Central Funding Desk-BFC associate

Employer
Bank of America Merrill Lynch
Location
New York, USA
Salary
Competitive
Posted
Feb 13, 2021
Closes
Feb 27, 2021
Ref
10206851
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description:

Overview of Area
The Central Funding Desk is a global desk operating out of AMRS, EMEA and APAC. The business facilitates both the issuance of Bank of America Structured Notes (Primary) and provides a market making facility (Secondary) for both BAC and Non BAC issued paper. The business is presently supported by a finance team operating in 4 locations both in the US and abroad. This business serves both Institutional and Retail investors by offering a wide variety of structured note products in rates, fx, commodities, credit and equities.

Key Responsibilities
  • Substantiate the official daily P&L explain for one (or multiple asset classes). Oversight of trader T0 flashes and estimate to official T+1 P&L variances as business unit level.
  • Daily Pnl production for one (or more) primary or secondary trading portfolios.
  • Preparation monthly & quarterly revenue commentary to senior management and regulators.
  • Review of changes to daily balance sheet & substantiation to transactional activity.
  • Daily interaction with the Front Office Trading desk and collaboration with other support teams.
  • Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.
  • Month end close, including Financial Disclosures, reconciliations and journal entries.
  • Quarterly disclosures (Fair Value, Statement of Cash Flow, FRY-9, etc).
  • Preparation of the daily/monthly/quarterly management reporting for senior manager.
  • Various strategic initiative participation and engagement.
  • Production and analysis of monthly Valuation Adjustments and Independent Pricing.


Required Skills
  • BS/BA Degree required (Finance, Accounting required)
  • 5+ years of professional work experience within the financial services industry
  • Control focus, strong financial analytics experience, hands on experience with complex structures and exotic products
  • Strong communication and presentation skills
  • Good business partnering skills
  • Advanced experience skills with Excel and complex spreadsheets

Desired Skills
  • MBA, CPA, CFA, or other advanced certification
  • Fixed income or derivative experience preferred
  • Structured Notes Experience
  • Several years of experience working in a product control function
  • Hyperion/Essbase/SAP/Oracle system


Shift:
1st shift (United States of America)

Hours Per Week:
40
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