Job Location: New York City Metropolitan Area
Job Detail:
Summary of Responsibilities:
Prepare and analyze financial reporting from a management perspective for the Corporate Investment Banking USA business units and support CIB USA Management in the implementation of BBVA’s business model. BBVA works as a global institution, and therefore we recognize the need for standard working practices, information and management systems, accounting results criteria and communication between different banking departments. The main objective of the department is to support the Head of Management Reporting by implementing these practices and systems in the unit. Management Reporting plays a leading role in the daily activity of the business unit P&L.
List Major/Essential Job Duties:
Management information:
- P&L report preparation across all products, focused on Global Lending and Global Transactional Banking analysis and total expense overviews
- Investigate and resolve large and inconsistent P&L variances between head office reporting, accounting systems and management reporting systems in order to reconcile all discrepancies down to an immaterial amount to ensure accurate P&L.
- Responsible for providing head of each business unit with monthly P&L for respective product line
- Daily interaction across multi-disciplinary teams including both front and back office, as well as coordination with Global CIB Management Reporting in Spain.
- Prepare monthly Management Reporting (EFAN) reconciliations and adjustments for a timely and accurate month end close
- Create and prepare annual budget for submission to Head Office.
- Prepare weekly forecasting for GTB and GL business units as well as an expense summary across all products.
- Assist in with local project implementations and Ad-hoc requests.
- Collaborate on preparing strategic recommendations based on financial analysis and forecasts to the Head of Management Reporting
- Analyze and understand all aspects of the Management Reporting results in order to assist with monthly presentations for management.
Level of Complexity and Risk Involved:
As a Front Office support area, responsible for controlling P&L for CIB USA units, this position requires thorough knowledge of Management Reporting results and how it translates from the base Accounting data. This position will liaison with directly with the business units in order to ensure accurate forecasts, budgets and actual results. Working knowledge of Investment Banking Lending products and the accounting treatment is an advantage. This position is highly exposed to internal and external trading, accounting and management systems, as well as Microsoft and SQL software. In this way, the candidate has to be knowledgeable of systems. Important to note that this is a sensitive position as it handles P&L, portfolio’s risk and confidential data. It also requires active coordination with all geographies where BBVA has clients, and the coordination of cross-border bookings and governance.
Skills, knowledge, and abilities/Competencies:
- Bachelors in Finance, Economics, Business or Accounting.
- Minimum of 3+ years’ experience in FP&A (Banking preferred), with knowledge of financial markets, lending products and the translation from Accounting to Management results.
- Proficiency in Microsoft Suite of products (SQL is a plus).
- Knowledgeable of General Ledger reporting systems and working across multiple legal entities and geographies.
- Comfortable dealing with ambiguity.
- Experience working in a global, multicultural and/or international environments.
- Must be able to multi-task and demonstrate analytical/problem-solving skills
- Must be a proactive, a quick learner, self-motivated and a team player
- Ability to learn new financial software or comfortable in dealing with systems
- Proficiency in Spanish a plus
Management Responsibilities:
Assist in overall coordination or reporting and management deadlines.
With respect to this position in our New York Office, the expected base salary ranges from $75000-$110000. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these positions
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
NOTE: THIS POSTING IS FOR INDICATION OF INTEREST ONLY. PLEASE VISIT THE BBVA CAREERS PAGE FOR MOST UP TO DATE POSTINGS.
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