Senior BFC Product Associate
: Job Details :

Senior BFC Product Associate

New York, New York

**Job Description:**

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

**Job Description:**

The Senior BFC Product Associate will be responsible for supporting the end-to-end financial reporting processes for the Fixed Income, Currencies, and Commodities (FICC) business within the CFO organization. The role will involve daily Profit and Loss (P&L) reporting, balance sheet analysis, regulatory reporting, and risk management. You will collaborate with senior management, the front office, and various stakeholders to ensure accurate financial disclosures and regulatory compliance.

As a senior member of the team, the candidate will also be responsible for identifying and mitigating operational risks, streamlining processes, and leading key initiatives to enhance the financial reporting framework. The role will require a high degree of accuracy, attention to detail, and the ability to work in a fast-paced, dynamic environment.

**Key Responsibilities:**

- Daily P&L reporting for sales and trading activities.

- Balance sheet reporting and analysis, including quarterly regulatory disclosures.

- Journal entries and month-end close processes to ensure accurate books and records.

- Independent price verification and comparison against trader values.

- Engage with senior stakeholders and regulators on financial performance and risk assessments.

- Support ongoing projects to optimize financial reporting processes and mitigate operational risks.

- Contribute to system implementations, upgrades, and changes within multi-system environments.

- Ensure compliance with GAAP, internal controls, and regulatory requirements, including CCAR and RRP disclosures.

**Required Qualifications:**

- Bachelor's Degree in Accounting, Finance, or equivalent work experience.

- 7+ years of experience in financial analysis, product control, and risk management.

- Advanced Excel and financial modeling skills, with experience in analyzing complex financial data.

- Knowledge of financial products such as loans, bonds, derivatives, and equities.

- Strong understanding of GAAP, risk mitigation techniques, and regulatory requirements.

- Excellent communication, problem-solving, and presentation skills.

- Ability to work independently and as part of a team in a fast-paced environment.

**Desired Qualifications:**

- CPA or CFA certification.

- Prior experience in financial reporting for a trading business or within a CFO organization.

- Familiarity with FICC products and trading desk operations.

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

**Pay Transparency details**

US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)

Pay and benefits information

Pay range

$105,000.00 - $153,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

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.

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 ( .

To view the EEO is the Law Supplement, CLICK HERE ( .

View the LA County Fair Chance Ordinance ( .

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 .

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.