Senior Business Financial Control Product Associate

Senior Business Financial Control Product AssociateOnsiteNew York, NYFull TimeThis 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 strategiesSupports the development of strategic and annual planning and implementation, performing profitability analysis, forecasting, and financial reporting for a product or general ledger account typeOversees 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) activitiesPartners closely with the front office, Operations, and Technology to define business finance processes and implement related technology solutionsSupports delivering, designing, maintaining, and enhancing Value at Risk Back-Testing (VBT) data and Management Information System (MIS) processes that may impact multiple product control businessesAnalyzes 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 Required Qualifications:Minimum 2 years of banking or financial industry experience, with a focus on product control or financial controlStrong balance sheet and general ledger knowledge is essentialAdvanced Excel skills, particularly in managing complex spreadsheets and financial dataStrong analytical and problem-solving skills with an ability to work both independently and in collaboration with cross-functional teamsAbility to work effectively in a fast-paced, dynamic environment, particularly during quarter-end periods when additional hours, including Saturdays, may be requiredInquisitive and proactive mindset; the candidate must be comfortable asking questions and working collaboratively with teams to resolve issuesStrong communication skills with the ability to liaise with internal teams such as Capital Accounting Policy, Operations, and the Trading DeskAttention to detail and the ability to manage work independently without excessive supervision Desired Qualifications: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) initiativesPrevious experience working with mortgages or securitized products (ABS, RMBS) Skills:Analytical ThinkingAttention to DetailFinancial AccountingFinancial ManagementReportingBusiness AnalyticsData Quality ManagementFinancial ProcessingPrice Verification and ValuationScenario Planning and AnalysisBusiness AcumenCritical ThinkingInfluencePrioritizationProblem Solving Recruiter Submission Template: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