Bank of America · 3 months ago
GFX Sr. Business Financial Control Product Associate (CFO)
New York
Full-time
Onsite
Senior Level
$100K/yr - $154K/yr
5+ years expBank of America is committed to making financial lives better through every connection. The GFX Sr. Business Financial Control Product Associate will lead business analysis for a Line of Business by producing financial reporting and disclosures, partnering with senior management, and ensuring the integrity of financial results.
Asset ManagementBankingFinanceFinancial ServicesFinTech
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
Oversight on the official daily P&L explain, P&L substantiation to market events, significant transaction review and its provision for VaR backtesting and other downstream
Monthly Independent Price verification on both Derivatives and securities positions. Have a basic understanding and knowledge of financial models
Calculation of the Valuation adjustment – Validation of appropriate application and use of models for books & records
Maintaining/updating valuation adjustment & IPV Desk Level Procedures (DLP)
Preparation monthly & quarterly revenue and balance sheet commentary to senior managers and regulators
Regulatory capital disclosures, Price Testing, Sector analysis, Stress Test and Forecasting
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
Partner with Trading Desk, Trade Support, Operations, ECM and other partners on business support including new product review, accounting assessment, issue resolution
Coordination of the monthly close process and quarterly financial reporting requirements
Working on initiatives to simplify/automate manual processes
Qualification
Required
5+ years hands on experience in Product Control or Finance group
BS/BA Degree required (Finance, Accounting preferred)
Global Markets experience
Global Rates market knowledge – familiarity with a broad range of asset classes
Derivatives product and valuation knowledge – consisting of technical expertise of models used to reprice complex transactions
Advanced experience skills with Excel and complex spreadsheets
Control focused, analytical, team oriented, comfortable with complex products
Excellent organizational, communication, and relationship management skill
Proven analytical skills including data reconciliation and interpretation
Ability to identify and deliver process improvements
Good business partnering skills
Preferred
Fixed income or derivative experience
Inquisitive, willing to challenge the status quo and strive to improve processes
Benefits
Discretionary incentive eligible
This role is currently benefits eligible.
We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Company
Bank of America
Bank of America is a financial institution that offers credit cards, home loans, and auto loan services.
10001+ employees
H1B Sponsorship
Bank of America has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (780)
2024 (546)
2023 (590)
2022 (759)
2021 (715)
2020 (931)
Funding
Current Stage
Public CompanyTotal Funding
$3.59BKey Investors
Berkshire Hathaway
2025-02-20Post Ipo Debt· $386.79M
2024-11-26Post Ipo Debt· $2B
2020-07-28Post Ipo Equity· $400M
Leadership Team
Charissa Messer
Senior Vice President, Creative Agency Executive (Enterprise Creative Solutions)
Rami Salem
SVP Strategic Competitive Intelligence
Recent News
2026-01-11
2026-01-11
Company data provided by crunchbase