Financial Accountant

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

Job summary

An established industry player is seeking a Financial Accountant to join their Chester team. This role offers an exciting opportunity to support financial analysis and reporting for a leading organization. You will be responsible for producing financial reports, analyzing product risks, and collaborating with various teams to enhance processes. With a strong emphasis on employee well-being, this company provides a supportive and inclusive work environment, along with competitive benefits. If you are a qualified accountant looking to make a significant impact, this role is perfect for you.

Benefits

Private healthcare

Competitive pension

Life assurance

Flexible benefits

Mental health support

Charity donation matching

Discounted cultural memberships

Qualifications

• Expertise in financial accounting and reporting is essential.
• Strong analytical skills and knowledge of accounting principles required.

Responsibilities

• Support financial control and P&L analysis within the EMEA Credit team.
• Calculate valuation controls and assist with regulatory analyses.
• Engage with the Accounting Policy Group for policy implementation.

Skills

Financial Accounting & Reporting

Financial Analysis

Accounting Principles

Financial Acumen

Education

Qualified Accountant (ACA, ACCA, CIMA) or CFA

Job description

Job Description:

Job Title: Financial Accountant

Corporate Title: Officer

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 Chester, a city renowned for its culture, history, and beauty. Working at Bank of America Chester offers a global career opportunity within a world-renowned organization, situated against the backdrop of the North Wales hills and the River Dee.

The Team:

FICC Business Finance & Control is part of the GBAM CFO Group, serving as a control and business advisory function. The team primarily handles P&L, balance sheet, and valuation controls, working on varied projects to improve processes. This role supports the EMEA Credit business, focusing on market-making in Credit Products like CDS, Bonds, and CDS Index within EMEA and CEEMEA regions. The team collaborates closely with trading desks, global valuations, market risk, legal controllers, and other support functions.

The team also actively participates in employee engagement and diversity initiatives to foster a great workplace environment.

Role Description:

This role involves supporting business analysis for a Line of Business (LOB), producing financial reports and disclosures in partnership with senior management and stakeholders. Key duties include analyzing product and process risks, assisting with regulatory analyses, and performing critical testing and calculations.

Responsibilities:

• Support financial control, P&L, balance sheet, valuation, and regulatory interactions within the EMEA Credit BFC team based in Chester.
• Calculate and analyze valuation controls, IPV, valuation adjustments, and ownership of quarterly disclosures.
• Collaborate with the GVG group to review and improve valuation methodologies and ensure documentation accuracy.
• Assist in streamlining BFC processes and participate in system development, including technical enhancements and automation.
• Engage with the Accounting Policy Group to implement appropriate accounting policies.
• Support governance and internal control processes, including SOX compliance.

What we are looking for:

• Expertise in Financial Accounting & Reporting
• Strong Financial Analysis and Reasoning Skills
• Knowledge of Accounting Principles
• Financial Acumen
• Qualified Accountant (ACA, ACCA, CIMA) or CFA with good accounting knowledge

Benefits of working at Bank of America:

• Private healthcare for you and your family, including health screening options
• Competitive pension, life assurance, and income protection plans
• Back-up childcare and adult care support
• Flexible benefits including wellbeing and travel insurance
• Access to mental health support and confidential helplines
• Charity donation matching via payroll
• Discounted cultural memberships and community volunteering opportunities

Our Conduct and Equal Opportunity Statement:

We uphold high standards of conduct, accountability, and risk management. We are an equal opportunities employer, committed to fair treatment and accessible recruitment processes for all candidates. We encourage applicants to inform us of any adjustment needs during the recruitment process.