Business Finance Control Product Associate Treasury Finance (CFO)

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 officeand other business stakeholders. Key responsibilities include applyingknowledge 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 and perform critical testing and calculations.

The Treasury Business Finance Control (BFC) team is responsible for ensuring the accuracy and completeness of Treasury activity across the banks ledgers ensuring that all activity recorded in the Treasury sub-ledger accurately reflects transactions from various trading systems in the general ledger. This role plays a critical part in managing end-to-end ledger processes month-end reconciliations variance analysis and key projects aimed at enhancing financial control within Treasury. The ideal candidate will be highly analytical detail-oriented and possess a strong understanding of complex financial products particularly derivatives. They will work closely with cross-functional teams including the Front Office Operations and Technology to maintain accurate financial reporting implement process improvements and reduce manual interventions

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

Line of Business Specific Responsibilities:

• Ensure the accuracy and completeness of Treasury transactions in both the sub-ledger and general ledger maintaining strong data integrity.

• Build and maintain accounting matrices and schemas to support accurate ledger reporting
• Perform month-end and quarter-end close activities including managing ledger reconciliations and addressing any discrepancies
• Identify analyze and explain variances within the Treasury balance sheet providing insights into changes (e.g. significant shifts due to new products or large trades)
• Collaborate with other teams (Front Office Finance Credit Risk Legal Operations and Technology) to address system discrepancies and support daily transaction activities
• Actively participate in process automation and improvement initiatives including exploring the potential for robotics to reduce manual journal entries
• Support new product and entity rollouts including the necessary accounting and testing components to ensure accuracy in the financial reporting of these items

Required Qualifications:

• 2 years of experience working with financial products in the financial industry
• Ability to understand accounting specific to products supported
• Experience with Excel including formulas
• Experience with ledger and sub-ledger reconciliations
• Strong communication skills with the ability to interact effectively with diverse teams and stakeholders
• Ability to work independently and manage multiple priorities within tight deadlines
• High attention to detail with a proactive approach to identifying and resolving issues
• Collaborative mindset with an ability to engage cross-functionally and work closely with various departments

Desired Qualifications:

• Bachelors degree in Accounting Finance or Business

• SQL experience
• Experience with Treasury organizations

• Experience supporting business partners

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:

Hours Per Week: