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 an 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:

Team / Overview:
This role is to represent Finance in supporting the Global Commodities business in NY, which includes Oil, Power, Gas, and Index products. Candidates will be expected to influence team members, collaborate with the desk and other business partners, create structure for complex issues and focus on delivering solutions in line with the long term strategic goals of the bank.  With demonstrated success, you’ll have the opportunity to advance in the BFC Product Role, with opportunities available at the Sr. Associate, Lead, and Sr. Lead level, to promote career advancement within the Finance organization.

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 strategiesPerforms valuations controls including Independent Price Verification (IPV), liquidity valuation adjustments (LVA), and related policy reviewsPerforms month-end close and financial reporting, critical testing and calculations, and periodic analysisAssists 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 typePartners closely with the front office, Operations, and Technology to support defining business finance processes and implementing related technology solutionsAnalyzes regulatory matters, such as the Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolutions Plans (RRP), to assess riskmodeling practices within the bank

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 strategiesPerforms valuations controls including Independent Price Verification (IPV), liquidity valuation adjustments (LVA), and related policy reviewsPerforms month-end close and financial reporting, critical testing and calculations, and periodic analysisAssists 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 typePartners closely with the front office, Operations, and Technology to support defining business finance processes and implementing related technology solutionsAnalyzes 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 and/or commodities trading experienceStrong financial analytics experienceExperience to review, debate and challengeAdvanced experience/skills with Excel and complex spreadsheetsCandidate must be able to work both independently and as team memberStrong communication and presentation skillsStrong problem solving and analytical abilities

Desired Qualifications:

Bachelor Degree in Accounting/Finance

Skills:

Analytical ThinkingAttention to DetailFinancial AccountingFinancial ManagementReportingBusiness AnalyticsCritical ThinkingData Quality ManagementFinancial ProcessingPrice Verification and ValuationBusiness AcumenInfluencePrioritizationProblem SolvingScenario Planning and Analysis

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)

Pay and benefits information

Pay range

$85,700.00 - $125,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.