Bank of America AMRS Rates Business Finance & Control in New York, New York

Job Description:

The AMRS Rates Team in New York supports the Interest Rates Derivatives Business. This business serves our corporate, financial, and individual investor customers by offering a wide variety of interest rate products

Non-Linear Rates – Consists of a US Volatility Trading Desk, an Inflation Desk and a Structured Notes Desk. These desks provide clients access to various derivatives options and structured products for enhanced yield/capital growth performance through higher risk structured transactions in either OTC contracts or securitised products.

Core BF&C Function

  • Oversight on the official daily P&L explain and its provision for VaR backtesting.

  • Review of changes to daily balance sheet & substantiation to transactional activity.

  • Daily interaction with the Front Desk Trading desk and collaboration with other support teams

  • Oversight of trader T0 flashes and estimate to official T+1 P&L variances as business unit level.

  • Preparation monthly & quarterly revenue commentary to senior manager and regulator

  • Provide regular updates, analytics and commentary on Line of Business performance.

  • Participation in the New Product Review and Appropriation Request processes: modeling structures and process scenarios, review, and control.

  • Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.

  • Month end close, including Financial Disclosures and calculation and recording of netting entries

Valuation & IPV (Independent Price Verification) Functions

  • Monthly Independent Price verification on both Derivatives and securities positions.

  • 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)

Required Skills

  • BS/BA Degree required (Finance, Accounting preferred)

  • 5+ years of professional work experience within the financial services industry

  • Control focus, strong financial analytics experience, comfortable with complex products

  • Strong communication and presentation skills

  • Proven business partnering skills

  • Advanced experience skills with Excel and complex spreadsheet

Desired Skills

  • MBA, CPA, CFA, or other advanced certification

  • Fixed income or interest rate derivative experience preferred

  • Experience with Bloomberg, or Hyperion/Essbase/SAP

  • Macro, VBA or Python language is preferred

Posting Date : 03/12/2018

Location :

New York, NY, 250 VESEY ST (NY3004),

  • United States

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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