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Bank Of America Sr Business Financial Control Product Associate 
United States, New York, New York 
502220709

24.01.2025


This job is responsible for leading business analysis for a Line of Business (LOB) by producing all financial reporting and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying a knowledge and understanding of product(s), processes, and inherent risks of a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, establish infrastructure for new products, and approve ledger journal entries.

Responsibilities:

  • Prepares and analyzes 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

  • 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

  • Analyzes regulatory matters, such as the Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolutions Plans (RRP), to assess risk modeling practices within the bank

Required Skills:

  • Minimum 2years of banking or financial industry experience, with a focus on product control or financial control

  • Strong balance sheet and general ledger knowledge is essential

  • Advanced Excel skills, particularly in managing complex spreadsheets and financial data

  • Strong analytical and problem-solving skills with an ability to work both independently and in collaboration with cross-functional teams

  • Ability to work effectively in a fast-paced, dynamic environment, particularly during quarter-end periods when additional hours, including Saturdays, may be required

  • Inquisitive and proactive mindset; the candidate must be comfortable asking questions and working collaboratively with teams to resolve issues

  • Strong communication skills with the ability to liaise with internal teams such as Capital Accounting Policy, Operations, and the Trading Desk

  • Attention to detail and the ability to manage work independently without excessive supervision

Desired Skills:

  • Experience with Oracle/eLedger queries and general ledger postings (preferred but not required; training will be provided if necessary).

  • Experience in process improvement or operational excellence (OPEX) initiatives

  • Previous experience working with mortgages or securitized products (ABS, RMBS)

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

1st shift (United States of America)