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Sr. Finance Analyst, BFC Product Associate - Global Banking and Markets

Employer
Bank of America Merrill Lynch
Location
Charlotte, USA
Salary
Competitive
Closing date
Jun 18, 2021

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description:

The Global Loan Portfolio Management (GLPM) Business Finance & Controls (BF&C) team is part of GBAM Finance and is responsible for coverage of the GLPM business - a public side trading desk tasked with credit risk hedging the firm's corporate loan portfolios including both fair value and accrual accounting. GLPM manages potential default loss, mark-to-market volatility, and overall P&L associated with corporate loans and the cost of hedging.

The Finance team supports the desk in a Business Finance Officer (BFO) capacity, along with trade support and control functions to ensure proper reporting of the balance sheet and financial results. Core responsibilities include daily, weekly and monthly risk and P&L reporting, explains, reconciliations and commentary; quarterly accounting disclosures; balance sheet reviews; audit coordination (internal & external, SOX); month end close; reserve calculations; pricing adjustments; and planning/forecasting.

As part of the responsibilities of the role, the teammate will also develop business partner relationships with the various businesses, controller groups and other support partners. Throughout the tenure of the role, the teammate should gain exposure and acumen in funded and unfunded loan balances, various lending products, FTP, Allowance for Loan Loss, Capital (Basel 3A, Basel 3S, SLE), and several other areas of the organization. The candidate will develop or improve the following skills: Business Partnering, Management Reporting Focus, Process Control, and Capital Management.

This is a well-rounded role in which candidates have the opportunity to partner closely with the GLPM desk (Front Office), Risk and other senior finance managers. Candidate will learn to view complex traded products at a macro and micro level, as well as how to deconstruct balance sheet and P&L to provide analytical support to the desk and other business partners. The role also involves development and enhancement of financial analytics platforms.

Required Skills
  • BS / BA Degree Required - (Accounting, Finance, or Economics Preferred)
  • 1 - 3 years accounting or finance experience
  • Understanding of accounting (debits / credits), reconciliation, balancing
  • 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

Desired Skills
  • MBA / CPA / CFA
  • Experience with loans, derivatives and/or bonds
  • Experience with Bloomberg, Loanrunner, ACBS, BUCS, Access, and/or SQL
  • FASB / SEC Exposure
  • Experience around regulatory reporting, Sarbanes Oxley, capital reporting and metrics


Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

The Global Loan Portfolio Management (GLPM) Business Finance & Controls (BF&C) team is part of GBAM Finance and is responsible for coverage of the GLPM business - a public side trading desk tasked with credit risk hedging the firm's corporate loan portfolios including both fair value and accrual accounting. GLPM manages potential default loss, mark-to-market volatility, and overall P&L associated with corporate loans and the cost of hedging.

The Finance team supports the desk in a Business Finance Officer (BFO) capacity, along with trade support and control functions to ensure proper reporting of the balance sheet and financial results. Core responsibilities include daily, weekly and monthly risk and P&L reporting, explains, reconciliations and commentary; quarterly accounting disclosures; balance sheet reviews; audit coordination (internal & external, SOX); month end close; reserve calculations; pricing adjustments; and planning/forecasting.

As part of the responsibilities of the role, the teammate will also develop business partner relationships with the various businesses, controller groups and other support partners. Throughout the tenure of the role, the teammate should gain exposure and acumen in funded and unfunded loan balances, various lending products, FTP, Allowance for Loan Loss, Capital (Basel 3A, Basel 3S, SLE), and several other areas of the organization. The candidate will develop or improve the following skills: Business Partnering, Management Reporting Focus, Process Control, and Capital Management.

This is a well-rounded role in which candidates have the opportunity to partner closely with the GLPM desk (Front Office), Risk and other senior finance managers. Candidate will learn to view complex traded products at a macro and micro level, as well as how to deconstruct balance sheet and P&L to provide analytical support to the desk and other business partners. The role also involves development and enhancement of financial analytics platforms.

Required Skills
  • BS / BA Degree Required - (Accounting, Finance, or Economics Preferred)
  • 1 - 3 years accounting or finance experience
  • Understanding of accounting (debits / credits), reconciliation, balancing
  • 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

Desired Skills
  • MBA / CPA / CFA
  • Experience with loans, derivatives and/or bonds
  • Experience with Bloomberg, Loanrunner, ACBS, BUCS, Access, and/or SQL
  • FASB / SEC Exposure
  • Experience around regulatory reporting, Sarbanes Oxley, capital reporting and metrics


Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

The Global Loan Portfolio Management (GLPM) Business Finance & Controls (BF&C) team is part of GBAM Finance and is responsible for coverage of the GLPM business - a public side trading desk tasked with credit risk hedging the firm's corporate loan portfolios including both fair value and accrual accounting. GLPM manages potential default loss, mark-to-market volatility, and overall P&L associated with corporate loans and the cost of hedging.

The Finance team supports the desk in a Business Finance Officer (BFO) capacity, along with trade support and control functions to ensure proper reporting of the balance sheet and financial results. Core responsibilities include daily, weekly and monthly risk and P&L reporting, explains, reconciliations and commentary; quarterly accounting disclosures; balance sheet reviews; audit coordination (internal & external, SOX); month end close; reserve calculations; pricing adjustments; and planning/forecasting.

As part of the responsibilities of the role, the teammate will also develop business partner relationships with the various businesses, controller groups and other support partners. Throughout the tenure of the role, the teammate should gain exposure and acumen in funded and unfunded loan balances, various lending products, FTP, Allowance for Loan Loss, Capital (Basel 3A, Basel 3S, SLE), and several other areas of the organization. The candidate will develop or improve the following skills: Business Partnering, Management Reporting Focus, Process Control, and Capital Management.

This is a well-rounded role in which candidates have the opportunity to partner closely with the GLPM desk (Front Office), Risk and other senior finance managers. Candidate will learn to view complex traded products at a macro and micro level, as well as how to deconstruct balance sheet and P&L to provide analytical support to the desk and other business partners. The role also involves development and enhancement of financial analytics platforms.

Required Skills
  • BS / BA Degree Required - (Accounting, Finance, or Economics Preferred)
  • 1 - 3 years accounting or finance experience
  • Understanding of accounting (debits / credits), reconciliation, balancing
  • 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

Desired Skills
  • MBA / CPA / CFA
  • Experience with loans, derivatives and/or bonds
  • Experience with Bloomberg, Loanrunner, ACBS, BUCS, Access, and/or SQL
  • FASB / SEC Exposure
  • Experience around regulatory reporting, Sarbanes Oxley, capital reporting and metrics


Shift:
1st shift (United States of America)

Hours Per Week:
40

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