Product Control Lead

Bank of America; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Product Control Lead to oversee EMEA Equities - Prime Financing. This role involves engaging with senior stakeholders, enhancing control processes, and supporting a diverse team. The ideal candidate will bring strong analytical and communication skills while leading by example. The workplace promotes inclusivity and offers a range of competitive benefits, ensuring a supportive environment for all employees. If you are passionate about finance and ready to make a significant impact, this opportunity is perfect for you.

Benefits

Private Healthcare

Competitive Pension Plan

Back-up Childcare

Flexible Benefits

Emotional Wellbeing Helpline

Employee Assistance Program

Charity Donation Matching

Arts & Culture Membership

Community Volunteering Opportunities

Qualifications

• Strong analytical and communication skills to engage with senior stakeholders.
• Proven experience in process improvements and setting high control standards.

Responsibilities

• Deputizing for EMEA Prime Financing CFO and supporting team development.
• Engaging with business heads to oversee control on new products and initiatives.
• Leading supervisory review and governance processes for SEC disclosures.

Skills

Analytical Skills

Communication Skills

Leadership

Process Improvement

Time Management

Education

Professional Qualification

Tools

Financial Metrics

KPI Monitoring

Job description

Job Description:

Job Title: Product Control Lead

Location: London

Corporate Title: VP / Director

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.

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.

The Team:

The wider Equities - Prime Financing team comprises around 40 dedicated Product Controllers across our Chester and London locations who together support the broad array of businesses which make up this key component of our Equities markets franchise.

Responsibilities:

Key responsibilities as part of Global Markets CFO supporting EMEA Equities- Prime Financing as London Lead:

• Deputising for London based EMEA Prime Financing CFO and Chester based Swaps and Prime Product Leads and assisting in supporting, coaching and development of the broader Prime Financing team.
• Building strong local business engagement at a Business Head level to support all aspects of BFC:
• Control oversight on new products and initiatives by Trading Desks
• Working with Front Office to explain and challenge their P&L and Valuations metrics
• Significant transaction reviews
• Business initiative partnership
• Representing Prime Financing with senior stakeholders across Legal Entity Control, Accounting Policy, Enterprise Capital Management, Regulatory Reporting, Liquidity and Treasury
• Continuous focus on challenging and improving controls, processes, applications and data sources across the team.
• Lead role in supervisory review and governance processes and ownership of a range of SEC and Regulatory disclosures.
• Supporting the team in aspects of P&L and Balance Sheet substantiation and delivery of financial metrics regarding business performance to senior management.
• Collaborate across the team/s on projects and initiatives
• Production and monitoring of Daily and Monthly KPI’s

What we are looking for:

• Ability to review, debate and challenge “the work”
• Lead by example and set high controls standards for the team
• Strong analytical and communication skills (both written and verbal to senior stakeholders)
• Ability to respond appropriately to time-sensitive requests
• Professional Qualification preferable
• Exposure to Equity products
• Proven experience of providing process improvements

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.
• Competitive pension plan, life assurance and group income protection cover.
• 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.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support.
• 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.
• Opportunity to give back to your community by volunteering.

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.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment.