CFO Business Finance and Controls Product Lead (Counterparty Portfolio Management)

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for overseeing all aspects of the Finance functions for the business and serving as a key contact for the front office and senior management. Key responsibilities include applying knowledge of product(s), processes, and inherent risks for a product, business or function to analyze Profit and Loss (P&L) reports and balance sheets and approve ledger journal entries. Job expectations include delegating tasks to team, and building influential relationships.

Responsibilities:

• Oversees and manages all aspects of the Finance functions for the business and serves as the key contact for the front office and senior management
• Drives and guides the development of strategic and annual planning and implementation, profitability analysis, forecasting, and financial reporting for a product or general ledger account type
• Approves balance sheets and Profit and Loss (P&L) reports and validates postings and balances for a product aligned to a Line of Business (LOB) using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies
• Leads a team that oversees a set of product(s) or general ledger account(s) and maintains financial responsibility, including accountability for accuracy of financial reporting for Profit and Loss (P&L) activities
• Builds relationships with the front office, Operations, and Technology and partners to define business finance processes and implement related technology solutions
• Leads various internal strategic initiatives and engagements including talent management and provides thought leadership to delegates

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Skills:

• Analytical Thinking
• Attention to Detail
• Business Analytics
• Financial Accounting
• Financial Management
• Data Quality Management
• Price Verification and Valuation
• Problem Solving
• Reporting
• Scenario Planning and Analysis
• Business Acumen
• Consulting
• Critical Thinking
• Influence
• Prioritization

Required Qualifications:

• Minimum 5 years of experience in product/ valuation controls

Desired Qualifications:

• Bachelors' degree in related field
• 10+ years of relevant experience preferred

Shift:

Hours Per Week: