Treasury Finance - Senior Business Finance Control P&L Associate
Bank of America
Location: Charlotte, North Carolina
Internal Number: 21046635
Treasury Business Finance Control (BFC) is responsible for ensuring the accuracy and completeness of Treasury activity in sub-ledger and its representation in the general ledger. Coordination and communication with Front Office, Finance (PC, BFO, FP&A), GFC, Trade Control, Operations and Technology is required to create and maintain matrices, schemas and additional mapping tools to support daily transaction and activity.
Utilizes thorough knowledge and understanding of product and trade life cycle flow. Responsible for end to end daily P&L and B/S production processes. Performs ledger closing of books during month end, posts journal entries, prepares and may review SOR/sub-ledger reconciliations. Coordinates and resolves any system discrepancies. Builds and enhances process controls as per standards and supports project execution.
The ideal candidate will be highly analytical, a strong self-starter, be very comfortable working independently and taking initiative, maintain close attention to detail, be fundamentally inquisitive and want to understand the reasons behind a process, be comfortable working in a fast-paced environment, and capable of handling multiple high-profile priorities within tight deadlines.
Ensuring daily activity booked in the system is represented correctly in the SubLedger and Treasury data warehouse
Interacting with Front Office, Legal Entity Controllers, Finance, Credit Risk, Legal, Operations and Technology
Managing month-end and quarter-end close
Required Skills and Experience:
Degree required in Accounting, Finance or Business - or related work experience
5+ years experience working with financial products (Securities, Derivatives, etc.)
Broad and general understanding of trade attributes and life cycle events
Strong communication skills
Ability to review/challenge and improve existing processes
Strong risk assessment, negotiation and problem resolution skills
Must have ability to apply strategic thinking to multiple complex organizational and business issues, ability to translate in to practical plans for execution.
Strong ability working with Excel and other MS Office products
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.