BFC Product Associate - Global Credit BFO

Company: Bank of America
Location: New York
Posted on: May 6, 2021

Job Description:

Job Description: The Global Credit (GC) Finance team is part of the CFO organization. The primary focus of our team is to support the Credit Sales & Trading business through the implementation and execution of key control processes including legal financial books and records, valuations control, regulatory matters, forecasting, P&L explain, and balance sheet analysis. The Credit business is comprised of three trading desks: Investment Grade, High Yield and Index Trading. The desk trades in a range of products including Corporate Bonds, Preferreds, CDS, CDX, Tranche and Options.Our business partners include--the Credit trading desk, Trade Control and Operations, Enterprise Capital Management (ECM) and SEC/Regulatory reporting.--Key priorities for our team include, proactive execution of controls, accurate reporting and analysis of financial results and forging strong relationships with business partners to assist in decision making.Areas of responsibility include* Financial reporting and disclosures* General ledger close and reconciliations* Management reporting and analysis* Regulatory capital disclosures* Price Testing* Sector analysis* Stress Test and ForecastingProcess 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. Required Skills* Bachelor Degree required - Accounting/Finance preferred* 2 - 3 years financial industry/banking experience* Strong financial analytics experience* 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 (Excel/Essbase)* Oracle / Eledger or equivalent experience preferredDesired Skills* Global Markets experience (FICC preferred)* Experience with Bloomberg, or Hyperion* Control focused, analytical, team oriented, comfortable with complex productsShift:1st shift (United States of America) Hours Per Week: 40

Keywords: Bank of America, New York , BFC Product Associate - Global Credit BFO, Accounting, Auditing , New York, New York