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BFC Product Associate - Central Funding Desk, New York, New York

Created 05/04/2021
Reference 21023376
Category Finance
Job type Full Time
Country United States
State New York
City New York
Zip 10001
Salary Competitive
Job Description:

Overview of Area
The Central Funding Desk is a global desk operating out of AMRS, EMEA and APAC. The business facilitates both the issuance of Bank of America Structured Notes (Primary) and provides a market making facility (Secondary) for both BAC and Non BAC issued paper. The business is presently supported by a finance team operating in 4 locations both in the US and abroad. This business serves both Institutional and Retail investors by offering a wide variety of structured note products in rates, fx, commodities, credit and equities.

Key Responsibilities
  • Substantiate the official daily P&L explain for one (or multiple asset classes). Oversight of trader T0 flashes and estimate to official T+1 P&L variances as business unit level.
  • Daily Pnl production for one (or more) primary or secondary trading portfolios.
  • Preparation monthly & quarterly revenue commentary to senior management and regulators.
  • Review of changes to daily balance sheet & substantiation to transactional activity.
  • Daily interaction with the Front Office Trading desk and collaboration with other support teams.
  • Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.
  • Month end close, including Financial Disclosures, reconciliations and journal entries.
  • Quarterly disclosures (Fair Value, Statement of Cash Flow, FRY-9, etc).
  • Preparation of the daily/monthly/quarterly management reporting for senior manager.
  • Various strategic initiative participation and engagement.
  • Production and analysis of monthly Valuation Adjustments and Independent Pricing.

1st shift (United States of America)

Hours Per Week:
Learn more about this role
Employer Bank of America

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