BFC Product Associate

Employer
Bank of America Merrill Lynch
Location
New York, USA
Salary
Competitive
Posted
Jun 03, 2021
Closes
Jun 17, 2021
Ref
11145313
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description:

  • The US Equity Client Solutions Finance team in New York supports the Equity Derivatives Business. This business serves our corporate, financial, and individual investor customers by offering a wide variety of equity linked derivative products.

You will be expected to lead and collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank. An emphasis will be placed on extensive product knowledge as it relates to independent price testing of our derivative portfolio. More detailed characteristics you will be expected to display are described below.

Responsibilities:
• Daily P&L & Balance Sheet Oversight
• Complex derivative price testing (Call spreads, cliquets, vol/var swaps)
• Production and/or review of official daily P&L explain and its provision for VaR backtesting
• Responsibility for daily management adjustments to P&L
• Daily P&L reporting to local and regional management
• Review of material new deals
• Review and approval of changes to valuation adjustments & reserves
• Appropriately manages and mitigates operational risk

Required Skills
  • Bachelor Degree in Accounting/Finance
  • Strong financial analytics experience
  • Advanced experience/skills with Excel and complex spreadsheets
  • Candidate must be able to work both independently and as team member
  • Strong communication and presentation skills
  • Strong problem solving and analytical abilities (Excel/Essbase)
Desired Skills
  • CPA/CFA, or other advanced certification
  • 3-6 years of equity derivative product control
  • Experience with Bloomberg, or Hyperion/Essbase/SAP
  • Insight/Essbase experience
  • Product experience (equity derivatives specific)
  • Understanding of the Greeks
  • Experience with complex derivative price testing
  • Control focused, analytical, team oriented, comfortable with complex products


Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

  • The US Equity Client Solutions Finance team in New York supports the Equity Derivatives Business. This business serves our corporate, financial, and individual investor customers by offering a wide variety of equity linked derivative products.

You will be expected to lead and collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank. An emphasis will be placed on extensive product knowledge as it relates to independent price testing of our derivative portfolio. More detailed characteristics you will be expected to display are described below.

Responsibilities:
• Daily P&L & Balance Sheet Oversight
• Complex derivative price testing (Call spreads, cliquets, vol/var swaps)
• Production and/or review of official daily P&L explain and its provision for VaR backtesting
• Responsibility for daily management adjustments to P&L
• Daily P&L reporting to local and regional management
• Review of material new deals
• Review and approval of changes to valuation adjustments & reserves
• Appropriately manages and mitigates operational risk

Required Skills
  • Bachelor Degree in Accounting/Finance
  • Strong financial analytics experience
  • Advanced experience/skills with Excel and complex spreadsheets
  • Candidate must be able to work both independently and as team member
  • Strong communication and presentation skills
  • Strong problem solving and analytical abilities (Excel/Essbase)
Desired Skills
  • CPA/CFA, or other advanced certification
  • 3-6 years of equity derivative product control
  • Experience with Bloomberg, or Hyperion/Essbase/SAP
  • Insight/Essbase experience
  • Product experience (equity derivatives specific)
  • Understanding of the Greeks
  • Experience with complex derivative price testing
  • Control focused, analytical, team oriented, comfortable with complex products


Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

  • The US Equity Client Solutions Finance team in New York supports the Equity Derivatives Business. This business serves our corporate, financial, and individual investor customers by offering a wide variety of equity linked derivative products.

You will be expected to lead and collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank. An emphasis will be placed on extensive product knowledge as it relates to independent price testing of our derivative portfolio. More detailed characteristics you will be expected to display are described below.

Responsibilities:
• Daily P&L & Balance Sheet Oversight
• Complex derivative price testing (Call spreads, cliquets, vol/var swaps)
• Production and/or review of official daily P&L explain and its provision for VaR backtesting
• Responsibility for daily management adjustments to P&L
• Daily P&L reporting to local and regional management
• Review of material new deals
• Review and approval of changes to valuation adjustments & reserves
• Appropriately manages and mitigates operational risk

Required Skills
  • Bachelor Degree in Accounting/Finance
  • Strong financial analytics experience
  • Advanced experience/skills with Excel and complex spreadsheets
  • Candidate must be able to work both independently and as team member
  • Strong communication and presentation skills
  • Strong problem solving and analytical abilities (Excel/Essbase)
Desired Skills
  • CPA/CFA, or other advanced certification
  • 3-6 years of equity derivative product control
  • Experience with Bloomberg, or Hyperion/Essbase/SAP
  • Insight/Essbase experience
  • Product experience (equity derivatives specific)
  • Understanding of the Greeks
  • Experience with complex derivative price testing
  • Control focused, analytical, team oriented, comfortable with complex products


Shift:
1st shift (United States of America)

Hours Per Week:
40

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