Sr. BFC Product Associate-Muni Finance
New York, New York
**Job Description:**
**Main Responsibilities**
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. In addition to supervisory / administrative duties, individuals are actively involved in the execution of processes. Assists management in the development and implementation of policies and procedures.
**Role Details**
This role is to represent Finance in supporting the Municipal Banking and Markets. As Sr BFC Senior Product Associate, you will be expected to lead and inspire team members, collaborate with the 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 will include the following:
_Daily P&L & Balance Sheet Reporting & Oversight_
Production and/or review of balance sheet and daily P&L explain
Oversight of trader estimate to official T+1 P&L variances
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 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
5+ years of finance or fixed income products experience
Excel, VBA, and Microsoft office suite experience
Ability to act independently
Strong understanding of fixed income products or structured products
Strong Excel skills. VBA and/or SQL skills a plus.
Must be able to fully understand the impact of current and future IT developments on existing P&L processes and play a role in their implementation.
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
**Job Band:**
H5
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
2000
**Job Description:**
**Main Responsibilities**
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. In addition to supervisory / administrative duties, individuals are actively involved in the execution of processes. Assists management in the development and implementation of policies and procedures.
**Role Details**
This role is to represent Finance in supporting the Municipal Banking and Markets. As Sr BFC Senior Product Associate, you will be expected to lead and inspire team members, collaborate with the 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 will include the following:
_Daily P&L & Balance Sheet Reporting & Oversight_
Production and/or review of balance sheet and daily P&L explain
Oversight of trader estimate to official T+1 P&L variances
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 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
5+ years of finance or fixed income products experience
Excel, VBA, and Microsoft office suite experience
Ability to act independently
Strong understanding of fixed income products or structured products
Strong Excel skills. VBA and/or SQL skills a plus.
Must be able to fully understand the impact of current and future IT developments on existing P&L processes and play a role in their implementation.
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
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22078668
Band: H5
Manages People: No
Travel: No
Manager:
Talent Acquisition Contact:
Amy FitzGerald [C]
Referral Bonus:
2000
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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