Sr. BFC Product Associate-Muni Finance

$100,000 - $147,000 yearly
  • The Resume Review - Recruiting Department
  • New York, NY, USA
  • May 12, 2022
Full time Accounting Finance

Job Description

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:
Muni Finance Group supports the Municipal Markets and Banking business and are responsible for the control infrastructure for the broad arrange of products they trade (Municipal bonds, Securitizations, TRSwaps, Muni Credit Derivs and IR Derivatives).  The team is responsible for the overall End to End daily, monthly and quarterly financial reporting.  This includes substantiating balance sheet through the Valuation controls such as Independent Price Verification.
Primary responsibilities
  • Maintain a strong focus on controls
  • Provide independent analysis for for various trading desks within the Municipal Banking and Markets Division covering products across both liquid and illiquid as well as structured securities and derivative interest rate and credit products
  • Complete monthly and quarterly reporting with associated documentation as it relates to Independent Price Verification process
  • Provide technical expertise to analyze the valuation of products and help build add’l tools to improve independent analyis
  • Work Closely with Front Office, Trade Support, Technology, Market Risk, and other teams across CFO around the full End to End process for each part of the business
  • Ensure that the Control Framework is in place for processes, identify control gaps and implement enhancements.
  • Embrace and proactively drive change. Need to be able to identify flaws in the current processes, originate new ideas of how we can better support our Businesses and implement them.
  • Liaise with many different groups across the organization and globe.
  • Ad hoc projects and other various Finance initiatives to streamline daily processing and increase controls.

Required Skills
  • Bachelor’s degree
  • Previous exposure to CFO and specifically valuation control processes across Securities and Derivatives with associated fixed income products, preferably Credit.
  • Strong problem solving and project management skills.
  • Ability to work under pressure and strong organizational and multi-tasking skills.
  • Excellent communication and interpersonal skills.
  • Team Player: must demonstrate a “can-do” attitude necessary to create good relationships with traders, management, other business partners and the Bank’s customers.

Desired Skills
  • Strong understanding of fixed income products or structured products
  • Strong Excel skills. VBA and/or SQL skills a plus.
  • Must be able to fully understand the impact of current and future IT developments on existing End to End CFO processes and play a role in their implementation.
  • Should be able to see the big picture, identify non-optimal processes, propose solutions and implement them within timelines and cost constraints.
  • Ensures effective planning and execution of client deliverables on a timely basis