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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for supporting 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 knowledge of product(s), processes, and inherent risks for a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, assist in production of regulatory matters analysis, and perform critical testing and calculations.

Responsibilities:

Supports with preparing and analyzing 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 strategiesPerforms month-end close and financial reporting, critical testing and calculations, and periodic analysisAssists in the development of strategic and annual planning efforts and implementations and performs profitability analysis, forecasting, and financial reporting for a product or general ledger account typePartners closely with the front office, Operations, and Technology to support defining business finance processes and implementing related technology solutionsAnalyzes 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 substantiationBalance sheet analysis and accurate, well controlled financial reportingContinuous focus on challenging and improving controls, processes, applications and data sourcesWorking with Front Office to explain their P&L and Valuations metricsBusiness partnership as well as control oversight on new products and initiatives by Trading DesksCollaborate across the team/s on projects and initiativesProduction and monitoring of Daily and Monthly KPI’s

Skills:

Analytical ThinkingAttention to DetailFinancial AccountingFinancial ManagementReportingBusiness AnalyticsCritical ThinkingData Quality ManagementFinancial ProcessingPrice Verification and ValuationBusiness AcumenInfluencePrioritizationProblem SolvingScenario Planning and Analysis

Required Qualifications:

Minimum 3 years of product control and/or commodities trading experienceAbility to review, debate and challengeAbility to supervise, control deliverables and guide other more junior members of the teamLead by example and set high controls standards for the teamConfident analytical and communication skills (both written and verbal)Ability to respond appropriately to time-sensitive requests

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Desired Qualifications:

Bachelor's degree in accounting or finance or other related fieldProfessional certification in related field preferred such as CPA or CFA

Shift:

1st shift (United States of America)

Hours Per Week: 

40