Senior Business Financial Control Product Associate
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Senior Business Financial Control Product Associate
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Full Time
This job is responsible for leading 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 a knowledge and understanding of product(s), processes, and inherent risks of a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, establish infrastructure for new products, and approve ledger journal entries.
Onsite
New York, NY
Full Time
This job is responsible for leading 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 a knowledge and understanding of product(s), processes, and inherent risks of a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, establish infrastructure for new products, and approve ledger journal entries.
Responsibilities
- Prepares and analyzes 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
- 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
- Oversees a set of product(s) or general ledger account(s) and maintains financial responsibility, including accountability for accuracy of financial reporting for Profit and Loss (P&L) activities
- Partners closely with the front office, Operations, and Technology to define business finance processes and implement related technology solutions
- Supports delivering, designing, maintaining, and enhancing Value at Risk Back-Testing (VBT) data and Management Information System (MIS) processes that may impact multiple product control businesses
- 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
- Minimum 2 years of banking or financial industry experience, with a focus on product control or financial control
- Strong balance sheet and general ledger knowledge is essential
- Advanced Excel skills, particularly in managing complex spreadsheets and financial data
- Strong analytical and problem-solving skills with an ability to work both independently and in collaboration with cross-functional teams
- Ability to work effectively in a fast-paced, dynamic environment, particularly during quarter-end periods when additional hours, including Saturdays, may be required
- Inquisitive and proactive mindset; the candidate must be comfortable asking questions and working collaboratively with teams to resolve issues
- Strong communication skills with the ability to liaise with internal teams such as Capital Accounting Policy, Operations, and the Trading Desk
- Attention to detail and the ability to manage work independently without excessive supervision
- Experience with Oracle/eLedger queries and general ledger postings (preferred but not required; training will be provided if necessary).
- Experience in process improvement or operational excellence (OPEX) initiatives
- Previous experience working with mortgages or securitized products (ABS, RMBS)
- Analytical Thinking
- Attention to Detail
- Financial Accounting
- Financial Management
- Reporting
- Business Analytics
- Data Quality Management
- Financial Processing
- Price Verification and Valuation
- Scenario Planning and Analysis
- Business Acumen
- Critical Thinking
- Influence
- Prioritization
- Problem Solving
Full Name:
Degree Major with University and Completion year:?
Total experience as Senior Business Financial Control Product Associate ?
2 years of banking or financial industry experience, with a focus on product control or financial control
Experience Prepares and analyzes 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?
Motivation / Reason for Relocation (if not local):
Motivation / Reason for interest in this position?
Contact Number
E mail Id:
LinkedIn Id
Full Address (Street, City, States, Zip Code)
Notice period: (in weeks):
Current work authorization status (US Citizen, Green Card, etc.)
Expected Salary?
Are you ready to relocate on your own expenses and work at New York, NY – Onsite 5 Days a week ?
Seniority level
Seniority level
Mid-Senior level
Employment type
Employment type
Full-time
Job function
Job function
Finance and Sales
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