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BFC Product Associate

London, , United Kingdom

Job Description:

Job Title:   BFC Product Associate

Corporate Title:  Assistant Vice President

Location:   London

Role Description:

  • Oversight of daily / monthly PnL substantiation reports in line with market view for the EMEA FX Options business.

  • Valuation Control – monthly calculation of Prudent Valuation AVA for Global Options business along with involvement in regular documentation review and any project work around Pru Val which involves partnering with GVG and technology.

  • Preparation of weekly / monthly and quarterly PnL and Balance sheet commentary for various stakeholders in the business and Finance. This also involves coordinating with regions to consolidate commentaries applicable for EMEA entities.

  • Hold Weekly global PNL calls and go through with the results of PnL with the wider group providing market insight around drivers of the PnL.

  • Aligned with product and financial control, the role has an oversight responsibility in the daily reporting of PnL done by India/GBS team.

  • Involvement in the monthly Supervisory review control with the aim to provide input for areas where controls are to be enhanced.

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 FX & LCT business, which manages multi asset derivative transactions within EMEA & AMRS regions. The BF&C teams works closely with trading desks, the global valuations group (GVG), market risk, legal entity controllers and many other support functions.

Key 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

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:

H5

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title:   BFC Product Associate

Corporate Title:  Assistant Vice President

Location:   London

Role Description:

  • Oversight of daily / monthly PnL substantiation reports in line with market view for the EMEA FX Options business.

  • Valuation Control – monthly calculation of Prudent Valuation AVA for Global Options business along with involvement in regular documentation review and any project work around Pru Val which involves partnering with GVG and technology.

  • Preparation of weekly / monthly and quarterly PnL and Balance sheet commentary for various stakeholders in the business and Finance. This also involves coordinating with regions to consolidate commentaries applicable for EMEA entities.

  • Hold Weekly global PNL calls and go through with the results of PnL with the wider group providing market insight around drivers of the PnL.

  • Aligned with product and financial control, the role has an oversight responsibility in the daily reporting of PnL done by India/GBS team.

  • Involvement in the monthly Supervisory review control with the aim to provide input for areas where controls are to be enhanced.

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 FX & LCT business, which manages multi asset derivative transactions within EMEA & AMRS regions. The BF&C teams works closely with trading desks, the global valuations group (GVG), market risk, legal entity controllers and many other support functions.

Key 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

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.

Learn more about this role

Full time

JR-22049158

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Hannah Scullion

Referral Bonus:

0

Street Address

Primary Location:
2 KING EDWARD ST, London, EC1A 1HQ