Job Description:
Job Title:
Financial Analyst Corporate Title:
Assistant Vice President Location:
Chester Company Overview: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. Location Overview: Find us in the city of Chester, a destination renowned for its culture, history, and beauty. The Role: Daily P&L & Balance Sheet – Reporting & Oversight: Preparation of daily P&L commentary and substantiation based on market events Review of material new deals Calculation of valuation adjustments & reserves, with responsibility over corresponding substantiation and commentary Review of changes to daily balance sheet & substantiation based on transactional activity Core Financial Oversight Functions: Independent price verification analysis and reporting (daily, weekly, monthly) Weekly, Monthly & Quarterly revenue commentary Maintaining valuation adjustment & reserve calculations such that they’re in-line with current policies Balance sheet analysis (capital, liquidity, exposures etc.) including inventory aging, and reporting (Managerial and Regulatory) Determining and implementing appropriate accounting policies & procedures (with Accounting Policy) Managing key accounting, legal entity, regulatory and P&L issues with the business Month end close, including Financial Disclosures and calculation / recording of netting entries Exercise of control oversight on behalf of the business Participation in the New Product Review and Appropriation Request processes: modelling structures, process scenarios, review, and control Contributing to Governance process, operational error reporting and support of other internal control process, including SOX Planning & Reporting: Development and analysis of key performance metrics Participation in the formulation of business strategy; plans; budgets; and forecasts Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses. What we look for? 2:1 from a UK University (or equivalent) Qualified/part qualified accountant (ACCA, ACA, CIMA or equivalent) Experience within a similar role, ideally from financial services / banking Good working knowledge of accounting concepts Knowledge of Derivative Exotic products / product control would be beneficial Confident Excel skills Benefits of working at Bank of America: UK Private healthcare for you and your family plus an annual health screen Competitive pension plan, life assurance and group income protection cover 20 days of back-up childcare including access to school holiday clubs The ability to change your core benefits as well as the option of selecting a variety of flexible benefits Access to an emotional wellbeing helpline and mental health first aiders Access to an Employee Assistance Program for confidential support Ability to donate to charities of your choice directly through payroll Opportunity to access our Arts & Culture corporate membership program Opportunity to give back to your community through volunteering. Bank of America: Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity, marital status, race, religion, colour, nationality, age, sexual orientation, pregnancy, or disability. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
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Financial Analyst Corporate Title:
Assistant Vice President Location:
Chester Company Overview: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. Location Overview: Find us in the city of Chester, a destination renowned for its culture, history, and beauty. The Role: Daily P&L & Balance Sheet – Reporting & Oversight: Preparation of daily P&L commentary and substantiation based on market events Review of material new deals Calculation of valuation adjustments & reserves, with responsibility over corresponding substantiation and commentary Review of changes to daily balance sheet & substantiation based on transactional activity Core Financial Oversight Functions: Independent price verification analysis and reporting (daily, weekly, monthly) Weekly, Monthly & Quarterly revenue commentary Maintaining valuation adjustment & reserve calculations such that they’re in-line with current policies Balance sheet analysis (capital, liquidity, exposures etc.) including inventory aging, and reporting (Managerial and Regulatory) Determining and implementing appropriate accounting policies & procedures (with Accounting Policy) Managing key accounting, legal entity, regulatory and P&L issues with the business Month end close, including Financial Disclosures and calculation / recording of netting entries Exercise of control oversight on behalf of the business Participation in the New Product Review and Appropriation Request processes: modelling structures, process scenarios, review, and control Contributing to Governance process, operational error reporting and support of other internal control process, including SOX Planning & Reporting: Development and analysis of key performance metrics Participation in the formulation of business strategy; plans; budgets; and forecasts Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses. What we look for? 2:1 from a UK University (or equivalent) Qualified/part qualified accountant (ACCA, ACA, CIMA or equivalent) Experience within a similar role, ideally from financial services / banking Good working knowledge of accounting concepts Knowledge of Derivative Exotic products / product control would be beneficial Confident Excel skills Benefits of working at Bank of America: UK Private healthcare for you and your family plus an annual health screen Competitive pension plan, life assurance and group income protection cover 20 days of back-up childcare including access to school holiday clubs The ability to change your core benefits as well as the option of selecting a variety of flexible benefits Access to an emotional wellbeing helpline and mental health first aiders Access to an Employee Assistance Program for confidential support Ability to donate to charities of your choice directly through payroll Opportunity to access our Arts & Culture corporate membership program Opportunity to give back to your community through volunteering. Bank of America: Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity, marital status, race, religion, colour, nationality, age, sexual orientation, pregnancy, or disability. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
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