Product Associate - Business Finance Control

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for supporting business analysis for a Line of Business (LOB) by producing all financial reporting and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying knowledge of product(s), processes, and inherent risks for a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, assist in production of regulatory matters analysis, perform critical testing and calculations, establish infrastructure for new products, and approve ledger journal entries.

Responsibilities:

• Supports with preparing and analyzing balance sheets and Profit and Loss (P&L) reports and validates postings and balances for a product aligned to a Line of Business (LOB) using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies
• Performs month-end close and financial reporting, critical testing and calculations, and periodic analysis
• Assists in the development of strategic and annual planning efforts and implementations and performs profitability analysis, forecasting, and financial reporting for a product or general ledger account type
• Partners closely with the front office, Operations, and Technology to support defining business finance processes and implementing related technology solutions
• Analyzes regulatory matters, such as the Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolutions Plans (RRP), to assess risk modeling practices within the bank

Required Qualifications:

• 2-5 years in Finance, Data, FP&A, or related industry experience

• Experience in financial reporting, risk, product control, or regulatory reporting.
• Ability to quickly learn complex processes and tools with a process improvement mindset
• Well organized with strong attention to detail and effective time management skills

• Advanced Excel skills.

• Strong written and verbal communication skills.

• Ability to manage multiple priorities and work independently.
  

Desired Qualifications:

• Bachelor's degree in Finance, Accounting, Economics, Mathematics, or related field.
• SAP / eLedger / EPM understanding/experience
• Exposure to Alteryx or other data management and automation tools (e.g., Power Query, Tableau, SQL, etc.)
• Experience supporting process improvement, operations, or project management roles

• Knowledge of capital markets products.

• Experience with SQL, Tableau, Alteryx, Power BI, or similar analytical tools.

 

 

 

Skills:

• Analytical Thinking
• Attention to Detail
• Financial Accounting
• Financial Management
• Reporting
• Business Analytics
• Critical Thinking
• Data Quality Management
• Financial Processing
• Price Verification and Valuation
• Business Acumen
• Influence
• Prioritization
• Problem Solving
• Scenario Planning and Analysis

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)

Pay and benefits information

Pay range

$95,000.00 - $126,600.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.