Senior BFC P&L Control Associate - Charlotte Senior BFC P&L Control Associate - Charlotte …

Bank of America Merrill Lynch
in Charlotte, NC, United States
Permanent, Full time
Be the first to apply
Bank of America Merrill Lynch
in Charlotte, NC, United States
Permanent, Full time
Be the first to apply
Senior BFC P&L Control Associate - Charlotte
Job Description:

Responsibilities include:
  • 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:
  • Bachelor's 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 skills along with experience or training with R Studio/Alteryx/Python or Tableau.
  • 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:
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