Vice President - BFC Product Lead

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!

Job Description:

The Vice President - BFC Product Lead is responsible for leading associates in Hong Kong FICC team, performing the Business Finance and Control function for the APAC Non-Linear Structured Rates business.

Key responsibilities:

Performance and supervision of BFC core functions including but not limited to:

• Valuation Control including application of technical Independent Price Verification and Valuation Adjustment techniques, requiring an understanding of complex interest rate derivatives.

• New transaction review and substantiation for new structured payoffs.

• P&L & Balance Sheet controls and analysis.

• Oversight of month-end closing, financial disclosure reporting.

• Project engagement to drive operational excellence.

• Value-added business support including analysis and management of scarce resources.

Skills/experience in order of importance:

• Good understanding of Fixed Income, FX and Rates Products.

• Valuation experience of complex swaps and options.

• Control focused, analytical, team oriented, attention to detail.

• Strong communication skills both verbal and written.

• Advanced Excel skills with ability to streamline/eliminate spreadsheet usage.

• Experience of leading small teams.

• Good working knowledge of accounting concepts.