EMEA | Chester | GBAM Finance -CFO| Graduate Financial Analyst

Graduate Financial Analyst- Chester

It’s your career, so own it. Looking for a place where you can have real ownership over your work? At Bank of America Merrill Lynch, we give you the opportunity to make the best of your skills and passions and turn your job into a career.

At our Chester office, you would be joining one of the largest investment banks in the World and the only premier Bank in the North-west. In Chester we support the Chief Finance Office Group (CFO) which serves a number of essential trading functions within Bank of America. Supporting these trading functions is critical to our success as a Bank and the work we do in Chester has a global impact by helping multinational organisations, governments and individuals trade successfully on the global markets.

As part of our strategic vision for the CFO group globally we have selected Chester to be our Centre of Excellence and have been growing our teams by hiring more than 50 new accounting professionals from a wide variety of backgrounds in the past 18 months. As an organisation we want you to succeed and will invest in you and your personal & professional development. Initially this will be in the form of exam sponsorship and mentoring while in the future you will have access to a dedicated internal mobility team designed to help with future moves within CFO and the wider bank

We have a number of entry level opportunities within our Chief Financial Office in Chester. This opportunity is ideal for both recent graduates and those with up to 6-18 month’s industry experience. If you have a desire to learn and are focused on creating a rewarding career in the North West, we want to hear from you.

We are currently seeking applicants who have a keen interest and desire to progress within the finance and accounting field. 

As part of our Chief Financial Office Group, you will have the opportunity to demonstrate exceptional attention to detail and put your problem solving skills to work. You will both learn from and interact with a variety of internal business partners across all areas of the bank, providing you with excellent exposure to the industry.

You’ll be joining dynamic and supportive teams and you will have access to on-going training and opportunities for future career development.

If you wish to be selected for one of our many exciting roles, we will be running an Assessment Centre which is designed to enable you to demonstrate your key strengths and abilities.

As a Graduate Financial Analyst some of your main responsibilities would involve:

Daily P&L & Balance Sheet – Reporting & Oversight:

• Production and/or review of official daily P&L explain and its provision for VaR backtesting
• Approval of daily sub-ledger P&L
• Responsibility for daily management adjustments to P&L
• Daily P&L reporting to local and regional management
• Oversight of trader estimate to official T+1 P&L variances as business unit level
• Preparation of daily P&L commentary and substantiation to market events
• Review of changes to daily balance sheet & substantiation to transactional activity

Core Financial Oversight Functions:

• Price verification (daily, weekly, monthly)
• Validation of appropriate application and use of models for books & records
• Monthly & quarterly revenue commentary
• Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting
• Determining and implementing appropriate accounting policies & procedures (with Accounting Policy)
• Internal control process, including SOX

Planning & Reporting:

• Participation in the formulation of business strategy; plans; budgets; and forecasts
• Provide regular updates, analytics and commentary on Line of Business performance
• Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses

Skills & Experience:

• Good academic background- minimum of 2:2 or equivalent undergraduate degree
• Competence in Microsoft Office

We are committed to the development of our people through:

• Career progression and internal mobility
• A highly supportive working environment
• Internal targeted training, as well as assisted study for one of the following accounting professional qualifications- Chartered Institute of Management Accountants (CIMA), Association of Chartered Certified Accountants (ACCA) or ICAEW Chartered Accountant (ACA).
• Access to special interest initiatives, such as volunteering and the environmental working group
• A competitive, flexible benefits package that’s one of the best in the financial services industry
• If you bring your ambition, we will constantly develop your skills to enable you to reach your full potential.

About Bank of America Merrill Lynch

Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.

The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch’s responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.

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If you‘re interested in this opportunity please send your details to us by applying online.