10 hours

SFA- Financial Control CPM (Cap. Markets)

Bank of America
New York, NY
  • Job Code
Company Bank of America

Job Title SFA- Financial Control CPM (Cap. Markets)

Jobid bankofamerica-17077509NewYorkNY

Location: New York, NY, 10176, USA

Description **Job Description:**

The Counterparty Portfolio Management (CPM) finance team is part of the GBAM CFO organization. The CPM desk manages XVA on Global Markets derivative portfolio, this consist of CVA (counterparty credit), DVA (own credit), FVA (funding), KVA (capital), and any other related future pricing components on the derivative portfolio. This role involves assisting the business in implementation of new initiatives/projects related to valuation/pricing of XVA components. Position includes review of upcoming regulatory changes (UMR, FRTB, etc) and market practice changes (migration to central clearing, etc) as they impact derivative valuation and revenue recognition.

The primary focus of our team is to

1) review valuations and perform price testing on XVA portfolio

2) review and analyze the P&L and risk drivers

3) review the month end close and perform quarterly disclosures related to XVA

4) determine revenue recognition and new deal analysis along with interacting with other finance groups to understand XVA impact on new deals

Our business partners include the XVA trading desk. Key priorities for our team are ensuring the financial controls are in place for the XVA trading desk, provide feedback to the desk on price testing, valuation adjustments and daily, weekly and monthly PnL events, review the effectiveness of hedging and reviewing impact on new deals. The teammate in this role will see firsthand how current and future market and regulatory changes impact derivative pricing and valuations. In addition, the individual will actively involved in discussions/process of XVA valuation changes in a dynamic environment

The candidate will work within the XVA Product Control team and will need to build a strong relationship with the business and other support functions. Strong communication skills, and a technical background in Global markets trading businesses, preferably XVA related.

The role will include the following:

+ Assist in the production of Daily, Weekly and Monthly P&L reports

+ Assist in the production of monthly price testing/valuation reports

+ Engage in various Front Office driven initiatives

+ Participate in the monthly and quarterly close process

+ Partner closely with Front Office, Operations and Technology to define business processes and implement related technology solutions.

+ Candidate will be involved with complex issues that impact multiple lines of business.

+ Communication skills will be heavily utilized through working with the many stakeholders involved with implementation

+ Risk and Issue identification, Management, and resolution.

**Required Skills:**

+ Expert Excel knowledge, financial products knowledge, accounting knowledge, the ability to analyze, reconcile, and interpret large amounts of data, strong detail orientation, the ability to manage multiple priorities and multi task, excellent time management and prioritization skills, with ability to meet tight deadlines.

+ BA/BS Degree Finance and/or Accounting.

+ Comfort working with complex Financial Products.

+ 2-5 years of experience with CPM

+ 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.

+ Ability to work in a team environment, the ability to adapt and take ownership of change, and have excellent verbal and written communication skills with ability to communicate with various stakeholders.

**Desired Skills:**

+ SAP/eLedger

+ Modeling, Data Manipulation

**Posting Date** : 11/29/2017

**Location** :

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

- United States

**Travel** : No

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

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SFA- Financial Control CPM (Cap. Markets)

Bank of America
New York, NY

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SFA- Financial Control CPM (Cap. Markets)

Bank of America
New York, NY

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