Bank Of America Financial Accountant 

United Kingdom, England, Chester 

612823430

Job Title:Financial Accountant

Up to Assistant Vice President

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

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.