CFO Business Finance and Controls Product Associate – Commodities

The main responsibilities of a CFO Business Finance and Controls Product Associate at Bank of America include producing financial reports, analyzing Profit and Loss statements, validating financial postings, and partnering with various stakeholders to ensure accurate reporting and compliance with regulations such as CCAR and RRP. You'll be involved in strategic planning efforts and play a critical role in maintaining the financial integrity of our commodities trading operations.

To be considered for the CFO Business Finance and Controls Product Associate position at Bank of America, a minimum of three years of experience in product control or commodities trading is required. A bachelor's degree in accounting, finance, or a related field is essential, along with potentially beneficial certifications such as CPA or CFA. Confidence in analytical and communication skills is also crucial for this role.

The CFO Business Finance and Controls Product Associate plays a vital role in achieving Bank of America's objectives by ensuring financial reporting accuracy, managing risk through diligent analysis, and partnering with front office teams to drive effective business finance solutions. This position directly impacts the quality of financial data that informs decision-making across the bank, ultimately fueling responsible growth.

Success as a CFO Business Finance and Controls Product Associate at Bank of America requires a robust set of skills, including strong analytical thinking, attention to detail, financial accounting knowledge, and the ability to manage risk. Critical thinking and effective communication are also necessary for collaborating with colleagues and presenting financial insights that drive business strategy.

Candidates for the CFO Business Finance and Controls Product Associate position at Bank of America can expect a thorough hiring process that includes interviews focusing on their financial expertise, problem-solving skills, and team collaboration abilities. Additionally, candidates may be assessed on their understanding of financial regulations and reporting practices to ensure they align with the company’s high standards.

When answering this question, detail your past roles involving financial report preparation, emphasizing specific tools and methodologies you used to analyze data. Be sure to highlight outcomes you achieved through your analytical work.

Discuss how you implement checks and balances in your reporting processes, including techniques such as reconciliation and peer reviews, and how these strategies help maintain accuracy and compliance with financial regulations.

Share specific examples of how you prioritize tasks in high-pressure situations and any systems or tools you use to manage your time effectively while ensuring financial accuracy.

Elaborate on any hands-on experience with regulatory frameworks like CCAR or RRP, detailing your role in compliance and analysis that meets the regulatory requirements.

Provide a specific example that showcases your analytical skills and problem-solving ability. Outline how you discovered the discrepancy, the steps you took to investigate it, and the resolution process.

Discuss forecasting techniques you've used, whether quantitative or qualitative, and provide an example of how these methods impacted business decisions positively.

Highlight your communication skills and provide examples of successful collaborations with teams outside of finance, emphasizing how this cross-functional teamwork led to better financial oversight and impact.

Share a relevant experience where you identified an area for improvement in your financial processes, the changes you implemented, and the positive outcomes of those changes.

Discuss your understanding of commodities trading practices and how your financial knowledge applies specifically to this market, perhaps by sharing previous duties or successes in the field.

Reflect on the complexities of financial oversight, regulatory compliance, or managing financial discrepancies, and discuss how you would approach overcoming those challenges in your role.