Full-Time

Senior BFC Product Associate

Confirmed live in the last 24 hours

Bank of America

Bank of America

10,001+ employees

Provides banking and financial services globally

Fintech
Financial Services

Compensation Overview

$105k - $153kAnnually

+ Discretionary Incentive

Senior, Expert

New York, NY, USA

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

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Financial analysis
Requirements
  • 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 service offerings that cater to various financial needs. The company's goal is to help clients achieve their financial objectives through a diverse array of financial solutions.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Bank of America is exploring blockchain for faster, secure cross-border payments.
  • The bank collaborates with fintech firms to enhance digital offerings.
  • It invests significantly in cybersecurity to protect customer data and maintain trust.

What critics are saying

  • Increased competition in the credit facility market may impact market share.
  • Large corporations raising capital through share sales could affect traditional banking services.
  • The rise of fintech platforms could disrupt traditional syndicated loan processes.

What makes Bank of America unique

  • Bank of America is a global leader in corporate and investment banking.
  • The company is committed to a $1 trillion sustainable finance goal by 2030.
  • It invests heavily in AI-driven customer service tools for enhanced user experience.

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