Full-Time

Senior BFC Product Associate

Confirmed live in the last 24 hours

Bank of America

Bank of America

10,001+ employees

Provides banking, investment, and asset management services

Fintech
Financial Services

Compensation Overview

$105k - $153kAnnually

+ Discretionary Incentive

Senior

New York, NY, USA

Located at 1100 Ave Of The Americas - Two Bryant Park, New York, NY.

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Financial analysis
Requirements
  • Bachelor’s Degree in Accounting, Finance, or equivalent work experience.
  • 7+ years of experience in financial analysis, product control, and risk management.
  • Advanced Excel and financial modeling skills, with experience in analyzing complex financial data.
  • Knowledge of financial products such as loans, bonds, derivatives, and equities.
  • Strong understanding of GAAP, risk mitigation techniques, and regulatory requirements.
  • Excellent communication, problem-solving, and presentation skills.
  • Ability to work independently and as part of a team in a fast-paced environment.
Responsibilities
  • Daily P&L reporting for sales and trading activities.
  • Balance sheet reporting and analysis, including quarterly regulatory disclosures.
  • Journal entries and month-end close processes to ensure accurate books and records.
  • Independent price verification and comparison against trader values.
  • Engage with senior stakeholders and regulators on financial performance and risk assessments.
  • Support ongoing projects to optimize financial reporting processes and mitigate operational risks.
  • Contribute to system implementations, upgrades, and changes within multi-system environments.
  • Ensure compliance with GAAP, internal controls, and regulatory requirements, including CCAR and RRP disclosures.

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business clients in the U.S. and is recognized as a leading wealth management firm. Additionally, Bank of America is a major player in corporate and investment banking, as well as trading. What sets Bank of America apart from its competitors is its extensive client base and comprehensive suite of services that cater to various financial needs. The company's goal is to help clients achieve their financial objectives through tailored solutions and expert guidance.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Working at Bank of America offers exposure to a diverse range of financial products and services, enhancing career development opportunities.
  • The bank's leadership in wealth management and investment banking provides employees with the chance to work on high-impact projects and deals.
  • Bank of America's global presence and strong market position offer stability and growth potential for employees.

What critics are saying

  • The highly competitive nature of the financial services industry requires Bank of America to continuously innovate to maintain its market position.
  • Regulatory changes and economic fluctuations can impact the bank's operations and profitability, posing challenges for employees.

What makes Bank of America unique

  • Bank of America stands out as a global leader in corporate and investment banking, offering a comprehensive suite of financial services that cater to a wide range of clients from individuals to large corporations.
  • The bank's extensive network and relationships with approximately 56 million U.S. consumer and small business clients provide a significant competitive edge in the financial services industry.
  • Bank of America's involvement in high-profile credit facilities, such as Uber's $5B revolving credit, showcases its capability to handle large-scale financial transactions.

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