Vice President; Sr BFC Product Associate

at  Bank of America

JOB DESCRIPTION:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

REQUIRED SKILLS & EXPERIENCE:

• Bachelor’s degree or equivalent in Business Administration, Finance, Economics or related; and
• 5 years of progressively responsible experience in the job offered or a related Finance occupation.
• Must include 5 years of experience in each of the following:
• Integrating a range of systems including general ledger, sub-ledger, and front end trading system in order to perform and execute financial control and analysis;
• Reviewing and analyzing various forms of P&L attribution, Income statements, Balance Sheets and Regulatory /Financial disclosures;
• Assessing financial product valuations and risks, with emphasis on Equity derivatives, to substantiate and explain P&L and balance sheet; and,
• Investigating and resolving systems issues by analyzing & reconciling large data sets from multiple systems and technologies, including but not limited to trading systems, sub-ledgers and general ledgers.
  If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.
  EMPLOYER: Bank of America N.A.

• Utilize thorough knowledge and understanding of product, process and inherent risk.
• Prepare analysis and performing critical testing and calculations in support of Sub-LOB.
• Produce financial reporting and disclosures, assisting in production of regulatory matters analysis including CCAR and RRP.
• Analyze and substantiate P&L attributes and balance sheets, establishing infrastructure for new products, performing month end close and periodic analysis, and validating postings and balances.
• Interact with Front Office and support groups.
• Report and provide oversight over Profit and Loss (P&L) and Balance Sheets on a daily basis.
• Provide daily P&L reports to local and regional management.
• Review material new deals, and both reviewing and approving changes to valuation adjustments and reserves.
• Provide ad hoc analysis. Perform price verification and other valuation control routines.
• Mitigate operational risk as appropriate.
• Integrate a range of systems including general ledger, sub-ledger, and front end trading system in order to perform and execute financial control and analysis.
• Review and analyze various forms of P&L attribution, Income statements, Balance Sheets and Regulatory /Financial disclosures.
• Assess financial product valuations and risks, with emphasis on Equity derivatives, to substantiate and explain P&L and balance sheet.
• Investigate and resolve systems issues by analyzing & reconciling large data sets from multiple systems and technologies, including but not limited to trading systems, sub-ledgers and general ledgers.