Product Associate – Business Finance Control

Job Description:

Job Title: Global Markets Business Finance Controller

Location: London

Corporate Title: Vice President or Assistant Vice President

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

About the Role:

Due to a talented individual moving locations, we are looking for a Product Associate to join our Global Markets Business Finance Control team. We are a global team made up of a diverse range of people from varied backgrounds who each bring unique skillsets and perspectives. The team are responsible for providing accurate & timely financial information, being effective business partners, acting as the financial conscience for the bank and delivering on Operational Excellence to make it a great place to work.

Key Responsibilities:

• Own daily P&L and balance sheet review, providing market‑driven commentary and substantiation.
• Review new deals, valuation adjustments and reserves, ensuring policy compliance and robust governance.
• Deliver independent price verification (IPV) and revenue commentary across daily to quarterly cycles.
• Perform balance sheet analysis (capital, liquidity, exposures, inventory ageing) for managerial and regulatory reporting.
• Lead month‑end close, financial disclosures and netting entries.
• Partner on accounting policy, regulatory, legal entity and P&L matters.
• Support New Product Review, governance, SOX and internal control frameworks.
• Develop KPIs, support strategy, budgeting and forecasting, and manage expense approval and analytics.

What We’re Looking 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
•  Understands and applies knowledge of financial concepts, principles, products, and other relevant financial information
•  Rich and varied experiences from a range of backgrounds
• Ability to think laterally to find creative solutions to obstacles

Benefits of working at Bank of America

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 virtual tutoring 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
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, and virtual GP services
• Access to the Peppy App which provides 1:1 support, consultations and resources relating to men’s health, women’s health, fertility, menopause and pregnancy & parenthood
• Access to a range of gyms, exercise classes and wellbeing Apps through Wellhub, including Headspace and Calm
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

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, political opinion, 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.