Bank Of America Senior Business Financial Control Associate 

United States, New York, New York 

185937298

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

LOB Responsibilities:

• Daily P&L production, monthly Valuations functions, business reporting and ledger substantiation

• Balance sheet analysis and accurate, well controlled financial reporting

• Continuous focus on challenging and improving controls, processes, applications and data sources

• Working with Front Office to explain their P&L and Valuations metrics

• Business partnership as well as control oversight on new products and initiatives by Trading Desks

• Collaborate across the team/s on projects and initiatives

• Production and monitoring of Daily and Monthly KPI’s

Required Qualifications:

• Minimum 3 years of product control and/or commodities trading experience

• Ability to review, debate and challenge

• Ability to supervise, control deliverables and guide other more junior members of the team

• Lead by example and set high controls standards for the team

• Confident analytical and communication skills (both written and verbal)

• Ability to respond appropriately to time-sensitive requests

Desired Qualifications:

• Bachelor's degree in accounting or finance

• Professional certification in related field preferred such as CPA or CFA

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)