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EMEA Equities Client Solutions Associate

Chester, , United Kingdom

Job Description:

Job Title: EMEA Equities Client Solutions Associate  

LOB: Equity European Derivatives Finance

Corporate Title: Assistant Vice President

Location: Chester

One of the world’s leading financial institutions, we have 57 million customers ranging from individuals to businesses to governments and we are committed to growing responsibly. We’ve been building meaningful connections in Europe, the Middle East and Africa for 90 years, and you’ll find our 200,000-strong workforce in more than 35 countries worldwide.

Business Unit overview 

Here in our Chester office we are looking to recruit an EMEA Equities Client Solutions Associate to join the team. The Equity Client Solutions Business, Finance & Controls Analysis team is comprised of 20 dedicated professionals, with associates based in both London and Chester.

As an Assistant Vice President you will be expected to produce and take ownership for the main functions outlined below. In addition you are expected to develop a solid understanding of the business, drive execution, sustain intensity and optimism and live Bank of America key values and culture.

Responsibilities

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.
  • Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems.

Planning & Reporting:

  • Act as key member and advisor to Line of Business Senior Management team, providing decision support analysis and advice on the optimisation of business activities with regards to accounting rules, regulatory issues and legal entity structures.
  • Development and analysis of key performance metrics.
  • Participation in the formulation of business strategy; plans; budgets; and forecasts.
  • Provide regular updates, analytics and commentary on Line of Business performance.
  • Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses.
  • Provide regular updates, analytics and commentary on the GBAM’s externally disclosed quarterly performance.

Core skills

  • Qualified CFA or Accountancy qualification desired (ACA, ACCA, CIMA or equivalent).
  • Good working knowledge of accounting concepts.
  • Good understanding of Product Control and IPV function.
  • Knowledge of Derivative products (Options, Forwards, Futures).
  • Solid Excel skills with the ability to build and use spreadsheets, including VBA experience.
  • Demonstrable risk identification and management.
  • Can work well in a team environment.
  • Work to tight deadlines.
  • Great communication skills.
  • Attention to detail – Control focus.

We offer a competitive Salary and Benefits package.

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.

For more information on our commitment to ESG, visit about.bankofamerica.com

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.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Full time

JR-20029082

Manages People:

Manager:

Talent Acquisition Contact:

Referral Bonus:

Check out the Chester office

Located on the River Dee near the Welsh border, we enjoy working in historic Cheshire, surrounded by beautiful green landscape and cultural institutions like the Chester Zoo and Storyhouse.

Three co-workers outdoors at the Chester, UK office
A street in downtown Chester
A river with boats

Street Address

Primary Location:
Herons Way, Chester, CH4 9FE