Product Associate - Business Finance Control
About The Position
At Bank of America, the Product Associate supports business analysis for a Line of Business by producing financial reporting and disclosures in partnership with senior management, the front office, and other business stakeholders. The role applies knowledge of products, processes, and inherent risks to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, assist with regulatory matters analysis, perform critical testing and calculations, establish infrastructure for new products, and approve ledger journal entries. The position supports financial reporting and month-end close, planning and profitability analysis, and the development of business finance processes and technology solutions. It also analyzes regulatory matters such as CCAR and Recovery and Resolutions Plans to assess risk-modeling practices. The role is based at Two Bryant Park in New York, follows a first shift, and is listed as 40 hours per week.
Requirements
- 2–5 years of experience in Finance, Data, FP&A, or a related industry.
- Experience in financial reporting, risk, product control, or regulatory reporting.
- Ability to quickly learn complex processes and tools with a process-improvement mindset.
- Strong organization, attention to detail, and time-management skills.
- Advanced Excel skills.
- Strong written and verbal communication skills.
- Ability to manage multiple priorities and work independently.
Nice To Haves
- Bachelor’s degree in Finance, Accounting, Economics, Mathematics, or a related field.
- Understanding of or experience with SAP, eLedger, or EPM.
- Exposure to Alteryx or other data-management and automation tools, such as Power Query, Tableau, or SQL.
- 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.
Responsibilities
- Support preparation and analysis of balance sheets and P&L reports, and validate postings and balances for a product aligned to a Line of Business using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies.
- Perform month-end close and financial reporting, critical testing and calculations, and periodic analysis.
- Assist in developing and implementing strategic and annual planning efforts, and perform profitability analysis, forecasting, and financial reporting for a product or general ledger account type.
- Partner with the front office, Operations, and Technology to help define business finance processes and implement related technology solutions.
- Analyze regulatory matters, including CCAR and Recovery and Resolutions Plans, to assess the bank’s risk-modeling practices.
Benefits
- Industry-leading benefits.
- Access to paid time off.
- Resources and support for employees.
- Eligibility to participate in the annual discretionary incentive plan, with awards based on individual performance and behaviors, line-of-business or group performance and contributions, and overall company success.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
