Job Description: The G10 Business Finance & Controls (BF&C) team is part of GBAM Finance organization. G10 FX desk provides clients with market-making services in foreign exchange (“FX”) spot, swaps, forwards and options in G10 currency pairs through voice and electronic execution services with dealing centers located in New York, London, Hong Kong and Tokyo. The primary focus of the BF&C team is to support the G10 FX desk through the implementation and execution of key control processes. These include maintaining the legal financial books & records, new deal review, forecasting, stress testing, P&L explain, balance sheet analysis, and valuation and price testing functions.
This is a cross functional role in which the teammate will develop business partner relationships with the Front Office, Risk, Technology and Operations, and other support partners. The teammate will have direct interaction with senior members of the trading desk, COO group to present financial performance and provide market insights. Core responsibilities will include daily, weekly and monthly risk and P&L reporting, explains, and commentary, quarterly accounting disclosures, balance sheet reviews, coordinating with audit (internal & external, SOX), month end close, reserve calculations, pricing adjustments and planning/forecasting. Teammate will also be required to assist with new process testing, participate in ongoing initiatives, and ad hoc requests.
BS / BA Degree Required - (Accounting, Finance, or Economics Preferred).
5+ years of applicable experience.
Experience in monthly Independent Price verification on Derivatives.
Direct involvement in Price Testing process and lead new initiatives targeted for price testing and valuation adjustments.
Calculation of the Valuation adjustment - Validation of appropriate application and use of models for books & record.
Experience in Regulatory capital disclosures, Stress Test and Forecasting.
Solid understanding of PL explains and trade lifecycle events for derivatives.
Preparation of monthly & quarterly desk revenue and market commentary to senior manager and regulators.
Substantiation & analysis of Balance Sheet and P&L with analytics and commentary on Line of Business performance.
Understanding of ledger, and sub ledger systems (SAP/eLedger, Oracle, Finman, etc)
Advanced in Microsoft Office suite of products with emphasis on strong Excel (macros, pivot tables, etc) as well as various Bank specific reporting tools (EPM, FMA, etc)
Must be able to work across the organization to research and resolve issues
Highly organized, detail oriented, proactive, and able to multitask in a deadline driven environment
Independent learner and thinker, Initiative, Insight, leadership skills
Demonstrated financial acumen with analytical and problem solving skills
Ability to communicate, partner and influence across a matrix organization
MBA / CPA / CFA
Experience with Global Markets Products preferably in FX market
Experience around regulatory reporting, Sarbanes Oxley, Volcker mandates, and capital reporting
Internal Number: 19051950
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