Job Description

Your background . Bachelor's degree. Accounting, Finance, Mathematics major preferred. MBA, CFA, CPA preferred. . Over 5 years work experience in Financial Market. Securities, Derivatives, FX produc Your background . Bachelor's degree. Accounting, Finance, Mathematics major preferred. MBA, CFA, CPA preferred. . Over 5 years work experience in Financial Market. Securities, Derivatives, FX products preferred. . Good working knowledge of accounting concepts. Valuation experience preferred. . Control focused, strong analytical, team oriented, attention to detail, self-driven . Comfortable working in a fast paced environment . Strong communication both verbal and written . Strong Excel skills with ability to build and use spreadsheets What you can expect The APAC FICC team carries out the Business Finance and Control (BFC) function in support of the regional LOB trading businesses primarily in Emerging Markets, Global Foreign Exchange, Credit and Rates. The BFC core responsibilities include but not limited to the following functions: . P&L review and analysis . Financial data analysis including Balance sheet, Expenses, Funding and Capital costs. . Significant transaction review and substantiation . Oversight on P&L production and month end close . Valuation controls including Independent price verification and Valuation adjustment calculations . Provide guidance and insight based on the Financial data to Business to deliver responsible growth . Assist Business partners in their responsibility for valuation control with independent challenges . Understand end to end process and constantly challenge status quo for continuous improvements of control and efficiency . Regulatory reporting and Financial disclosures to meet the U.S and local regulatory requirements . Embrace control and governance . Partner with Front Office, Technology, Risk Managers, Operations and Compliance to deliver sustainable strategic solution Our vision is to be credible business advisors, flawless at the basics, and relentless focus on operational excellence and controls. The business is constantly evolving and moving into new markets and products. Business Finance & Control plays a key role in enabling business activity in a robust control environment. You will be actively encouraged to develop close working relationships with the business and other key stakeholders i.e. Market Risk, Legal Entity Controllers, Accounting Policy, Operations, Audit, Tax, Treasury, Technology. You will be expected to lead and inspire team members, collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank. Products covered include Bonds, Swaps, FX, Funding trades etc. More detailed characteristics you will be expected to display are described below. What you will do P&L Reporting/Analysis . Analyze P&L drivers and provide comprehensive commentary with market insight . Understand significant P&L drivers e.g. market changes, new deals, book remarks, reserves etc. . Provide guidance to the India team in relation to P&L production and front to back reconciliation . Complete month-end financial close, P&L and balance sheet . Review and analyze P&L and balance sheet at each legal entity level Balance Sheet Reporting . Overview of daily balance sheet, ensure accurate and timely reporting including analytical review on significant movements and balances . Decomposition of balance sheet for the business, identify opportunities to reduce adjusted assets . Ensure accuracy of balance sheet by the month end close deadline . Ensure all balance sheet accounts are reconciled and substantiated. . Ensure all adjustments are properly documented and appropriately authorized . Ensure validity of allocated/attributed balances as well as funding charges Operational Effectiveness . Lead and drive team initiatives, including automation and process enhancement. . Retain detailed comprehensive quality procedure documents . Always challenge the status quo and asking the 'why' questions. . Ensure all front to back breaks are understood and escalated in accordance with standards . Ensure a strategic solution is being sought for all manual processes . Accurate analysis on the root cause of the data issues to place a strategic remediation. New Product Development . Review and sign off New Product Review. Work with Finance stakeholders including Legal entity Finance, Capital, Accounting Policy and Regulatory Reporting, to ensure readiness to support the product from overall Finance perspective. Collaborate with Technology and Operations where a system / process change is required. Valuation Control . Perform independent price testing to ensure fair value accounting. Analyze material variances and post valuation adjustment where needed before month end close deadline, Business Day 3. . Calculate/validate valuation adjustments. Analyze and substantiate significant balance movement . Partner with Business to obtain market insight, independently assess information provided by Business and collaborate with Global Valuation Group for in-depth understanding of valuation methodology to derive conclusion. Business Partnering . Advise on various elements such as accounting, funding and capital that impact business performance . Regular price review meeting, escalate issues, discuss remediation and track closure . Provide guidance and insight based on Financial data analysis to support strategic growth . Challenge and influence to deliver responsible growth About Bank of America Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading. Connecting Asia Pacific to the world Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.