Ad hoc and value added business support
  • Month-end book close
  • Balance Sheet control
  • Financial disclosure reporting
  • Management of scarce resource
  • Valued and trusted business partner to functions including FO, IT, Risk, Operations and Compliance

Required Skills:

  • Bachelor degree required - Accounting / Finance preferred
  • 1-4 years financial industry / banking experience
  • Strong financial analytics experience
  • Advanced experience / skills with excel and complex spreadsheets
  • Candidate must be able to work both independently and as a team member
  • Strong communication and presentation skills
  • Strong problem solving and analytics abilities

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21050799

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jeannie Jones-Pickering

Referral Bonus:

2000

Street Address

Primary Location:
250 VESEY ST, NY, New York, 10281