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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.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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 supporting 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 knowledge of product(s), processes, and inherent risks for a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, assist in production of regulatory matters analysis, and perform critical testing and calculations.
Responsibilities:
- Supports with preparing and analyzing 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
- Performs month-end close and financial reporting, critical testing and calculations, and periodic analysis
- Assists in the development of strategic and annual planning efforts and implementations and performs profitability analysis, forecasting, and financial reporting for a product or general ledger account type
- Partners closely with the front office, Operations, and Technology to support defining business finance processes and implementing related technology solutions
- 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
LOB Responsibilities:
- Daily P&L production, monthly Valuations functions, business reporting and ledger substantiation
- Balance sheet analysis and accurate, well controlled financial reporting
- Continuous focus on challenging and improving controls, processes, applications and data sources
- Working with Front Office to explain their P&L and Valuations metrics
- Business partnership as well as control oversight on new products and initiatives by Trading Desks
- Collaborate across the team/s on projects and initiatives
- Production and monitoring of Daily and Monthly KPI’s
Skills:
- Analytical Thinking
- Attention to Detail
- Financial Accounting
- Financial Management
- Reporting
- Business Analytics
- Critical Thinking
- Data Quality Management
- Financial Processing
- Price Verification and Valuation
- Business Acumen
- Influence
- Prioritization
- Problem Solving
- Scenario Planning and Analysis
