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BFC Product Associate

BFC Product Associate

Charlotte, North Carolina

**Job Description:**

Business Finance Control (BFC) role with a specialty in Capital Markets

The Corporate Treasury Finance team is part of the Chief Financial Officer organization and performs the finance function for Corporate Treasury. The team provides end-to-end finance support for the corporation’s ALM portfolio which includes Debt Securities, Residential Mortgages, and various derivatives used to manage the company’s interest rate risk. Additionally, the team provides finance support for other treasury activities including BOLI and hedging of non-qualified deferred compensation.

This position will specifically focus on various types of debt securities and tracking of performance of hedging programs. Responsibilities include new product approval and setup, daily review of portfolio results, management and investor relations reporting, forecast analysis and ad-hoc trade analysis in support of treasury activities. Business partners include the Chief Investment Officer (CIO) team, Balance Sheet Management, Capital, Consumer Finance, Enterprise Stress Testing and Accounting Policy.

Associate in this role will be responsible for the following:

+ Monthly and Quarterly analysis of portfolio trends, modeling results and market variables used in forecasting process

+ Balance Sheet and Income Statement forecasting (baseline, stress testing, and short-term estimate to actual tracking)

+ Drive process improvement initiatives to streamline reporting and forecasting process

+ Price testing for debt securities

**Required Skills:**

+ This role will require direct communication with business partners and senior management. The ideal candidate should possess excellent communication skills and be comfortable presenting at various levels of the organization

+ Working knowledge of SQL and advanced Excel skills - the team leverages data warehouses which require working knowledge of SQL and working with large amounts of data in Excel. Ideal candidate is expected to use advanced Excel functions and create executive level summary reports

+ 1-3 years of financial support experience

+ 4 year degree in Finance or Accounting - or related work experience

+ Data analysis and reporting experience

**Desired Skills:**

+ CFA or CPA preferred

**Job Band:**

H5

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

**Weekly Schedule:**

**Referral Bonus Amount:**

2000

**Job Description:**

Business Finance Control (BFC) role with a specialty in Capital Markets

The Corporate Treasury Finance team is part of the Chief Financial Officer organization and performs the finance function for Corporate Treasury. The team provides end-to-end finance support for the corporation’s ALM portfolio which includes Debt Securities, Residential Mortgages, and various derivatives used to manage the company’s interest rate risk. Additionally, the team provides finance support for other treasury activities including BOLI and hedging of non-qualified deferred compensation.

This position will specifically focus on various types of debt securities and tracking of performance of hedging programs. Responsibilities include new product approval and setup, daily review of portfolio results, management and investor relations reporting, forecast analysis and ad-hoc trade analysis in support of treasury activities. Business partners include the Chief Investment Officer (CIO) team, Balance Sheet Management, Capital, Consumer Finance, Enterprise Stress Testing and Accounting Policy.

Associate in this role will be responsible for the following:

+ Monthly and Quarterly analysis of portfolio trends, modeling results and market variables used in forecasting process

+ Balance Sheet and Income Statement forecasting (baseline, stress testing, and short-term estimate to actual tracking)

+ Drive process improvement initiatives to streamline reporting and forecasting process

+ Price testing for debt securities

**Required Skills:**

+ This role will require direct communication with business partners and senior management. The ideal candidate should possess excellent communication skills and be comfortable presenting at various levels of the organization

+ Working knowledge of SQL and advanced Excel skills - the team leverages data warehouses which require working knowledge of SQL and working with large amounts of data in Excel. Ideal candidate is expected to use advanced Excel functions and create executive level summary reports

+ 1-3 years of financial support experience

+ 4 year degree in Finance or Accounting - or related work experience

+ Data analysis and reporting experience

**Desired Skills:**

+ CFA or CPA preferred

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

Learn more about this role

Full time

JR-22078660

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Pam Birlet

Referral Bonus:

2000

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

BFC Product Associate

Full time
Charlotte, NC

Published on 09/17/2022

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