The Global Mortgages Structured Products (GMSP) Business Finance & Controls (BF&C) team is part of GBAM Finance and provides financial control over the mortgage trading line of business as part of the Fixed Income suite of products. The Charlotte BF&C group is responsible for the daily analysis, control and reporting of trading revenues for GMSP.
Analyst responsible for analysis and verification of P/L and risk positions for the RMBS trading desks. Estimate trading P/L for trading desks based on daily market movements, explain differences to reported P/L, and communicate analysis to traders, Finance management, and other business partners.
Work with analysts producing daily P/L to provide guidance on exceptions, complex transactions, and significant risk items.
Work with Trading and Technology groups to implement enhancements to current infrastructure.
Create tactical solutions to critical questions and enhancements.
Consult with various Finance analysts on design and creation of tools used to support the business.
Utilizes thorough knowledge and understanding of product and trade life cycle flow.
Responsible for end to end daily P&L and B/S production processes.
Performs ledger closing of books during month end, posts journal entries, prepares and may review FOBO reconciliation between systems.
Coordinates and resolves any system discrepancies.
Required skills include :
Bachelors Degree in related field required
Prior experience with P/L and risk processes
Experience with applying risk factors to explain P/L movements
Exposure to a trading environment
Very strong Excel/tech skills
The ability to analyze, reconcile, and interpret large amounts of data
Strong detail orientation
The ability to manage multiple priorities
Excellent time management and prioritization skills, with ability to meet tight deadlines.
Candidates must have the ability and willingness to continuously learn on the job, technical fluency, with ability to learn new systems quickly, ability to problem-solve and take ownership of process improvements, the ability to work in a fast paced environment.
Desired Skills include:
Knowledge of mortgage back securities and accounting of financial instruments.
R-Studio; Python, Tableau, Alteryx, Fin Tech automation tools
1st shift (United States of America)
Hours Per Week:
Internal Number: 21076646
About Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.