BFC Product Associate - Municipal Finance Group

Company: Eclaro
Location: New York
Posted on: September 25, 2022

Job Description:

BFC Product Associate - Municipal Finance GroupJob Number: 22-05992 Grab the opportunity to achieve your full potential! Eclaro is looking for a BFC Product Associate - Municipal Finance Group for our client in New York, NY. Eclaro's client is one of the world's largest financial institutions, committed to providing the tools and services that bridge the gap between customers and their goals. If you're up to the challenge, then take a chance at this rewarding opportunity! Position Overview: Responsible for directing the day-to-day finance activities for a business unit or associate area. Activities include strategic and annual planning and implementation, profitability analysis, forecasting and financial reporting. Manages partner relationships and associates. This role is to represent Finance in supporting the Municipal Banking and Markets. As BFC Product Associate, you will be expected to work and inspire team members, collaborate with the trading desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank. Responsibilities: Daily P&L & Balance Sheet Reporting & Oversight Production and/or review of official daily P&L explain and its provision for VaR backtesting Approval of daily sub-ledger P&L generated by Middle Office for reporting into Greensheets Responsibility for daily management adjustments to P&L Daily P&L reporting to local and regional management Oversight of trader estimate to official T+1 P&L variances as business unit level Preparation of daily P&L commentary and substantiation to market events Review of material new deals Review and approval of changes to valuation adjustments & reserves Review of changes to daily balance sheet & substantiation to transactional activity Core Financial Oversight Functions Price verification (daily, weekly, monthly) Validation of appropriate application and use of models for books & records Monthly & quarterly revenue commentary Maintaining/updating valuation adjustment & reserve policies Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting Determining and implementing appropriate accounting policies & procedures (with Accounting Policy) Managing key accounting, legal entity, regulatory and P&L issues with the business Month end close, including Financial Disclosures and calculation and recording of netting entries Exercise of control oversight on behalf of the business Participation in the New Product Review and Appropriation Request processes: modeling structures and process scenarios, review, and control Contributing to Governance process, operational error reporting and support of other internal control process, including SOX Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems Required Skills: Bachelor's degree required 2+ years of finance or fixed income products experience Excel, VBA, and Microsoft office suite experience Ability to act independently Strong Excel skills. VBA and/or SQL skills a plus. Is able to see the big picture, to identify non-optimal processes, to propose solutions and to implement them within timelines and cost constraints. Ensures effective planning and execution of client deliverables on a timely basis If interested, you may contact:Tony Viterboanthony.viterbo@eclaro.com 6463571241Tony Viterbo - LinkedIn Equal Opportunity Employer: Eclaro values diversity and does not discriminate based on Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

Keywords: Eclaro, New York , BFC Product Associate - Municipal Finance Group, Accounting, Auditing , New York, New York