Business Financial Control Product Lead- Equity Derivatives

Bank of America • New York, NY

5d • $135,000 - $199,500 • Onsite

About The Position

The Business Financial Control Product Lead represents Finance in supporting Bank of America’s Global Equity Derivatives business in New York, including Flow, Exotic, and Structured Products. The role oversees the business’s Finance functions and serves as a key contact for the front office and senior management. It applies knowledge of financial products, processes, and associated risks to analyze P&L reports and balance sheets, validate postings and balances, and approve ledger journal entries and financial reporting.

The position provides strategic guidance and insight to the business, leads planning, profitability analysis, forecasting, and reporting, and partners with the front office, Operations, and Technology to define Finance processes and implement technology solutions. It also leads strategic initiatives, supports talent management, and creates structure for complex issues while delivering solutions aligned with the bank’s long-term goals. The role may include managing associates.

The schedule is first shift, 40 hours per week. The position is based at Two Bryant Park in New York, NY, and the posting describes Bank of America’s commitment to an in-office culture with role-specific flexibility. The annual salary range is $135,000–$199,500, with eligibility for an annual discretionary incentive plan and benefits.

Requirements

• Bachelor’s degree.
• At least 8 years of finance and/or accounting experience.
• At least 8 years of professional or demonstrated work experience within the financial services industry.
• Global Markets and derivatives experience.
• Proven leadership skills managing a team.
• Experience with Excel, VBA, and the Microsoft Office suite.
• Self-starter with strong leadership and organizational skills.

Nice To Haves

• Equity derivative product experience.
• Master’s degree or MBA.
• CFA, CPA, and/or an accounting qualification.

Responsibilities

• Oversee and manage all Finance functions for the business and serve as a key contact for the front office and senior management.
• Drive and guide strategic and annual planning, implementation, profitability analysis, forecasting, and financial reporting for products or general ledger account types.
• Approve balance sheets and P&L reports and validate product postings and balances using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies.
• Lead a team overseeing products or general ledger accounts and maintain financial responsibility, including accountability for accurate P&L reporting.
• Build relationships with the front office, Operations, and Technology; partner to define business finance processes and implement related technology solutions.
• Lead internal strategic initiatives and engagements, including talent management, and provide thought leadership to delegates.
• Oversee daily P&L and balance-sheet reporting and analysis, including capital, liquidity, and exposures.
• Review material new-deal documentation with Finance.
• Oversee financial disclosures and month-end adjustments; review and approve changes to valuation adjustments and reserves.
• Oversee price verification on a daily, weekly, and monthly basis.
• Prepare monthly and quarterly revenue commentary and manage key accounting, legal entity, regulatory, and P&L issues with the business.
• Model an inclusive environment for employees and clients.
• Promote operational excellence, process improvement, and data-based decision-making.
• Communicate enterprise decisions, purpose, results, and team priorities.
• Ensure risk discipline, controls, and a culture that identifies, escalates, and debates issues.
• Coach and provide feedback to employees, manage expenses and budgets, assess talent, and prioritize and delegate work to deliver business outcomes.

Benefits

• Industry-leading benefits.
• Access to paid time off.
• Annual discretionary incentive plan eligibility, with awards based on individual performance and behaviors, line-of-business and/or group contributions, and overall company success.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior