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