BFC Product Associate - AMRS Rates

Bank of America Merrill Lynch
New York, USA
Feb 13, 2021
Feb 27, 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Description:

Team Overview:
The AMRS Rates Team in New York supports the Interest Rates Business. This business serves our corporate, financial, and individual investor customers by offering a wide variety of interest rate products
  • AMRS Linear Rates - Consists of US Swaps, Governments and Agencies and Inflation Desk. The AMRS Linear Rates business services clients' needs to hedge interest rate exposure. The Desk routinely stands ready to purchase and sell the financial instruments on both sides of the market.
  • Non-Linear Rates - Consists of a US Volatility Trading Desk, an Inflation Desk and a Structured Notes Desk. These desks provide clients access to various derivatives options and structured products for enhanced yield/capital growth performance through higher risk structured transactions in either OTC contracts or securitized products.

Key Responsibilities:
  • Substantiate the official daily P&L explain and its provision for VaR backtesting. Oversight of trader T0 flashes and estimate to official T+1 P&L variances as business unit level.
  • Preparation monthly & quarterly revenue commentary to senior manager and regulator
  • Controller for the global rates management VTD
  • Review of changes to daily balance sheet & substantiation to transactional activity.
  • Daily interaction with the Front Desk 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 and calculation and recording of netting entries
  • Quarterly fair value disclosure
  • Preparation of the daily/monthly/quarterly management reporting and deck for senior manager

Required Skills
  • BS/BA Degree required (Finance, Accounting preferred)
  • 2+ years of professional work experience within the financial services industry
  • Control focus, strong financial analytics experience, comfortable with complex 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
  • Hyperion/Essbase/SAP/Oracle system

1st shift (United States of America)

Hours Per Week:
Learn more about this role

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