1+ months

BFC Product Associate

New York, NY 10176
BFC Product Associate



New York, New York



**Job Description:**



+ The US Equity Client Solutions Finance team in New York supports the Equity Derivatives Business. This business serves our corporate, financial, and individual investor customers by offering a wide variety of equity linked derivative products.



You will be expected to lead and collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank. An emphasis will be placed on extensive product knowledge as it relates to independent price testing of our derivative portfolio. More detailed characteristics you will be expected to display are described below.



**Responsibilities:**



Daily P&L & Balance Sheet Oversight



Complex derivative price testing (Call spreads, cliquets, vol/var swaps)



Production and/or review of official daily P&L explain and its provision for VaR backtesting



Responsibility for daily management adjustments to P&L



Daily P&L reporting to local and regional management



Review of material new deals



Review and approval of changes to valuation adjustments & reserves



Appropriately manages and mitigates operational risk



**Required Skills**



+ Bachelor Degree in Accounting/Finance

+ Strong financial analytics experience

+ Advanced experience/skills with Excel and complex spreadsheets

+ Candidate must be able to work both independently and as team member

+ Strong communication and presentation skills

+ Strong problem solving and analytical abilities (Excel/Essbase)



**Desired Skills**



+ CPA/CFA, or other advanced certification

+ 3-6 years of equity derivative product control

+ Experience with Bloomberg, or Hyperion/Essbase/SAP

+ Insight/Essbase experience

+ Product experience (equity derivatives specific)

+ Understanding of the Greeks

+ Experience with complex derivative price testing

+ Control focused, analytical, team oriented, comfortable with complex products



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-21007951



Manages People: No



Travel: No



Manager:



Talent Acquisition Contact:



Referral Bonus:

Industry

  • Banking / Finance
Posted: 2021-03-30 Expires: 2021-05-26

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At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.


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BFC Product Associate

Bank of America
New York, NY 10176

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