Financial Analyst Executive

3 days ago


Chester, Cheshire, United Kingdom Bank of America Full time
Job Title: Financial Analyst Executive

We are seeking an experienced Financial Analyst to join our team as a Financial Analyst Executive. This is a critical role that will support the financial planning and analysis functions within the organization.

About the Role:

  • The Financial Analyst Executive will be responsible for preparing and reviewing daily P&L commentary and substantiation based on market events.
  • They will also review material new deals, calculate valuation adjustments & reserves, and ensure corresponding substantiation and commentary are accurate.
  • This role requires strong analytical skills and attention to detail to maintain accuracy and meet deadlines.

Key Responsibilities:

  1. Daily P&L & Balance Sheet – Reporting & Oversight:
  • Preparation of daily P&L commentary and substantiation based on market events
  • Review of material new deals
  • Calculation of valuation adjustments & reserves, with responsibility over corresponding substantiation and commentary
  • Review of changes to daily balance sheet & substantiation based on transactional activity
Core Financial Oversight Functions:
  • Independent price verification analysis and reporting (daily, weekly, monthly)
  • Weekly, Monthly & Quarterly revenue commentary
  • Maintaining valuation adjustment & reserve calculations such that they're in-line with current policies
  • Balance sheet analysis (capital, liquidity, exposures etc.) including inventory aging, and reporting (Managerial and Regulatory)
  • Determining and implementing appropriate accounting policies & procedures (with Accounting Policy)
  • Managing key accounting, legal entity, regulatory and P&L issues with the business
  • Month end close, including Financial Disclosures and calculation / recording of netting entries
  • Exercise of control oversight on behalf of the business
  • Participation in the New Product Review and Appropriation Request processes: modelling structures, process scenarios, review, and control
  • Contributing to Governance process, operational error reporting and support of other internal control process, including SOX

About Us:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Our goal is to provide financial services to individuals, businesses, and institutions while promoting economic growth and stability.

Salary: £70,000 - £90,000 per annum

Location: Chester

Benefits:

  • Competitive salary and bonuses
  • Pension plan and life assurance
  • Private healthcare for you and your family plus an annual health screen
  • 20 days of back-up childcare including access to school holiday clubs
  • Flexible benefits package
  • Emotional wellbeing helpline and mental health first aiders


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