Product Lead- Business Finance Controls Counterparty Portfolio Management - XVA End User
Company: Bank of America
Location: New York City
Posted on: April 1, 2026
|
|
|
Job Description:
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 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! 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 aspects of the Finance
functions for the business and serves as a 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 Overseas Independent Price Verification and
Prudential Valuation 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 1 0 years of experience in product/
valuation controls Minimum 5 years of experience supporting
derivatives and/or XVAs Desired Independent Price Verification
experience 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: 40 Pay Transparency details US - NY - New
York - 1100 Ave Of The Americas - Two Bryant Park (NY1540) Pay and
benefits information Pay range $150,000.00 - $195,100.00 annualized
salary, offers to be determined based on experience, education and
skill set. Discretionary incentive eligible This 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. Benefits This 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.
Keywords: Bank of America, Freeport , Product Lead- Business Finance Controls Counterparty Portfolio Management - XVA End User, Accounting, Auditing , New York City, New York
