Bank of America Hiring for Business Finance Control Product Associate Job at London, England Full Time

Job Description:

Job Title: Business Finance Control Product Associate

LOB: CFO Group

Corporate Title: Vice President

Location: London

A fantastic opportunity has become available for a Business Finance Control Product Associate to join the wider CFO Group based in London. The successful candidate will be working in a varied and interesting role, with the opportunity to work with stakeholders globally.

Responsibilities will include but not limited to:

• Oversight of Global Asset Resolution (GAR), Business Finance & Control, team day to day responsibilities. GAR business manages legacy multi asset structured derivative transactions within EMEA & AMRS regions

• Valuation control – monthly calculation and analysis of Independent Price Verification, valuation adjustments and Prudent Valuation AVAs, as well as contribution to quarterly disclosures such as FAS157 and CCAR scenario reporting

• Working with the GVG group to review & maintain valuation control methodologies and practices

• Reviewing P&L and Valuation Control tasks performed by our GBS team

• Maintaining and updating policies and procedures for valuation control processes

• Assist in the streamlining and enhancement of all BF&C processes and become actively involved with system development ranging from technical enhancements and new product releases to automation of existing processes

• Participation in the new product reviews

• P&L commentaries including detailed analysis of material P&L events

• Review and enhancement of P&L explain calculations and processes

• Balance sheet commentaries for material movements

• Engage with the Accounting Policy Group to implement appropriate accounting policies and procedures

• Managing key valuation, accounting, legal entity, regulatory and P&L issues with the business

• Contributing to governance process, operational error reporting and support of other internal control process, including SOX

The Team:

FICC Business Finance & Control forms part of the GBAM CFO Group and provides valuation control and analysis, P&L substantiation and balance sheet oversight. This role is supporting the Global Asset Resolution (GAR), business, which manages legacy multi asset structured derivative transactions within EMEA & AMRS regions. The BF&C teams works closely with the EMEA Global Asset Resolution (GAR) trading desks, the global valuations group (GVG), market risk, legal entity controllers and many other support functions.

Core Skills:

• Preferably Qualified Accountant (ACA, ACCA, CIMA or equivalent) or CFA with good working knowledge of accounting concepts

• Applies Financial Accounting & Reporting Expertise

• Applies Financial Analysis and Reasoning Skills

• Demonstrates Accounting Knowledge

• Demonstrates Financial Acumen

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

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. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Job Band:

H4

Shift:

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0