Business Finance & Control Product Associate (Global Mortgages and Securitized Products) - Military Veterans

at Bank of America

New York, New York

Job Description:

The proposed Business Finance and Controller ("BFC") role will support daily control functions for the Origination& Lendingdeskwithin the Global Mortgages and Securitized Products (GMSP) line of business.Coverage will span across multipleproducts including asset backed lending, commercial real estate securitization and Wholesale Lending to non-bank originators. Main responsibilities of the Product Controller can include:
(1) Daily Balance Sheet analysis and commentary, P&L substantiation to market events, significant transaction review
(2) Monthly close functions, processing of journal entries, accounting adjustments, reconciliations, reserve and valuation adjustment calculations
(3) Partner with Trading Desk, Trade Support, Operations, ECM and other partners on business support including new product review, accounting assessment, issue resolution
(4) Quarterly management and regulatory reporting including fair value disclosures,revenue/balance sheet variance commentary
(5) Sarbanes-Oxley related control activities and coordination
(6) Volcker/Capital related validation activities such as Volcker balance sheet review, validation of Volcker and Capital attributes for books to ensure compliance with enterprise guidelines
(7) Working on initiatives to simplify/automate manual processes

Required Skills:
  • Bachelor Degree (Accounting/Finance preferred)
  • 1-2 years financial industry/banking experience (Product Control background preferred)
  • Advanced experience/skills with Excel and complex spreadsheets
  • Strong financial analytics experience
  • Candidate must be able to work both independently and as team member
  • Strong communication and problem solving abilities

Desired Skills:
  • Experience with Oracle/eLedger queries and general ledger postings


Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
2000
--> Job Description:

The proposed Business Finance and Controller ("BFC") role will support daily control functions for the Origination& Lendingdeskwithin the Global Mortgages and Securitized Products (GMSP) line of business.Coverage will span across multipleproducts including asset backed lending, commercial real estate securitization and Wholesale Lending to non-bank originators. Main responsibilities of the Product Controller can include:
(1) Daily Balance Sheet analysis and commentary, P&L substantiation to market events, significant transaction review
(2) Monthly close functions, processing of journal entries, accounting adjustments, reconciliations, reserve and valuation adjustment calculations
(3) Partner with Trading Desk, Trade Support, Operations, ECM and other partners on business support including new product review, accounting assessment, issue resolution
(4) Quarterly management and regulatory reporting including fair value disclosures,revenue/balance sheet variance commentary
(5) Sarbanes-Oxley related control activities and coordination
(6) Volcker/Capital related validation activities such as Volcker balance sheet review, validation of Volcker and Capital attributes for books to ensure compliance with enterprise guidelines
(7) Working on initiatives to simplify/automate manual processes

Required Skills:
  • Bachelor Degree (Accounting/Finance preferred)
  • 1-2 years financial industry/banking experience (Product Control background preferred)
  • Advanced experience/skills with Excel and complex spreadsheets
  • Strong financial analytics experience
  • Candidate must be able to work both independently and as team member
  • Strong communication and problem solving abilities

Desired Skills:
  • Experience with Oracle/eLedger queries and general ledger postings


Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
2000
Job Description:

The proposed Business Finance and Controller ("BFC") role will support daily control functions for the Origination& Lendingdeskwithin the Global Mortgages and Securitized Products (GMSP) line of business.Coverage will span across multipleproducts including asset backed lending, commercial real estate securitization and Wholesale Lending to non-bank originators. Main responsibilities of the Product Controller can include:
(1) Daily Balance Sheet analysis and commentary, P&L substantiation to market events, significant transaction review
(2) Monthly close functions, processing of journal entries, accounting adjustments, reconciliations, reserve and valuation adjustment calculations
(3) Partner with Trading Desk, Trade Support, Operations, ECM and other partners on business support including new product review, accounting assessment, issue resolution
(4) Quarterly management and regulatory reporting including fair value disclosures,revenue/balance sheet variance commentary
(5) Sarbanes-Oxley related control activities and coordination
(6) Volcker/Capital related validation activities such as Volcker balance sheet review, validation of Volcker and Capital attributes for books to ensure compliance with enterprise guidelines
(7) Working on initiatives to simplify/automate manual processes

Required Skills:
  • Bachelor Degree (Accounting/Finance preferred)
  • 1-2 years financial industry/banking experience (Product Control background preferred)
  • Advanced experience/skills with Excel and complex spreadsheets
  • Strong financial analytics experience
  • Candidate must be able to work both independently and as team member
  • Strong communication and problem solving abilities

Desired Skills:
  • Experience with Oracle/eLedger queries and general ledger postings


Shift:
1st shift (United States of America)

Hours Per Week:
40
Learn more about this role

New York, New York

You’ve led troops, now help lead your community 

As a leader in the military, you motivated troops to get the job done. We value your ability to influence change and encourage you to continue that influence here and in our communities. Our Military Affairs Team proudly supports veterans in our communities through education and volunteer events. Together, we can create better communities and a brighter future for us all. 

First you fought for the American dream, now you can guide its future

You joined the military to protect a nation and its people. Let the same passion for making a difference lead you to a new career. At Bank of America, we’re proud that more than 6,800 veterans work for us. They’ve discovered that their desire to help others didn’t end with their service. Here, you’ll help our customers and clients connect to better financial lives.

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