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!

The Global Credit & Special Situations (GCSS) Finance team is part of the CFO organization. The primary focus of our team is to support the GCSS Distressed 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 desk trades in a range of products including Loans, Bonds, Equities, CDS, Interest Rate Swaps, Aviation Leases and Trade Claims. 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.

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 experience in financial industry/banking experience

• Experience with Credit Products / Structured products

• 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

Desired Qualifications:

• Bachelor Degree in Accounting/Finance

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: 

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