Job Description

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview*
Business Finance and Control (BFC) sits within the CFO Org and is mainly responsible to ensure stron financial controls along with enabling the business. The Counterparty Portfolio Management (CPM) BFC supports the CPM business , which falls under Global Markets and specifically in the Global Market FICC division. The CPM business includes 1) XVA desk which is responsible for managing the counterparty credit and Funding risk( CVA/FVA) ; 2) Cross Asset Structured Notes - Central Funding Desk (CFD) responsible to centrally manage and own the various exotic structured notes issued by the bank and 3) Risk optimization group which consists of Collateral trade optimization(CTO) and Risk Opt desk.
The CPM BFC teams are responsible for assisting in Analysis & reporting of XVAs, CFD & Collateral PnL and ensuring integrity, completeness and accuracy of PnL data. Teams work closely with CPM front office desks and support them on various other initiatives to enable the business and ensure better controls.

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The CPM BFC teams are responsible for assisting in Analysis & reporting of XVAs, CFD & Collateral PnL and ensuring integrity, completeness and accuracy of PnL data. Teams work closely with CPM front office desks and support them on various other initiatives to enable the business and ensure better controls

Responsibilities*
Responsibilities for this role will initially require an associate to perform daily business as usual operations which entails running of PnL reports and interacting with various stakeholders such as Front office, Operations and technology support to refine existing processes. Also, individual will be accountable for the success of small projects or sections of larger ones & responsible for the quality and timeliness of all project deliverables.

CPM Daily P&L Review and validate daily inputs into PnL calculations
PnL report preparation and distribution/presentation
Trader Flash to Actual explain
New deal/activity analysis
Commentary and submission into Ledger
Front to Back reconciliations

Month-end submissions, Expected to Actual Analysis, Ledger Vs SubLedger
Control activities that support risk mitigation
Participate/Initiate PnL & Risk analysis in response to any market/regulatory event
Process Improvement Identify issues and control gaps in existing infrastructure
Work with technology team to streamline our processes and enhance data integrity and control
Education: Any Graduate
Industry: Banking

Skills Required