BFC Product Associate - Central Funding Desk

$85,000 - $115,000 yearly
  • The Resume Review - Recruiting Department
  • New York, NY, USA
  • May 03, 2021
Full time Consultant

Job Description

Job description
Overview of Area
The Central Funding Desk is a global desk operating out of AMRS, EMEA and APAC.  The business facilitates both the issuance of this company's Structured Notes (Primary) and provides a market making facility (Secondary) for both BAC and Non BAC issued paper.   The business is presently supported by a finance team operating in 4 locations both in the US and abroad.  This business serves both Institutional and Retail investors by offering a wide variety of structured note products in rates, fx, commodities, credit and equities.
Key Responsibilities
  • 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.