Equities Business Finance and Control Analyst - NYC
Bank of America
Location: New York, New York
Internal Number: 21057308
The US Equity Execution Services Finance team in New York supports the Cash Equities Trading Business. This business serves our institutional clients by offering industry-leading common stock trading that spans the spectrum of premier high-touch to hi-tech low- and no-touch execution services as well as primary activities such as IPO and add-ons.
You will be expected to work within the Equities finance team as well as the broader Bank of America CFO teams in the US and in the regions as well as collaborate with the desk and other business partners. The key functions of this role is to review and communicate financial metrics such as daily P&L and balance sheet analysis, ensure financial controls and sign offs of the legal books and regulatory reports, and to be the main point of contact for further analysis such as forecast, stress testing, audit, etc. There is a focus on working with the desk to deliver solutions in line with the long term strategic goals of the bank. An emphasis will be placed on finance and accounting knowledge as it relates to the financial services industry. More detailed characteristics you will be expected to display are described below.
* Daily P&L & Balance Sheet Oversight
* Forecast and trending analysis and commentary.
* Equities price testing.
* Production and/or review of official daily P&L explain and its provision for VaR backtesting
* Responsibility for daily management adjustments to P&L
* Daily P&L reporting to local and regional management
* Review of material variances and new deals
* Review and approval of changes to systems and processes.
* Appropriately manages and mitigates operational risk
Bachelor Degree in Accounting/Finance/Economics
Financial analytics experience
Intermediate experience/skills with Excel and complex spreadsheets
Candidate must be able to work both independently and as team member
Strong communication and presentation skills
Strong problem solving and analytical abilities (Excel/Essbase)
Candidate for CPA/CFA exam or other advanced certification preferred.
2-4 years of accounting or financial services product control
Experience with Financial tools such as Bloomberg, or Oracle/Hyperion/Essbase/SAP, or Alteryx/Tableau, etc.
Product experience (Financial services).
Understanding of the financial markets.
Experience with complex derivative price testing
Control focused, analytical, team oriented, comfortable with complex 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.