BFC P&L Control Associate - Charlotte

Bank Of America Corporation Charlotte , NC 28201

Posted 3 months ago

Job Description:

Responsibilities include:

  • Managing a small team supporting a product subset within Mortgage BFC. Each subgroup within Mortgage BFC has 3 to 5 associates responsible for:

Analysis and verification of P/L and risk positions for the MBS trading desks.

Estimate trading P/L for trading desks based on daily market movements, explain differences to reported P/L

Communicate analysis to traders, Finance management, and other business partners.

  • Work with and provide oversight to analysts producing daily P/L to provide guidance on exceptions, complex transactions, and significant risk items.

  • Work with Trading and Technology groups to implement enhancements to current infrastructure.

  • Create tactical solutions to critical questions and enhancements.

  • Consult with various Finance analysts and drive the design and creation of tools used to support the business.

  • Utilizes thorough knowledge and understanding of product and trade life cycle flow.

  • Responsible for end to end daily P&L and B/S production processes.

  • Performs ledger closing of books during month end, posts journal entries, prepares and may review FOBO reconciliation between systems.

  • Coordinates and resolves any system discrepancies.

Required skills include:

  • Bachelor's Degree in related field required

  • 5+ years' experience with P/L and risk processes

  • Experience with applying risk factors to explain P/L movements

  • Exposure to a trading environment

  • Very strong Excel skills along with experience or training with R Studio/Alteryx/Python or Tableau.

  • The ability to analyze, reconcile, and interpret large amounts of data

  • Strong detail orientation

  • The ability to manage multiple priorities

  • Excellent time management and prioritization skills, with ability to meet tight deadlines.

  • Excellent communication skills across all levels

Desired Skills include:

  • Knowledge of mortgage back securities and accounting of financial instruments.
  • R-Studio; Python, Tableau, Alteryx, Fin Tech automation tools

1st shift (United States of America)

Hours Per Week:

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