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About the Role
This role represents Finance in supporting the Global Equity Derivatives business, requiring strong leadership to influence team members, collaborate with the desk and business partners, structure complex issues, and deliver solutions aligned with the bank's strategic goals. The Chief Financial Officer (CFO) Group is responsible for the overall financial management of the company, including accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments, and tax. Global Banking and Markets Finance aims to be a valued business partner to the company's trading, corporate, and institutional banking businesses, prioritizing key control processes to ensure the integrity of financial results and offering performance insights to business leaders.
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
- Daily P&L & Balance Sheet – Reporting & Oversight, Balance sheet analysis (capital, liquidity, exposures, etc.)
- Review with finance documentation of material new deals
- Oversight of financial disclosures and month end adjustments and review with approval of changes to valuation adjustments & reserves
- Price verification (daily, weekly, monthly), monthly /quarterly revenue commentary and managing key accounting and legal entity, regulatory and P&L issues with the business
- Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
- Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data-based decision making and continuous improvement.
- Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
- Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
- Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
- Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
- Assesses talent and builds bench strength for roles across the organization.
- Delivers results by effectively prioritizing, inspecting and appropriately delegating teamwork.
Requirements
- Bachelor's degree required
- 8+ years of finance and/or accounting experience
- 8+ years of professional/demonstrated work experience within financial services industry.
- Global Markets and derivatives experience
- Proven Leadership skills managing a team
- Excel, VBA, and Microsoft office suite experience
- Self-starters with strong leadership and organization skills
- Equity Derivative product experience
- Masters or MBA
- CFA, CPA and/or Accounting Qualification
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
Location
- New York
Work Type
- Full-time
Experience Level
- 8+ years of finance and/or accounting experience
- 8+ years of professional/demonstrated work experience within financial services industry.
Education Level
- Bachelor's degree
- Masters or MBA
- CFA, CPA and/or Accounting Qualification
Salary/Compensations
- $135,000.00 - $199,500.00 annualized salary
Benefits
- Discretionary incentive eligible
- 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.
- 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.
About the Company
- 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 and providing a culture of caring is core to how we drive Responsible Growth.
- We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success.
- This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
- We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences.
- These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
- Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.
- Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
- At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.
- Join us!