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Sr. BFC Product Associate, CFO Group, GBAM Finance, XVA Finance

In United States

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Sr. BFC Product Associate, CFO Group, GBAM Finance, XVA Finance   

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JOB TITLE:

Sr. BFC Product Associate, CFO Group, GBAM Finance, XVA Finance

JOB TYPE:

JOB SKILLS:

JOB LOCATION:

New York, NY United States

JOB DESCRIPTION:

  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: The XVA Desk is a global desk . The business risk manages CVA (credit Valuation Adjustment) and FVA (Funding Valuation Adjustment). The business is presently supported by a finance team operating in multiple locations both in the US and abroad. The XVA Desk is a global desk . The business risk manages CVA (credit Valuation Adjustment) and FVA (Funding Valuation Adjustment). The business is presently supported by a finance team operating in multiple locations both in the US and abroad.   Key Responsibilities: Prepare and Substantiate the official daily P&L explain for one (or multiple asset classes). Oversight of trader T0 flashes and estimate to official T+1 P&L variances as business unit level Daily Pnl production for one (or more) primary or secondary trading portfolios Preparation monthly & quarterly revenue commentary to senior management and regulators Review of changes to daily balance sheet & substantiation to transactional activity Daily interaction with the Front Office Trading desk and collaboration with other support teams Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting Month end close, including Financial Disclosures, reconciliations and journal entries Quarterly disclosures (Fair Value, Statement of Cash Flow, FRY-9, etc) Preparation of the daily/monthly/quarterly management reporting for senior manager Various strategic initiative participation and engagement Production and analysis of monthly Valuation Adjustments and Independent Pricing   Required Skills: BS / BA Degree Required - (Accounting, Finance, or Economics preferred) Accounting knowledge and experience is a must with strong financial products knowledge as well as familiarity with disclosures requirements commons to derivatives and supervisory experience. 6- years of professional/demonstrated work experience within financial services industry An understanding of the issues, risks and drivers of a Global Banking Markets business SAP/eLedger or relatable general ledger systems Advanced in Microsoft Office suite of products with emphasis on strong Excel (macros, pivot tables, etc), and PowerPoint skills Comfortable interacting with Senior Management and Finance teams throughout the organization Able to manage and mentor financial professionals Independent learner and thinker, Initiative, Insight, leadership skills Maintains an up-to-date perspective and knowledge of the business Experience in qualitative and quantitative data collection, financial modeling, and analysis Demonstrated financial acumen with analytical and problem solving skills Proven ability to communicate, partner and influence across a matrix organization Highly organized, detail oriented, proactive, and ability to multitask Desired Skills: MBA / CPA / CFA FASB / SEC Exposure

Position Details

POSTED:

Dec 03, 2022

EMPLOYMENT:

INDUSTRY:

SNAPRECRUIT ID:

S16582752801997869

LOCATION:

United States

CITY:

New York, NY

Job Origin:

OORWIN_ORGANIC_FEED

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Aug 19, 2017 9am-6pm
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Sr. BFC Product Associate, CFO Group, GBAM Finance, XVA Finance    Apply

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  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: The XVA Desk is a global desk . The business risk manages CVA (credit Valuation Adjustment) and FVA (Funding Valuation Adjustment). The business is presently supported by a finance team operating in multiple locations both in the US and abroad. The XVA Desk is a global desk . The business risk manages CVA (credit Valuation Adjustment) and FVA (Funding Valuation Adjustment). The business is presently supported by a finance team operating in multiple locations both in the US and abroad.   Key Responsibilities: Prepare and Substantiate the official daily P&L explain for one (or multiple asset classes). Oversight of trader T0 flashes and estimate to official T+1 P&L variances as business unit level Daily Pnl production for one (or more) primary or secondary trading portfolios Preparation monthly & quarterly revenue commentary to senior management and regulators Review of changes to daily balance sheet & substantiation to transactional activity Daily interaction with the Front Office Trading desk and collaboration with other support teams Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting Month end close, including Financial Disclosures, reconciliations and journal entries Quarterly disclosures (Fair Value, Statement of Cash Flow, FRY-9, etc) Preparation of the daily/monthly/quarterly management reporting for senior manager Various strategic initiative participation and engagement Production and analysis of monthly Valuation Adjustments and Independent Pricing   Required Skills: BS / BA Degree Required - (Accounting, Finance, or Economics preferred) Accounting knowledge and experience is a must with strong financial products knowledge as well as familiarity with disclosures requirements commons to derivatives and supervisory experience. 6- years of professional/demonstrated work experience within financial services industry An understanding of the issues, risks and drivers of a Global Banking Markets business SAP/eLedger or relatable general ledger systems Advanced in Microsoft Office suite of products with emphasis on strong Excel (macros, pivot tables, etc), and PowerPoint skills Comfortable interacting with Senior Management and Finance teams throughout the organization Able to manage and mentor financial professionals Independent learner and thinker, Initiative, Insight, leadership skills Maintains an up-to-date perspective and knowledge of the business Experience in qualitative and quantitative data collection, financial modeling, and analysis Demonstrated financial acumen with analytical and problem solving skills Proven ability to communicate, partner and influence across a matrix organization Highly organized, detail oriented, proactive, and ability to multitask Desired Skills: MBA / CPA / CFA FASB / SEC Exposure


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