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 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 Qualifications:

Minimum 2 years 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

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Desired Qualifications:

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

Shift:

Hours Per Week: