Senior Product Controller

Bank of America is guided by a common purpose to help make financial lives better through the power of every connection. We drive Responsible Growth and deliver for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth, including our commitment to being an inclusive workplace, attracting and developing talent, supporting wellness, recognizing performance, and making an impact in the communities we serve.

Location: London

The Team

Business Finance & Control (BF&C) forms part of the GBAM CFO Group and is responsible for valuation control and analysis, P&L substantiation, and balance sheet oversight. This role supports the EMEA Global Financing & Futures (GFF) business, which manages securities repo activity for Global Markets, as well as client Futures and Options. The BFC teams work closely with Front Line Units, the global valuations group (GVG), market risk, legal entity controllers and other support functions. The London-based GFF BFC team consists of four associates. The role provides opportunities to present to senior Front Office and CFO management, regionally and globally.

Responsibilities

• Day-to-day P&L, Balance Sheet and Valuation control responsibilities within the EMEA Global Financing & Futures (GFF) BFC team in London
• Identify and investigate valuation discrepancies and liaise with Front Line Units (FLUs), Risk, Operations and other finance teams to resolve issues
• Analyse drivers of P&L and balance sheet movements, providing commentary and insight for management
• Engagement with the Accounting Policy Group to implement appropriate accounting policies and procedures
• Ensure adherence to accounting policies relating to repos, including sale and repurchase accounting, as well as compliance with FIN41 and IFRS netting guidance for financial instruments
• Work with the GVG group to ensure ongoing review & enhancement of valuation control methodologies and practices; ensure procedure documents are accurate and up to date
• Assist in streamline and enhancement of all GFF BFC processes and participate in system development ranging from technical enhancements and new product releases to automation of existing processes
• Contribute to governance processes, operational error reporting and support of other internal control processes, including SOX
• Contribute to audit engagements, addressing queries on valuation, accounting treatment, and finance controls
• Provide finance leadership on new product approvals, system implementations, and accounting policy changes affecting repo activity

What We Are Looking For

• Preferably Qualified Accountant (ACA, ACCA, CIMA or equivalent) or CFA with good working knowledge of accounting concepts
• Applies Financial Accounting & Reporting Expertise
• Applies Financial Analysis and Reasoning Skills
• Demonstrates Accounting Knowledge
• Demonstrates Financial Acumen

Benefits Of Working At Bank Of America UK

• We prioritise employees’ health and wellbeing as part of being a Great Place to Work
• Private healthcare for you and your family plus an annual health screen
• Competitive pension plan, life assurance and group income protection
• 26 weeks paid maternity leave, 16 weeks paid paternity leave and inclusive family leave arrangements for working parents and carers
• Flexible benefits including a wellbeing account, travel insurance, critical illness, cycle to work, etc.
• Access to Employee Assistance Program for confidential support; virtual GP services and counselling
• Charity payroll donations with employer matching
• Arts & Culture corporate membership program with discounted access to cultural institutions
• Volunteer opportunities in local communities

Code of Conduct and Equal Opportunity

Bank Of America: Good conduct and sound judgment are crucial to long-term success. We are an equal opportunities employer and ensure no applicant is subject to less favorable treatment on grounds of sex, gender identity, race, religion, age, sexual orientation, disability, or other protected characteristics. We strive to make recruitment processes accessible and encourage candidates to share any adjustment requirements.