What are the responsibilities and job description for the Business Financial Control Product Lead position at Hispanic Technology Executive Council?
Job Description:
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 a diverse and 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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for overseeing all aspects of the Finance functions for the business and serving as a key contact for the front office and senior management. Key responsibilities include applying knowledge of product(s), processes, and inherent risks for a product, business or function to analyze Profit and Loss (P&L) reports and balance sheets and approve ledger journal entries. Job expectations include delegating tasks to team, and building influential relationships.
Responsibilities:
Oversees and manages all aspects of the Finance functions for the business and serves as the key contact for the front office and senior management
Drives and guides the development of strategic and annual planning and implementation, profitability analysis, forecasting, and financial reporting for a product or general ledger account type
Approves 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
Leads a team that 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
Builds relationships with the front office, Operations, and Technology and partners to define business finance processes and implement related technology solutions
Leads various internal strategic initiatives and engagements including talent management and provides thought leadership to delegates
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals.
Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.
Required Qualifications:
Minimum 15 years of experience in product/ valuation controls
Minimum 5 years of experience supporting Securitized Products
Extensive Product Control experience within a Global Markets business
Experience directly managing people
Proven record of indirectly managing people by influence
Desired Qualifications:
Masters, CFA, MBA, and/or Accounting Qualification are all desired
Skills:
Analytical Thinking
Attention to Detail
Business Analytics
Financial Accounting
Financial Management
Data Quality Management
Price Verification and Valuation
Problem Solving
Reporting
Scenario Planning and Analysis
Business Acumen
Consulting
Critical Thinking
Influence
Prioritization
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)Pay and benefits informationPay range$150,000.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Salary : $150,000 - $200,000
