Central Funding Desk - BFC Product Associate

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.  Join us!

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.

Responsibilities include:

• 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

• Quarterly Disclosures

• 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:

Hours Per Week: