EMEA | Chester | Chief Finance Officer | Graduate Financial Analyst

Graduate Financial Analyst Trainee – Chester

Overview

At Bank of America, we’re shaping the worlds of sustainable finance, technology and workplace culture to be smarter, greener, safer and more inclusive. Join us as a Graduate Financial Analyst and we’ll help you shape your world too, with opportunities to learn, grow and progress. 

Joining our Chester office would make you part of one of the largest investment banks in the world, and the only Tier One Investment Bank in the North West. As a Graduate Financial Analyst, you’ll be part of the Chief Financial Officer (CFO) Group, which is responsible for the overall financial management of Bank of America, and supports a number of trading functions across Global Markets. This work helps multinational organisations, governments and individuals to trade globally and is critical to our success as a bank.

As part of our global strategic vision, Chester has been selected as a core location for the CFO group. Over the past 18 months we’ve been growing our teams here by hiring more than 50 new accounting professionals from a wide variety of backgrounds. We have a number of entry-level opportunities that are ideal for both recent graduates and those with 6-18 months of industry experience. We’re currently seeking applicants who have a keen desire to progress within the finance and accounting field, although a background in finance and accountancy is not required. 

As part of CFO you’ll have the opportunity to demonstrate an eye for business and put your problem-solving skills to work. You’ll learn from and interact with a variety of internal business partners across all areas of the bank, gaining excellent exposure to the industry.

As a Graduate Financial Analyst, you’ll be responsible for the following:

Reporting and oversight of our daily P&L and balance sheet:

• Producing or reviewing our official daily P&L explain and its provision for VaR backtesting
• Approving our daily sub-ledger P&L
• Daily management and adjustments to P&L
• Daily P&L reporting to local and regional management
• Take care of the trader estimate to official T+1 P&L variances as business unit level
• Preparing daily P&L commentary and substantiation to market events
• Reviewing changes to daily balance sheet and substantiation to transactional activity

Core financial oversight functions:

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

Planning and reporting:

• Participating in the formulation of business strategies; plans; budgets; and forecasts
• Providing regular updates, analytics and commentary on line of business performance
• Managing the expense approval process for both deal-related and organisational expenses; providing expense analytics and assisting the business with recovering deal-related expenses

What we look for?

• A minimum 2:1 degree from an accredited UK University or college (or equivalent)
• An interest in learning about finance, investment banking and markets
• The desire to build a rewarding career in the North West
• Rich and varied experiences from a range of backgrounds.
• Personal integrity and accountability.
• Proactive with strong attention to detail.
• Respect for our core values; deliver together, act responsibly, realize the power of our people and trust the team.

It is not necessary for new recruits to have completed any work experience in financial services as industry specific knowledge can be learned on the job. In addition, you will attend a structured learning programme which provides insight into the financial products we trade and the markets in which we operate.

All new hires will also undertake a formal on-boarding programme with a focus on navigating our organisation and ongoing support to ensure a smooth transition into the working environment of our firm.

How will you shape your world?

At Bank of America, we’ll help you shape your world with opportunities to learn, grow and belong. As an organisation we want you to succeed: we’ll invest in you and your personal and professional development. Initially, this will be in the form of exam sponsorship, including study support for an accountancy qualification, alongside mentoring, and in the future you will have access to a dedicated internal mobility team designed to help facilitate potential moves within CFO and the wider bank.

About us

The worlds of sustainable finance, workplace culture and technology are evolving fast. Together we can shape them to be smarter, greener, safer and more inclusive.

At Bank of America, we care deeply about our planet and the people on it. That’s why each year we provide billions of dollars in financing for sustainable business activities. We develop emerging technology to help organizations gain funding more safely, rapidly and globally than ever.

As a valued member of our team with responsibilities from day one, we’ll ask that you take the time to understand our Code of Conduct and how we manage risk.

We need all kinds of people, perspectives and skills, so if you’re as passionate as we are about making the world better, this could be the opportunity for you.

Our recruitment process

Full-time recruiting takes place on a rolling basis once our applications are open. Assessments often begin before the deadline, so it’s best to submit your application early as this will give you the best chance of being considered for the role.

We care deeply about shaping the world of work to be an equal and inclusive one – and that starts with our recruitment process. We know just how important and valuable it is to have a wide range of skills, backgrounds and experiences shaping our work and ideas. We welcome applicants from all backgrounds, and we’re proud to focus on attracting, retaining and developing diverse talent within Bank of America. Together, we aim to mirror the customers, clients and communities we serve.

What if I need workplace adjustments?

We’re committed to ensuring our online application process provides an equal employment opportunity to all job seekers. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please email juniortalentemea@bofa.com and let us know. We’ll get back to you within two business days.

We offer a competitive Salary and Benefits package