• Snapboard
  • Activity
  • Reports
  • Campaign
Welcome ,

Chat with the recruiter

...Minimize

Hey I'm Online! Leave me a message.
Let me know if you have any questions.

BFC Product Associate - Municipal Finance Group

In United States

Save this job

BFC Product Associate - Municipal Finance Group   

Click on the below icons to share this job to Linkedin, Twitter!

JOB TITLE:

BFC Product Associate - Municipal Finance Group

JOB TYPE:

JOB SKILLS:

JOB LOCATION:

New York, NY United States

JOB DESCRIPTION:

Client's commitment to Diversity and Inclusion statement

We're a culture that:

• Believes in responsible growth and has a proven dedication to supporting the communities we serve.
• Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.
• Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.
• Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax

Global Banking and Markets Finance strives to be a valued business partner to the company's trading, corporate and institutional banking businesses. Our first priority is to operate a series of key control processes to ensure the integrity of GBAM's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people.

Business Finance Officers/Control (BFO/BFC) Partners directly with our Front Office LOBs providing strategic guidance and insight; Performs the product control function to ensure the integrity of our financial results.

Team/Overview:

Muni Finance Group support the Municipal Markets and Banking business and are responsible for the control infrastructure for the broad arrange of products (Municipal bonds, Securitizations, Structured Municipal Financing, Credit/Rates Derivatives and Banking Products). Business Finance Controls Product Associate would be responsible for controls and business partnering as it relates to reporting of revenue, balance sheet, expenses, valuation and financial/regulatory disclosures.

Main Responsibilities

Responsible for directing the day-to-day finance activities for a business unit or associate area. Activities include strategic and annual planning and implementation, profitability analysis, forecasting and financial reporting. Manages partner relationships and associates.

 

Role Details

This role is to represent Finance in supporting the Municipal Banking and Markets. As BFC Product Associate, you will be expected to work and inspire team members, collaborate with the trading 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.

Responsibilities will include the following:

 

Daily P&L & Balance Sheet – Reporting & Oversight

 

  • Production and/or review of official daily P&L explain and its provision for VaR backtesting
  • Approval of daily sub-ledger P&L generated by Middle Office for reporting into Greensheets
  • Responsibility for daily management adjustments to P&L
  • Daily P&L reporting to local and regional management
  • Oversight of trader estimate to official T+1 P&L variances as business unit level
  • Preparation of daily P&L commentary and substantiation to market events
  • Review of material new deals
  • Review and approval of changes to valuation adjustments & reserves
  • Review of changes to daily balance sheet & substantiation to transactional activity

 

Core Financial Oversight Functions

 

  • Price verification (daily, weekly, monthly)
  • Validation of appropriate application and use of models for books & records
  • Monthly & quarterly revenue commentary
  • Maintaining/updating valuation adjustment & reserve policies
  • Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting
  • Determining and implementing appropriate accounting policies & procedures (with Accounting Policy)
  • Managing key accounting, legal entity, regulatory and P&L issues with the business
  • Month end close, including Financial Disclosures and calculation and recording of netting entries
  • Exercise of control oversight on behalf of the business
  • Participation in the New Product Review and Appropriation Request processes: modeling structures and process scenarios, review, and control
  • Contributing to Governance process, operational error reporting and support of other internal control process, including SOX
  • Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems

 

Required Skills

  • Bachelor's degree required
  • 2+ years of finance or fixed income products experience
  • Excel, VBA, and Microsoft office suite experience
  • Ability to act independently
  • Strong Excel skills. VBA and/or SQL skills a plus.
  • Is able to see the big picture, to identify non-optimal processes, to propose solutions and to implement them within timelines and cost constraints.
  • Ensures effective planning and execution of client deliverables on a timely basis

Position Details

POSTED:

Oct 04, 2022

EMPLOYMENT:

INDUSTRY:

SNAPRECRUIT ID:

S16542144337062448

LOCATION:

United States

CITY:

New York, NY

Job Origin:

OORWIN_ORGANIC_FEED

A job sourcing event
In Dallas Fort Worth
Aug 19, 2017 9am-6pm
All job seekers welcome!

BFC Product Associate - Municipal Finance Group    Apply

Click on the below icons to share this job to Linkedin, Twitter!

Client's commitment to Diversity and Inclusion statement

We're a culture that:

• Believes in responsible growth and has a proven dedication to supporting the communities we serve.
• Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.
• Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.
• Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax

Global Banking and Markets Finance strives to be a valued business partner to the company's trading, corporate and institutional banking businesses. Our first priority is to operate a series of key control processes to ensure the integrity of GBAM's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people.

Business Finance Officers/Control (BFO/BFC) Partners directly with our Front Office LOBs providing strategic guidance and insight; Performs the product control function to ensure the integrity of our financial results.

Team/Overview:

Muni Finance Group support the Municipal Markets and Banking business and are responsible for the control infrastructure for the broad arrange of products (Municipal bonds, Securitizations, Structured Municipal Financing, Credit/Rates Derivatives and Banking Products). Business Finance Controls Product Associate would be responsible for controls and business partnering as it relates to reporting of revenue, balance sheet, expenses, valuation and financial/regulatory disclosures.

Main Responsibilities

Responsible for directing the day-to-day finance activities for a business unit or associate area. Activities include strategic and annual planning and implementation, profitability analysis, forecasting and financial reporting. Manages partner relationships and associates.

 

Role Details

This role is to represent Finance in supporting the Municipal Banking and Markets. As BFC Product Associate, you will be expected to work and inspire team members, collaborate with the trading 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.

Responsibilities will include the following:

 

Daily P&L & Balance Sheet – Reporting & Oversight

 

  • Production and/or review of official daily P&L explain and its provision for VaR backtesting
  • Approval of daily sub-ledger P&L generated by Middle Office for reporting into Greensheets
  • Responsibility for daily management adjustments to P&L
  • Daily P&L reporting to local and regional management
  • Oversight of trader estimate to official T+1 P&L variances as business unit level
  • Preparation of daily P&L commentary and substantiation to market events
  • Review of material new deals
  • Review and approval of changes to valuation adjustments & reserves
  • Review of changes to daily balance sheet & substantiation to transactional activity

 

Core Financial Oversight Functions

 

  • Price verification (daily, weekly, monthly)
  • Validation of appropriate application and use of models for books & records
  • Monthly & quarterly revenue commentary
  • Maintaining/updating valuation adjustment & reserve policies
  • Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting
  • Determining and implementing appropriate accounting policies & procedures (with Accounting Policy)
  • Managing key accounting, legal entity, regulatory and P&L issues with the business
  • Month end close, including Financial Disclosures and calculation and recording of netting entries
  • Exercise of control oversight on behalf of the business
  • Participation in the New Product Review and Appropriation Request processes: modeling structures and process scenarios, review, and control
  • Contributing to Governance process, operational error reporting and support of other internal control process, including SOX
  • Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems

 

Required Skills

  • Bachelor's degree required
  • 2+ years of finance or fixed income products experience
  • Excel, VBA, and Microsoft office suite experience
  • Ability to act independently
  • Strong Excel skills. VBA and/or SQL skills a plus.
  • Is able to see the big picture, to identify non-optimal processes, to propose solutions and to implement them within timelines and cost constraints.
  • Ensures effective planning and execution of client deliverables on a timely basis


Please wait..!!