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EMEA Equities Client Solutions Analyst

Chester, , United Kingdom

Job Description:

Job Title: EMEA Equities Client Solutions Analyst

LOB: Business Finance Support

Corporate Title: Assistant Vice President

Location: Chester

Here in our Chester office, we have an opportunity for an Assistant Vice President to join the function of the Equity Business, Finance Management and Strategy team. The role will provide control and business advisory guidance and work with key business partners who are the Trading Desk, Global Valuation Group (GVG), Credit and Market risk, Regulatory Reporting and the RWA team.

Role Description

Daily P&L and Balance Sheet – Reporting and Oversight:

  • Preparation of daily P&L commentary and substantiation based on market events

  • Review of material new deals

  • Calculation of valuation adjustments and 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 and quarterly revenue commentary

  • Maintaining valuation adjustment and reserve calculations such that they are 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 and 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 and 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

The Team

The Equity Client Solutions Business, Finance Analysis team is comprised of 20 dedicated professionals, with associates based in both London and Chester. The Equity Business, Finance Management and Strategy team supports the Equity Trading Desk; this comprises Equity Client Solutions, Equity Execution Services, Equity Synthetics and Securities Lending and Equity Asset Management Services.  This role is to support the Equity Client Solutions business, which makes secondary markets in European equity derivatives (Single Stock and Index Options, Emerging Markets, Exotics products, Fund Derivatives and Corporate Derivatives).

Core Skills

  • Previous CFO Banking experience preferable
  • Good working knowledge of accounting concepts
  • Good understanding of Product Control and IPV function
  • Knowledge of Derivative products (Options, Forwards, Futures)
  • Excel skills with the ability to build and use spreadsheets
  • Demonstrable risk identification and management

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 judgement 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:

H5

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: EMEA Equities Client Solutions Analyst

LOB: Business Finance Support

Corporate Title: Assistant Vice President

Location: Chester

Here in our Chester office, we have an opportunity for an Assistant Vice President to join the function of the Equity Business, Finance Management and Strategy team. The role will provide control and business advisory guidance and work with key business partners who are the Trading Desk, Global Valuation Group (GVG), Credit and Market risk, Regulatory Reporting and the RWA team.

Role Description

Daily P&L and Balance Sheet – Reporting and Oversight:

  • Preparation of daily P&L commentary and substantiation based on market events

  • Review of material new deals

  • Calculation of valuation adjustments and 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 and quarterly revenue commentary

  • Maintaining valuation adjustment and reserve calculations such that they are 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 and 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 and 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

The Team

The Equity Client Solutions Business, Finance Analysis team is comprised of 20 dedicated professionals, with associates based in both London and Chester. The Equity Business, Finance Management and Strategy team supports the Equity Trading Desk; this comprises Equity Client Solutions, Equity Execution Services, Equity Synthetics and Securities Lending and Equity Asset Management Services.  This role is to support the Equity Client Solutions business, which makes secondary markets in European equity derivatives (Single Stock and Index Options, Emerging Markets, Exotics products, Fund Derivatives and Corporate Derivatives).

Core Skills

  • Previous CFO Banking experience preferable
  • Good working knowledge of accounting concepts
  • Good understanding of Product Control and IPV function
  • Knowledge of Derivative products (Options, Forwards, Futures)
  • Excel skills with the ability to build and use spreadsheets
  • Demonstrable risk identification and management

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 judgement 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.

Learn more about this role

Full time

JR-20048805

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Serena Coventry

Referral Bonus:

0

Street Address

Primary Location:
Herons Way, Chester, CH4 9FE