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This role is to represent Finance in supporting the Global Commodities business in NY, which includes Oil, Power, Gas, and Index products. You will be expected to influence team members, collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank.
Responsibilities will include the following:
Daily P&L & Balance Sheet - Reporting & Oversight
Production and/or review of official daily P&L explain and its provision for VaR backtesting
Approval of daily sub-ledger P&L generated by Middle Office for reporting into Greensheets
Responsibility for daily management adjustments to P&L
Daily P&L reporting to local and regional management
Oversight of trader estimate to official T+1 P&L variances as business unit level
Preparation of daily P&L commentary and substantiation to market events
Review of material new deals
Review and approval of changes to valuation adjustments & reserves
Review of changes to daily balance sheet & substantiation to transactional activity
Core Financial Oversight Functions
Price verification (daily, weekly, monthly)
Validation of appropriate application and use of models for books & records
Managing key accounting, legal entity, regulatory and P&L issues with the business
Month end close, including Financial Disclosures and calculation and recording of netting entries
Exercise of control oversight on behalf of the business
Participation in the New Product Review and Appropriation Request processes: modeling structures and process scenarios, review, and control
Contributing to Governance process, operational error reporting and support of other internal control process, including SOX
Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems
Bachelor's degree required
7+ years of Finance, Accounting, or Commodities experience
Excel, VBA, and Microsoft office suite experience
Ability to act independently
1st shift (United States of America)
Hours Per Week:
Internal Number: 21021954
About Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.