Business Finance Controller - Global Markets
Job Description:
Global Markets Business Finance Controller (AVP–VP)
Location: Chester | Work Type: Hybrid
About the Role
We’re looking for a dynamic and detail-oriented finance professional to join our Global Markets team as a Business Finance Controller. This is a high-impact role that blends financial reporting, valuation oversight, and strategic balance sheet management across a broad spectrum of trading products.
You’ll be at the heart of our financial control function—partnering with trading desks, risk teams, and senior stakeholders to ensure accuracy, transparency, and regulatory compliance in everything we do.
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Key Responsibilities
Product Control
- Deliver daily P&L and risk attribution for trading desks with precision and insight.
- Reconcile front-office and back-office systems to ensure financial integrity.
- Collaborate with trading, risk, and operations teams to resolve discrepancies and enhance reporting processes.
- Support new product launches and system implementations from a finance perspective.
Balance Sheet Management
- Lead monthly balance sheet substantiation and provide clear, actionable commentary.
- Ensure ledger accuracy and resolve reconciliation breaks.
- Monitor key metrics such as inventory aging and funding usage.
- Partner with Treasury and Risk to optimize capital and liquidity treatment.
- Drive initiatives to improve balance sheet efficiency and reduce funding costs.
Valuation Control
- Perform Independent Price Verification (IPV) across asset classes including equities, fixed income, derivatives, and structured products.
- Review and challenge front-office valuation methodologies and inputs.
- Develop and maintain valuation adjustment policies (e.g., bid-offer, model risk, liquidity).
- Prepare valuation reserves and fair value hierarchy disclosures.
- Engage with internal/external auditors and regulators on valuation matters.
- Contribute to governance forums and valuation committees.
Prudent Valuation
- Ensure compliance with regulatory standards (e.g., CRR Article 105).
- Calculate and report Additional Valuation Adjustments (AVAs) in line with EBA guidelines.
- Maintain robust documentation and governance for prudent valuation controls.
- Collaborate with Risk and Regulatory Reporting teams for accurate and timely submissions.
- Monitor valuation uncertainty and apply appropriate adjustments.
- Support internal and external audits related to prudent valuation.
What We’re Looking For
- Bachelor’s degree in Finance, Accounting, Economics, Mathematics, or a related field.
- Professional qualifications (ACA, ACCA, CIMA) preferred or in progress.
- Strong understanding of financial instruments, valuation techniques, and accounting principles.
- Advanced Excel skills and familiarity with financial systems/tools.
- Experience with valuation control frameworks and IPV processes.
- Excellent analytical, communication, and stakeholder engagement skills.
- Ability to work independently and collaboratively in a fast-paced, high-performance environment.
Why Join Us?
- Competitive compensation and benefits package.
- Exposure to a wide range of financial products and senior stakeholders.
Benefits of working at Bank of America:
• 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.
Bank of America:
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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.