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. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Location Overview:
Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.
The Team:
FICC Business Finance & Control forms part of the GBAM CFO Group and is a control and business advisory function to the business. The team's work primarily covers P&L, balance sheet, and valuation controls with a dynamic book of work providing opportunities to make improvements through varied project work. This role supports the EMEA Credit business, mainly market making in Credit Products such as CDS, Bonds, and CDS Index within the EMEA and CEEMEA regions. The team works closely with the trading desk, the global valuations group (GVG), market risk, legal entity controllers, and other support functions.
The team is also encouraged to participate in employee engagement and diversity initiatives to help continue making Bank of America a great place to work.
The Role:
* A member of the EMEA Credit BFC team within Chester covering financial control, P&L, balance sheet controls, valuation controls, and regulatory and audit interactions.
* Performing calculation and analysis of valuation controls including IPV, valuation adjustments, and prudent valuation adjustments, as well as ownership for quarterly disclosures.
* Working with the GVG group to ensure ongoing review & enhancement of valuation control methodologies and practices. Ensuring procedure documents are accurate and up to date.
* Assisting in streamlining and enhancing all BFC processes and actively participating in system development, including technical enhancements, new product releases, and process automation.
* Engaging with the Accounting Policy Group to implement appropriate accounting policies and procedures.
* Contributing to governance processes and supporting other internal control processes, including SOX.
What we look for:
* Preferably a Qualified Accountant (ACA, ACCA, CIMA, or equivalent) or CFA with good working knowledge of accounting concepts.
* Experience in a similar role, ideally within financial services/banking.
* Good working knowledge of accounting concepts.
* Confident Excel skills.
Benefits of working at Bank of America:
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* Private healthcare for you and your family plus an annual health screen to help manage your physical wellness, with the option to purchase a screen for your partner.
* Competitive pension plan, life assurance, and group income protection cover if you become unable to work due to disability or health reasons.
* 20 days of backup childcare, access to school holiday clubs, and 20 days of backup adult care per year.
* The ability to customize your core benefits and select from various flexible benefits including a wellbeing account, travel insurance, critical illness, etc.
* Access to an emotional wellbeing helpline, mental health first aiders, and virtual GP services.
* Access to an Employee Assistance Program for confidential support.
* Option to donate to charities via payroll with bank matching contributions.
* Opportunity to access Arts & Culture corporate memberships and discounted entry to cultural institutions.
* Volunteer opportunities to give back to your community and develop new skills.
Good conduct and sound judgment are crucial to our long-term success. All employees are expected to adhere to our standards of conduct and manage conduct risk effectively. Individual accountability and ownership are fundamental to our Code of Conduct and risk management.
We are an equal opportunity employer and ensure that no applicant faces less favorable treatment based on sex, gender identity, marital status, race, religion, age, sexual orientation, pregnancy, socio-economic background, or disability. Our recruitment processes are accessible for all candidates, and we encourage you to inform us of any adjustment requirements.
* Locations include: Manchester, Bristol, Chester, Guildford, Leeds, Liverpool, London, Milton Keynes, Preston, Reading, Crewe, Stoke.
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