BFC P&L Control Associate – Charlotte Job at Bank of America in USA

Job Description:

Responsibilities include:

  • Analyst responsible for analysis and verification of P/L and risk positions for the RMBS trading desks. Estimate trading P/L for trading desks based on daily market movements, explain differences to reported P/L, and communicate analysis to traders, Finance management, and other business partners.
  • Work with analysts producing daily P/L to provide guidance on exceptions, complex transactions, and significant risk items.
  • Work with Trading and Technology groups to implement enhancements to current infrastructure.
  • Create tactical solutions to critical questions and enhancements.
  • Consult with various Finance analysts on design and creation of tools used to support the business.
  • Utilizes thorough knowledge and understanding of product and trade life cycle flow.
  • Responsible for end to end daily P&L and B/S production processes.
  • Performs ledger closing of books during month end, posts journal entries, prepares and may review FOBO reconciliation between systems.
  • Coordinates and resolves any system discrepancies.

Required skills include:

  • Bachelors Degree in related field required
  • Prior experience with P/L and risk processes
  • Experience with applying risk factors to explain P/L movements
  • Exposure to a trading environment
  • Very strong Excel/tech skills
  • The ability to analyze, reconcile, and interpret large amounts of data
  • Strong detail orientation
  • The ability to manage multiple priorities
  • Excellent time management and prioritization skills, with ability to meet tight deadlines.
  • Candidates must have the ability and willingness to continuously learn on the job, technical fluency, with ability to learn new systems quickly, ability to problem-solve and take ownership of process improvements, the ability to work in a fast paced environment.

Desired Skills include:

  • Knowledge of mortgage back securities and accounting of financial instruments.
  • R-Studio; Python, Tableau, Alteryx, Fin Tech automation tools

Shift: 1st shift (United States of America)

Hours Per Week: 40

Bank of America

About the Company

Company: Bank of America

Company Location:  USA

Estimated Salary:

About Bank of America