This position is on the Business Finance Control of Central Funding Desk/Structure Notes team. The team owns P&L, Balance Sheet Control and Reporting, and Independent Valuation responsibilities for the CFD desk within CPM. The desk's primary focus is on issuance of Structured Notes, Daily PL & balance sheet oversights and reconciliation; New deal and significant deal review; Review and approval of changes to the valuation adjustment; Month end close, including Financial Disclosures and calculation and recording of netting entries; Managing key accounting, legal entity, regulatory and PL issues with the business, etc. Focus on process improvement of current processes is imperative in this role.
Areas of responsibility include:
Financial reporting and disclosures
General ledger close and reconciliations
Management reporting and analysis
Regulatory capital disclosures
Stress Test and Forecasting
Process analysis, documentation of policies and procedures and evidencing of results are also of primary importance in this role. Trading desk support, including interpretation of accounting policies and ad hoc reporting, is another critical requirement. Throughout the tenure of the role, the teammate should gain exposure and acumen in the Global Markets/FICC area of the organization and develop or improve the following skills: GAAP (with a focus on Fixed Income), Management and Regulatory/SEC reporting, as well as written and oral communication skills.
Advanced 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
Internal Number: 19079320
About Bank of America
By delivering capabilities through eight lines of business, we provide a unique advantage to each customer and client: the powerful expertise of one team, working together to deliver on our purpose to help make financial lives better through our focus on responsible growth.
Employees in banking, markets and finance roles work directly with individual clients across the U.S., as well as companies and institutional clients globally. This includes our Consumer & Small Business, Wealth Management and Global Banking & Markets lines of business.
Employees in our business support functions work on specialist teams to ensure the strategic, efficient and successful operations of our organization’s day-to-day business. Our administrative, finance, audit, human resources, risk and legal functions make up this team.
Employees in technology and operations help provide the infrastructure, technology platforms and information security capabilities crucial to our ability to serve our clients.