Senior Product Associate

Senior Product Associate

Chester Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Dive into financial products and help optimise business performance daily.
  • Company: Join Bank of America, a leader in financial services committed to making lives better.
  • Benefits: Enjoy private healthcare, flexible benefits, and generous parental leave options.
  • Why this job: Gain industry experience, build a professional network, and thrive in a supportive learning environment.
  • Qualifications: A 2:1 degree or equivalent and a passion for finance are essential.
  • Other info: No prior financial services experience needed; comprehensive training provided.

The predicted salary is between 43200 - 72000 £ per year.

Job Description:

Job Title: Senior Product Associate

Corporate Title: Vice President

Location: Chester

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates\’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Location Overview:

Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

The role:

  • Gain an in-depth understanding of the financial products, market risk profile and risk mitigation techniques and strategies
  • Be responsible for producing and reviewing daily/monthly Profit & Loss and Balance Sheet, including month end close process
  • Partner with colleagues across the bank to investigate and resolve accounting issues
  • Validate our reporting to external regulators
  • Provide financial insight and partner with Trading colleagues to optimise business performance
  • Engage in ad-hoc project work to drive efficiency and enhancement to our routines

Why Join Global Markets Finance in Chester?

  • Industry Experience – Practically apply accounting skillsets within a dynamic industry and fast paced environment.
  • Market Insight – Develop an understanding of the structure of global markets and their impact on our daily trading flows.
  • Data Driven Approach – Learn to develop with Emerging Technology tools that provide cutting edge insight into the data that drives our business.
  • Professional Network – Exposure to senior leaders across the organisation allowing associates to build profile and a network of key contacts.
  • Progression & Promotion – High focus on talented employees with a tailored approach to ensure every individual is given opportunities to progress their career.
  • Internal Mobility – High levels of engagement with multiple groups and a excellent track record in placing employees into roles across our global organisation.
  • Supportive Learning Environment – Role specific learning and development opportunities to ensure associates are agile and develop a highly transferrable skillset.
  • Culture of Openness and Integrity – Open and transparent discussion at all levels of key matters as they arise.
  • Corporate Social Responsibility – A culture of caring with opportunities to volunteer our time and skills for the benefit of our local community.

What we are looking for:

  • A genuine interest in our business and intellectual curiosity
  • A passion for serving our clients and the communities in which we work
  • Personal integrity and accountability, ability to review, debate and challenge processes
  • Proactive and excellent attention to detail, with excellent organisational skills to effectively manage competing deadlines and pro-active management escalation
  • Ability to bring your authentic self to work every day
  • Respect for our core values; deliver together, act responsibly, realize the power of our people and trust the team

Skills that will help:

  • 2:1 from a UK University (or equivalent)
  • Qualified/part qualified accountant (ACCA, ACA, CIMA or equivalent)
  • Rich and varied experiences from a range of backgrounds
  • Advanced Excel skills
  • Understands and applies knowledge of financial concepts, principles, products, and other relevant financial information

It is not necessary for new recruits to have worked in financial services previously 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.

Benefits of working at Bank of America:

UK

  • At Bank of America, we strive to prioritise employees\’ health and wellbeing – it\’s what makes us a Great Place to Work.
  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons.
  • We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.
  • 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 to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work etc.
  • Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.
  • Access to an Employee Assistance Program for confidential support and help for everyday matters.
  • 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 and receive discounted entry to some of the UK\’s most iconic cultural institutions and exhibitions.
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. #J-18808-Ljbffr

Senior Product Associate employer: IIBA (International Institute of Business Analysis)

At Bank of America, we pride ourselves on being an exceptional employer, offering a supportive and inclusive work culture in the picturesque city of Chester. Our commitment to employee wellbeing is reflected in our comprehensive benefits package, including private healthcare, generous parental leave, and opportunities for professional growth through tailored development programmes. Join us to build a rewarding career while making a meaningful impact in the community and enjoying the vibrant culture and history that Chester has to offer.
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Contact Detail:

IIBA (International Institute of Business Analysis) Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Product Associate

✨Tip Number 1

Familiarise yourself with Bank of America's core values and culture. Understanding their commitment to Responsible Growth and inclusivity will help you align your responses during interviews, showcasing how you embody these principles.

✨Tip Number 2

Network with current or former employees of Bank of America, especially those in similar roles. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach when applying.

✨Tip Number 3

Stay updated on financial market trends and news. Demonstrating your knowledge of current events in the financial sector during discussions can set you apart as a candidate who is genuinely interested in the industry.

✨Tip Number 4

Prepare for potential case studies or practical assessments that may be part of the interview process. Practising problem-solving scenarios related to financial products and risk management can give you an edge in demonstrating your analytical skills.

We think you need these skills to ace Senior Product Associate

Financial Analysis
Advanced Excel Skills
Accounting Principles
Profit & Loss Management
Balance Sheet Analysis
Risk Mitigation Strategies
Attention to Detail
Organisational Skills
Problem-Solving Skills
Communication Skills
Team Collaboration
Project Management
Intellectual Curiosity
Adaptability
Client Relationship Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Senior Product Associate role. Emphasise your understanding of financial products, market risk, and any accounting qualifications you possess.

Craft a Compelling Cover Letter: Write a cover letter that showcases your genuine interest in Bank of America and the specific role. Mention how your background and skills can contribute to their goals of Responsible Growth and client service.

Highlight Relevant Skills: In your application, focus on key skills mentioned in the job description, such as attention to detail, organisational skills, and your ability to work collaboratively. Provide examples of how you've demonstrated these skills in previous roles.

Showcase Your Learning Mindset: Express your willingness to learn and adapt, especially regarding financial services knowledge. Mention any relevant training or courses you've undertaken that demonstrate your commitment to professional development.

How to prepare for a job interview at IIBA (International Institute of Business Analysis)

✨Understand the Role

Before the interview, make sure you have a solid grasp of what a Senior Product Associate does. Familiarise yourself with financial products, market risk profiles, and the specific responsibilities mentioned in the job description. This will help you answer questions confidently and demonstrate your genuine interest in the role.

✨Showcase Your Analytical Skills

Given the emphasis on data-driven approaches and financial insight, be prepared to discuss your analytical skills. Bring examples of how you've used data to drive decisions or improve processes in previous roles. Highlight your advanced Excel skills and any relevant experience with financial concepts.

✨Demonstrate Cultural Fit

Bank of America values personal integrity, accountability, and a culture of openness. During the interview, share experiences that reflect these values. Discuss how you’ve worked collaboratively in teams and how you respect core values like delivering together and acting responsibly.

✨Prepare Questions

Interviews are a two-way street. Prepare thoughtful questions about the company culture, team dynamics, and opportunities for professional development. This shows your enthusiasm for the role and helps you assess if the company is the right fit for you.

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