EMEA Credit Controller

Bank of America; Chester; On-site; GBP 40,000 - 80,000; Full time

Job summary

Join a forward-thinking organization as a Financial Analyst in Chester, where you will play a crucial role in supporting financial control and valuation processes for the EMEA Credit business. This dynamic position offers the chance to engage in diverse projects and collaborate with various teams, enhancing your skills in a supportive environment. With a commitment to employee well-being and development, this role provides a unique opportunity to make a meaningful impact while enjoying a range of competitive benefits. If you are passionate about finance and eager to grow your career, this is the perfect opportunity for you.

Benefits

Private healthcare

Competitive pension plan

Back-up childcare support

Flexible benefits options

Emotional wellbeing support

Employee Assistance Program

Charitable donation matching

Arts & Culture memberships

Volunteer opportunities

Qualifications

• Solid understanding of accounting concepts and principles.
• Experience in financial services or banking is preferred.

Responsibilities

• Support financial control, P&L, and balance sheet management.
• Perform valuations and collaborate on methodologies.

Skills

Accounting principles

Financial analysis

Excel

Regulatory compliance

Education

Qualified Accountant (ACA, ACCA, CIMA)

CFA

Job description

Job Description:

Job Title: Financial Analyst

Corporate Title: Assistant Vice President

Location: Chester

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:

Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organization, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

The Team:

FICC Business Finance & Control forms part of the GBAM CFO Group and is a control and business advisory function to the business. The team’s work primarily covers P&L, balance sheet, and valuation controls with a dynamic book of work providing opportunities to make improvements through varied projects. This role supports the EMEA Credit business, mainly market making in Credit Products such as CDS, Bonds, and CDS Index within the EMEA and CEEMEA regions. The team collaborates closely with the trading desk, the global valuations group (GVG), market risk, legal entity controllers, and support functions.

The team also encourages participation in employee engagement and diversity and inclusion initiatives to help continue to make Bank of America a great place to work.

The Role:

• Support the EMEA Credit BFC team in Chester, focusing on Financial control, P&L, balance sheet, valuation controls, and regulatory and audit interactions.
• Perform calculations and analysis of valuation controls, including IPV, valuation adjustments, and prudent valuation adjustments; own quarterly disclosures.
• Collaborate with the GVG group to review and enhance valuation control methodologies and practices. Ensure procedure documents are accurate and current.
• Assist in streamlining and improving BFC processes and participate in system development, including technical enhancements, new product releases, and process automation.
• Engage with the Accounting Policy Group to implement appropriate accounting policies and procedures.
• Contribute to governance processes and support internal controls, including SOX compliance.

What we look for?

• Preferably a Qualified Accountant (ACA, ACCA, CIMA, or equivalent) or CFA with a solid understanding of accounting concepts.
• Experience in a similar role, ideally within financial services or banking.
• Good working knowledge of accounting principles.
• Strong Excel skills.

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family, including an annual health screen and options for additional screenings.
• Competitive pension plan, life assurance, and group income protection.
• Back-up childcare and adult care support, including access to school holiday clubs.
• Flexible benefits options, including wellbeing accounts, travel insurance, and critical illness cover.
• Access to emotional wellbeing support, mental health first aiders, and virtual GP services.
• Confidential Employee Assistance Program.
• Charitable donation matching through payroll.
• Access to Arts & Culture memberships for discounts at cultural institutions.
• Volunteer opportunities to give back to the community and develop new skills.

Bank of America:

Maintaining good conduct and sound judgment is vital for our long-term success. All employees are expected to adhere to our standards of conduct and manage conduct risk effectively. Accountability and ownership are core to our culture.

We are an equal opportunities employer, ensuring fair treatment regardless of sex, gender identity, marital status, race, religion, age, sexual orientation, pregnancy, socio-economic background, or disability. We encourage candidates to inform us of any adjustment requirements for the recruitment process.