Sr. Business Finance & Control Product Associate (Global Mortgages and Securitized Products)
Bank of America
Location: New York, New York
Internal Number: 21062824
The proposed Business Finance and Controller ("BFC") role will take a team lead position to support and supervise daily control functions within the Global Mortgages and Securitized Products (GMSP) Trading space. Product coverage will span across multiple Trading desks. Main responsibilities of the team lead can include the production and/or supervision of the following activities depending on business need: (1) Daily Balance Sheet analysis and commentary, P&L substantiation to market events, significant transaction review (2) Monthly close functions, processing of journal entries, accounting adjustments, reconciliations, reserve and valuation adjustment calculations (3) Partner with Trading Desk, Trade Support, Operations, ECM and other partners on business support including new product review, accounting assessment, issue resolution (4) Quarterly management and regulatory reporting including fair value disclosures, rollforwards, revenue/balance sheet variance commentary (5) Sarbanes-Oxley related control activities and coordination (6) Volcker/Capital related validation activities such as Volcker balance sheet review, validation of Volcker and Capital attributes for books to ensure compliance with enterprise guidelines (7) Working on initiatives to simplify/automate manual processes
Bachelor Degree (Accounting/Finance preferred)
1-2 years financial industry/banking experience (Product Control background preferred)
Leadership Skills acting as Lead Associate with team. Will not have direct leadership.
Advanced experience/skills with Excel and complex spreadsheets
Strong financial analytics experience
Candidate must be able to work both independently and as team member
Strong communication and problem solving abilities
Experience with Oracle/eLedger queries and general ledger postings
Good working knowledge of accounting concepts
Inquisitive, willing to challenge the status quo and strive to improve processes
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.