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Team / Overview
CFD and Structured Notes (CFD) is a market making desk for BAC credit risk via structured notes issued by the company. A structured note is a debt obligation with a pay-off linked to a derivatives instrument, eg rates or equity. CFD issues notes linked to a number of asset classes including commodities, credit, FX, rates and equity
The CFD Business Finance and Controls (BFC) team are focused on controls. The primary responsibility of the team is to run a series of key controls and ensure the integrity of the financial results. Getting the numbers right is the primary focus of the team.
Oversight of the Daily P&L explain and attribution
Daily P&L substantiation and commentary
Daily Balance Sheet review and commentary
Monthly close of the legal books and records
Monthly Volcker review
Monthly Independent Price testing
Stress Testing and Forecasting
Annual SOX reviews
Required Skills include:
Bachelor Degree (Accounting or Finance preferred) - or related work experience
2-4 years Financial Markets experience
Working knowledge of Excel
Strong communication skills
Strong problem solving skills
Shift:1st shift (United States of America)
Hours Per Week:40
Learn more about this role