Business Financial Control Product Associate- Municipal Banking and Markets Business (CFO)

Company: Bank of America
Location: New York City
Posted on: April 2, 2026

Job Description:

Job Description: 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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: Team Overview: 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. Their first priority is to operate a series of key control processes to ensure the integrity of GBAM's financial results. Then they build on these activities to offer performance insight to business leaders Business Finance Officers/Control (BFO/BFC) partners directly with Front Office LOBs providing strategic guidance and insight and performs the product control function to ensure the integrity of financial results The team supports the Municipal Banking and Markets (MBAM) Business. The business makes markets in Tax-Exempt and Taxable structures to state and local governments and their affiliates. The primary purposes for raising Municipal debt include General Purpose, Education, Transportation, Utilities, Housing, Healthcare, and Power. The business activities include primary issuance for Municipalities, Secondary Trading, bespoke financing structures, and lending facilities. The proposed Business Finance and Controller ("BFC") role will support daily control functions within the MBAM Trading / Capital Markets / PSB space. The Product Controller will support: Daily Balance Sheet analysis and commentary, P&L substantiation to market events, significant transaction review Monthly close functions, processing of journal entries, accounting adjustments, reconciliations, reserve and valuation adjustment calculations Partnering with Trading Desk, Trade Support, Operations, ECM and other partners on business support including new product review, accounting assessment, issue resolution Quarterly management and regulatory reporting including fair value disclosures, rollforwards, revenue/balance sheet variance commentary Volcker/Capital related validation activities such as Volcker balance sheet review, validation of Volcker and Capital attributes for books to ensure compliance with enterprise guidelines Working on initiatives to simplify/automate manual processes This job is responsible for supporting business analysis for a Line of Business (LOB) by producing all financial reporting and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying knowledge of product(s), processes, and inherent risks for a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, assist in production of regulatory matters analysis, and perform critical testing and calculations. Responsibilities: Supports with preparing and analyzing 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 Performs month-end close and financial reporting, critical testing and calculations, and periodic analysis Assists in the development of strategic and annual planning efforts and implementations and performs profitability analysis, forecasting, and financial reporting for a product or general ledger account type Partners closely with the front office, Operations, and Technology to support defining business finance processes and implementing related technology solutions Analyzes regulatory matters, such as the Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolutions Plans (RRP), to assess risk modeling practices within the bank Supports the development of strategic and annual planning and implementation, performing profitability analysis, forecasting, and financial reporting for a product or general ledger account type Required Qualifications: Minimum of 3 years of experience in financial analysis, product control, and risk management Strong Excel skills, with experience in analyzing complex financial data Knowledge of financial products such as loans, bonds, and derivatives Understanding of GAAP, risk mitigation techniques, and regulatory requirements Excellent communication, problem-solving, and presentation skills. Ability to work independently and as part of a team in a fast-paced environment Desired Qualifications: Bachelor’s Degree in Accounting or Finance CPA certification Prior experience in financial reporting for a trading business or within a CFO organization Familiarity with FICC products and trading desk operations Skills: Analytical Thinking Attention to Detail Financial Accounting Financial Management Reporting Business Analytics Critical Thinking Data Quality Management Financial Processing Price Verification and Valuation Business Acumen Influence Prioritization Problem Solving Scenario Planning and Analysis Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540) Pay and benefits information Pay range $91,900.00 - $125,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is 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. Benefits 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.

Keywords: Bank of America, Brick , Business Financial Control Product Associate- Municipal Banking and Markets Business (CFO), Accounting, Auditing , New York City, New Jersey