Senior Business Finance Control Product Associate - Treasury Finance; CFO

About Bank of America

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for leading business analysis for a Line of Business (LOB) by producing all financial reporting and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying knowledge and understanding of product(s), processes, and inherent risks of a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, establish infrastructure for new products, and approve ledger journal entries.

Individual contributor utilizing thorough knowledge and understanding of product, process and inherent risk to act as subject-matter expert for a product/business or function. Exposure to the Front Office and interaction with senior management required. Responsible for understanding daily P&L and B/S for the LOB including ledger closing of books during month end. Builds and enhances process controls as per standards. Supports project execution.

The Treasury Business Finance Control (BFC) team is responsible for ensuring the accuracy and completeness of Treasury activity across the bank’s ledgers, ensuring that all activity recorded in the Treasury sub-ledger accurately reflects transactions from various trading systems in the general ledger. This role plays a critical part in managing end-to-end ledger processes, month-end reconciliations, variance analysis, and key projects aimed at enhancing financial control within Treasury.

The ideal candidate will be highly analytical, detail-oriented, and possess a strong understanding of complex financial products, particularly derivatives. They will work closely with cross-functional teams, including the Front Office, Operations, and Technology, to maintain accurate financial reporting, implement process improvements, and reduce manual interventions.

• Prepares and analyzes balance sheets and Profit and Loss (P&L) reports and validates postings and balances for a product aligned to a Line of Business (LOB) using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies
• Supports the development of strategic and annual planning and implementation, performing profitability analysis, forecasting, and financial reporting for a product or general ledger account type
• Oversees a set of product(s) or general ledger account(s) and maintains financial responsibility, including accountability for accuracy of financial reporting for Profit and Loss (P&L) activities
• Partners closely with the front office, Operations, and Technology to define business finance processes and implement related technology solutions
• Supports delivering, designing, maintaining, and enhancing Value at Risk Back-Testing (VBT) data and Management Information System (MIS) processes that may impact multiple product control businesses
• Analyzes regulatory matters, such as the Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolutions Plans (RRP), to assess risk modeling practices within the bank

• Ensure the accuracy and completeness of Treasury transactions in both the sub-ledger and general ledger, maintaining strong data integrity.
• Build and…