Senior Product Associate - Business Finance Control

Bank of America • Charlotte, NC

1d • Onsite

About The Position

At Bank of America, the Senior Product Associate - Business Finance Control role is responsible for leading business analysis for a Line of Business (LOB). This involves 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 to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, establish infrastructure for new products, and approve ledger journal entries. Bank of America is committed to an in-office culture with specific requirements for office-based attendance, while also allowing for an appropriate level of flexibility based on role-specific considerations. The company aims to help make financial lives better through Responsible Growth, fostering an inclusive workplace, attracting and developing talent, and supporting teammates' physical, emotional, and financial wellness.

Requirements

• Minimum 2 years of experience
• Analytical Thinking
• Attention to Detail
• Financial Accounting
• Financial Management
• Reporting
• Business Analytics
• Data Quality Management
• Financial Processing
• Price Verification and Valuation
• Scenario Planning and Analysis
• Business Acumen
• Critical Thinking
• Influence
• Prioritization
• Problem Solving

Responsibilities

• Prepares and analyzes 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
• Supports the development of strategic and annual planning and implementation, performing profitability analysis, forecasting, and financial reporting for a product or general ledger account type
• Oversees a set of product(s) or general ledger account(s) and maintains financial responsibility, including accountability for accuracy of financial reporting for Profit and Loss (P&L) activities
• Partners closely with the front office, Operations, and Technology to define business finance processes and implement related technology solutions
• Supports delivering, designing, maintaining, and enhancing Value at Risk Back-Testing (VBT) data and Management Information System (MIS) processes that may impact multiple product control businesses
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed