Sr Business Financial Control Product Associate-Global ...

Sr Business Financial Control Product Associate-Global Financing & Futures AMRS New York, New York 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: This job is responsible for leading business analysis for Global Financing & Futures AMRS Line of Business (LOB) by producing financial reports and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying knowledge and understanding of product(s), processes, and inherent risks of a product to analyze and substantiate Profit and Loss (P&L) and balance sheet as well as perform ad hoc investigation on reconciliation errors and data feed issues. How does this role fit in the organization: Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax. Global Banking and Markets Finance strives to be a valued business partner to the company's trading, corporate and institutional banking businesses. Our first priority is to operate a series of key control processes to ensure the integrity of GBAM's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people. Business Finance Officers/Control (BFO/BFC) Partners directly with our Front Office LOBs providing strategic guidance and insight; Performs the product control function to ensure the integrity of our financial results. Ideal Candidate: Associate in this role has an interest in understanding Global Financial Markets and market drivers of the product they are supporting. Associate has the curiosity to understand complex structured transactions and operational risks around the end-to-end product lifecycle. Associate is interested in preparing analysis, performing critical testing and calculations in support of LOB. Produces financial reporting and disclosures, assists in production of regulatory matters. Analyzes & substantiates P&L attributes and balance sheets, establishes infrastructure for new products, performs month end close and periodic analysis, and validates postings and balances. Interacts with Front Office and support groups. Responsibilities: Prepares and analyzes balance sheets and Profit and Loss (P&L) reports and validates postings and balances for a product aligned to the LOB using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies Supports the development of strategic and annual planning and implementation, performing profitability analysis, forecasting, and financial reporting for a product or general ledger account type 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 Partners closely with the front office, Operations, and Technology to define business finance processes and implement related technology solutions Supports delivering, designing, maintaining, and enhancing Value at Risk Back-Testing (VBT) data and Management Information System (MIS) processes that may impact multiple product control businesses New transaction review and substantiation as part of the due diligence process Understanding of Front to Back reconciliation and control Independent price verification Valuation Adjustment and reserve calculations Management reporting (revenue and expense analysis) Ad hoc and value-added business support Month-end book close Financial disclosure reporting Valued and trusted business partner to functions including FO, IT, Risk, Operations and Compliance Required Qualifications: 5+ years financial industry /banking experience Strong financial analytics experience Advanced experience / skills with excel and complex spreadsheets Candidate must be able to work both independently and as a team member Strong communication and presentation skills Strong problem solving and analytics abilities Desired Qualifications: Bachelor's degree in Accounting/ Finance Skills: Analytical Thinking Attention to Detail Financial Accounting Financial Management Reporting Business Analytics Data Quality Management Financial Processing Price Verification and Valuation Scenario Planning and Analysis Business Acumen Critical Thinking Influence Prioritization Problem Solving Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540) Pay and benefits information Pay range $105,000.00 - $153,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "EEO is the Law" poster, CLICK HERE ( . To view the "EEO is the Law" Supplement, CLICK HERE ( . View the LA County Fair Chance Ordinance ( . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE . This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.

Created: 2024-11-16