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Officer, BFC P&L Analyst, FICC Business Finance Organization

Shanghai, , China

Job Description:

Your background:

  • Highly developed analytical skill
  • Good working knowledge of accounting concepts
  • Strong control focus and attention to details
  • Self-driven, proactive, ability to influence, ability to adapt and adjust to changes
  • Comfortable working in a fast paced environment
  • Strong communication both verbal and written
  • Strong Excel skills with ability to build and use spreadsheets
  • Over 2 years work experience, with market related products preferred
  • MBA, Chartered Accountant and/or CFA preferred
  • FICC products, P&L production and/or Valuation experience preferred

What you can expect

The Asia Pacific FICC Finance Group carries out the Business Finance and Control function in support of the Asia Pacific Region FICC business. The group is responsible for the financial representation of the business lines and any related US GAAP disclosure requirements. Core responsibilities of the team include P&L production, substantiation and analysis, Balance Sheet control, valuation control, new product reviews and financial advisory on Business strategy. Our vision is to be flawless at control, effective and efficient processors and credible business advisors. The business is constantly evolving and moving into new markets and products. Business Finance & Control plays a key role in enabling business activity in a robust controlled environment. You will be actively encouraged to develop close working relationships with Traders, Sales and Structuring teams as well as other key support partners such as Risk Managers, Entity Controllers, Accounting Policy, Operations, and Auditors.

What you will do

P&L Reporting/Analysis

  • P&L production, analysis and substantiation
  • Detailed analysis on significant P&L drivers e.g. market changes, new deals, book remarks, reserves etc.
  • P&L reporting including explanation for the variances between estimate and actual
  • Month-end financial ledger close, P&L and balance sheet

Balance Sheet Reporting

  • Analytical review on significant movements
  • Substantiate balances by accounts.
  • Analytical review on allocated/attributed balances and associated internal funding charge

Operational Effectiveness

  • Drive Operational Excellence. Process enhancement and automation
  • Front to back reconciliation and controls.

New Product Development

  • Involvement in New Product Review for business expansion / new products including involvement in the change initiatives that are required to support the new business.

Business Partnering

  • Be a value-adding financial advisor to business to support responsible growth
  • Assist with resource management including expense analysis, efficient capital management and return ratio analysis

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Job Band:

H6

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background:

  • Highly developed analytical skill
  • Good working knowledge of accounting concepts
  • Strong control focus and attention to details
  • Self-driven, proactive, ability to influence, ability to adapt and adjust to changes
  • Comfortable working in a fast paced environment
  • Strong communication both verbal and written
  • Strong Excel skills with ability to build and use spreadsheets
  • Over 2 years work experience, with market related products preferred
  • MBA, Chartered Accountant and/or CFA preferred
  • FICC products, P&L production and/or Valuation experience preferred

What you can expect

The Asia Pacific FICC Finance Group carries out the Business Finance and Control function in support of the Asia Pacific Region FICC business. The group is responsible for the financial representation of the business lines and any related US GAAP disclosure requirements. Core responsibilities of the team include P&L production, substantiation and analysis, Balance Sheet control, valuation control, new product reviews and financial advisory on Business strategy. Our vision is to be flawless at control, effective and efficient processors and credible business advisors. The business is constantly evolving and moving into new markets and products. Business Finance & Control plays a key role in enabling business activity in a robust controlled environment. You will be actively encouraged to develop close working relationships with Traders, Sales and Structuring teams as well as other key support partners such as Risk Managers, Entity Controllers, Accounting Policy, Operations, and Auditors.

What you will do

P&L Reporting/Analysis

  • P&L production, analysis and substantiation
  • Detailed analysis on significant P&L drivers e.g. market changes, new deals, book remarks, reserves etc.
  • P&L reporting including explanation for the variances between estimate and actual
  • Month-end financial ledger close, P&L and balance sheet

Balance Sheet Reporting

  • Analytical review on significant movements
  • Substantiate balances by accounts.
  • Analytical review on allocated/attributed balances and associated internal funding charge

Operational Effectiveness

  • Drive Operational Excellence. Process enhancement and automation
  • Front to back reconciliation and controls.

New Product Development

  • Involvement in New Product Review for business expansion / new products including involvement in the change initiatives that are required to support the new business.

Business Partnering

  • Be a value-adding financial advisor to business to support responsible growth
  • Assist with resource management including expense analysis, efficient capital management and return ratio analysis

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Learn more about this role

Full time

JR-21055820

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

William Xu

Referral Bonus:

0

Street Address

Primary Location:
8 Century Ave, Shanghai, 200120