Bf & C Product Associate jobs at Bank Of America in United Kingdom, Chester

Job Description:

Job Title:Senior Product Associate

Vice President

The role:

• Gain an in-depth understanding of the financial products, market risk profile and risk mitigation techniques and strategies

• Be responsible for producing and reviewing daily/monthly Profit & Loss and Balance Sheet, including month end close process

• Partner with colleagues across the bank to investigate and resolve accounting issues

• Validate our reporting to external regulators

• Provide financial insight and partner with Trading colleagues to optimise business performance

• Engage in ad-hoc project work to drive efficiency and enhancement to our routines

Why Join Global Markets Finance in Chester?

• Industry Experience – Practically apply accounting skillsets within a dynamic industry and fast paced environment.

• Market Insight – Develop an understanding of the structure of global markets and their impact on our daily trading flows.

• Data Driven Approach - Learn to develop with Emerging Technology tools that provide cutting edge insight into the data that drives our business.

• Professional Network – Exposure to senior leaders across the organisation allowing associates to build profile and a network of key contacts.

• Progression & Promotion – High focus on talented employees with a tailored approach to ensure every individual is given opportunities to progress their career.

• Internal Mobility – High levels of engagement with multiple groups and a excellent track record in placing employees into roles across our global organisation.

• Supportive Learning Environment - Role specific learning and development opportunities to ensure associates are agile and develop a highly transferrable skillset.

• Culture of Openness and Integrity – Open and transparent discussion at all levels of key matters as they arise.

• Corporate Social Responsibility – A culture of caring with opportunities to volunteer our time and skills for the benefit of our local community.

What we are looking for:

• A genuine interest in our business and intellectual curiosity

• A passion for serving our clients and the communities in which we work

• Personal integrity and accountability, ability to review, debate and challenge processes

• Proactive and excellent attention to detail, with excellent organisational skills to effectively manage competing deadlines and pro-active management escalation

• Ability to bring your authentic self to work every day

• Respect for our core values; deliver together, act responsibly, realize the power of our people and trust the team

Skills that will help:

• 2:1 from a UK University (or equivalent)

• Qualified/part qualified accountant (ACCA, ACA, CIMA or equivalent)

• Rich and varied experiences from a range of backgrounds

• Advanced Excel skills

• Understands and applies knowledge of financial concepts, principles, products, and other relevant financial information

It is not necessary for new recruits to have worked in financial services previously as industry specific knowledge can be learned on the job. In addition, you will attend a structured learning programme which provides insight into the financial products we trade and the markets in which we operate.

All new hires will also undertake a formal on-boarding programme with a focus on navigating our organisation and ongoing support to ensure a smooth transition into the working environment of our firm.

UK

• At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.

• Private healthcare for you and your family plus an annual health screen to help you 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 as a result of a disability or health reasons.

• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work etc.

• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.

• Access to an Employee Assistance Program for confidential support and help for everyday matters.

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

This job is responsible for supporting business analysis for a Line of Business (LOB) by producing all financial reporting and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying knowledge of product(s), processes, and inherent risks for a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, assist in production of regulatory matters analysis, and perform critical testing and calculations.

Responsibilities:

• Supports with preparing and analyzing balance sheets and Profit and Loss (P&L) reports and validates postings and balances for a product aligned to a Line of Business (LOB) using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies
• Performs month-end close and financial reporting, critical testing and calculations, and periodic analysis
• Assists in the development of strategic and annual planning efforts and implementations and performs profitability analysis, forecasting, and financial reporting for a product or general ledger account type
• Partners closely with the front office, Operations, and Technology to support defining business finance processes and implementing related technology solutions
• Analyzes regulatory matters, such as the Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolutions Plans (RRP), to assess risk modeling practices within the bank

Skills:

• Analytical Thinking
• Attention to Detail
• Financial Accounting
• Financial Management
• Reporting
• Business Analytics
• Critical Thinking
• Data Quality Management
• Financial Processing
• Price Verification and Valuation
• Business Acumen
• Influence
• Prioritization
• Problem Solving
• Scenario Planning and Analysis

Job Description:

Job Description:

Job Description:

Job Title:Product Controller

Officer

Role Description:

This job is responsible for supporting business analysis for a Line of Business (LOB) by producing all financial reporting and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying knowledge of product(s), processes, and inherent risks for a product, business or function to analyse and substantiate Profit and Loss (P&L) attributes and balance sheets, assist in production of regulatory matters analysis, and perform critical testing and calculations.

Responsibilities:

• A member of the EMEA Credit BFC team within Chester covering Financial control, P&L and balance sheet controls, valuation controls and regulatory and audit interactions.

• Performing the 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 the streamlining and enhancement of all BFC processes and becoming actively involved with system development ranging from technical enhancements and new product releases to automation of existing processes

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

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

What we are looking for:

• Applies Financial Accounting & Reporting Expertise

• Applies Financial Analysis and Reasoning Skills

• Demonstrates Accounting Knowledge

• Demonstrates Financial Acumen

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

UK

• Private healthcare for you and your family plus an annual health screen to help you 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 as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to 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 and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Role Description:

Operations is responsible for ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. A key focus for the organization is establishing risk management procedures to ensure the firm and our clients are properly protected. Operations is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our business.

Responsibilities:

You will work closely with the Trading Desk to support the business and perform Trade Control Responsibilities such as –

• Trade Validation – Timely and accurate management of trade capture process to ensure all trades are booked according to terms of underlying agreement in both Front-Office and down-stream applications

• Provide support to assigned trading desks – Support the Trading desk across all Trade Control related functions in a timely and accurate manner

• Ongoing Trade maintenance – Manage trade lifecycle events & perform trade amendments as required

• Investigate and resolve breaks – Work closely with Front and Back Office to resolve breaks (e.g. Cash, Collateral, Valuations, Documentation etc)

• Production of daily reports – Distribute Daily reports to the Trading desk, business partners and Senior Management (requiring a high level of attention to detail)

• Resolve Risk and P&L issues - Work closely with Front Office, Risk and Finance to resolve issues in a timely manner

• Resolving client issues – Working with Sales and Client Management teams to ensure that client issues are addressed and resolved.

• Credit Default Event - Manage and Process Credit Events working with Front office, Technology and P&L to execute successfully.

• Resolve queries – Investigate any issues raised to the team, liaising with Front Office, Back Office and/or the client as necessary.

• Build and maintain relationships across senior business leads and support partners

• Involvement in ad hoc projects for new processes

What we are looking for:

• Proficient in MS Office – specifically Excel
• Extensive number of years of line work experience
• Excellent ability to work in a team and with a wide user group across multiple functions
• Good attention to detail and drive to ensure necessary work is completed to a high standard
• Ability to work in a high-pressure environment across both BAU and improvement/growth
• Excellent interpersonal and communication (verbal & written) skills
• Ability to work diligently, independently and prioritize multiple demands
• University degree educated preferable

Skills that will help:

• Experience in working with fixed income derivatives and securities – working knowledge of bonds/CDS is an advantage
• Understanding of the regulatory environment, legal entity strategy and the importance of robust internal process
• Inquisitive and possesses analytical & problem-solving skills
• Partner with team, business and technology partners to embrace change and accomplish goals
• Extensive knowledge of general business and corporate cultures
• We are looking for someone how strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
• Excels in delivering varied viewpoints to determine the best path forward
• Experience in connecting with multiple set of clients to understand future business needs – is a continuous learner
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

• Private healthcare for you and your family plus an annual health screen to help you 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 as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to 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 and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Job Description:

Job Title:Newly Qualified Account

Assistant Vice President

The Role:

• Gain an in-depth understanding of the financial products, market risk profile and risk mitigation techniques and strategies

• Be responsible for producing and reviewing daily/monthly Profit & Loss and Balance Sheet, including month end close process

• Partner with colleagues across the bank to investigate and resolve accounting issues

• Validate our reporting to external regulators

• Provide financial insight and partner with Trading colleagues to optimise business performance

• Engage in ad-hoc project work to drive efficiency and enhancement to our routines

Why Join Global Markets Finance in Chester?

• Industry Experience – Practically apply accounting skillsets within a dynamic industry and fast paced environment.

• Market Insight – Develop an understanding of the structure of global markets and their impact on our daily trading flows.

• Data Driven Approach - Learn to develop with Emerging Technology tools that provide cutting edge insight into the data that drives our business.

• Professional Network – Exposure to senior leaders across the organisation allowing associates to build profile and a network of key contacts.

• Progression & Promotion – High focus on talented employees with a tailored approach to ensure every individual is given opportunities to progress their career.

• Internal Mobility – High levels of engagement with multiple groups and a strong track record in placing employees into roles across our global organisation.

• Supportive Learning Environment - Role specific learning and development opportunities to ensure associates are agile and develop a highly transferrable skillset.

• Culture of Openness and Integrity – Open and transparent discussion at all levels of key matters as they arise.

• Corporate Social Responsibility – A culture of caring with opportunities to volunteer our time and skills for the benefit of our local community.

• Diversity and Inclusion – Multiple employee networks represent the diverse culture that we have cultivated. Additional external partnerships with organisations focused on advancing inclusion in the workplace.

Essential

• A genuine interest in our business and intellectual curiosity

• A passion for serving our clients and the communities in which we work

• Personal integrity and accountability, ability to review, debate and challenge processes

• Proactive and strong attention to detail, with strong organisational skills to effectively manage competing deadlines and pro-active management escalation

• Ability to bring your authentic self to work every day

• Respect for our core values; deliver together, act responsibly, realize the power of our people and trust the team

Preferred

• 2:1 from a UK University (or equivalent)

• Qualified/part qualified accountant (ACCA, ACA, CIMA or equivalent)

• Rich and varied experiences from a range of backgrounds

• Advanced Excel skills

• Understands and applies knowledge of financial concepts, principles, products, and other relevant financial information

It is not necessary for new recruits to have worked in financial services previously as industry specific knowledge can be learned on the job. In addition, you will attend a structured learning programme which provides insight into the financial products we trade and the markets in which we operate.

All new hires will also undertake a formal on-boarding programme with a focus on navigating our organisation and ongoing support to ensure a smooth transition into the working environment of our firm.

UK

• Private healthcare for you and your family plus an annual health screen to help you 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 as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to 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 and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.