Job Description: This role is supporting the EMEA Structured Rates business, which trades exotic interest rate and FX derivatives. The team consists of 9 associates in London, and a further 11 associates in our GBS locations. The BF&C teams works closely with the EMEA Global Rates trading desks, the global valuations group (GVG), market risk, legal entity controllers and many other support functions Job Responsibilities: Valuation control – monthly calculation and analysis of Independent Price Verification, valuation adjustments and Prudent Valuation AVAs, as well as contribution to quarterly disclosures such as FAS157 and CCAR scenario reporting P&L commentaries including detailed analysis of material P&L events Maintaining and updating policies and procedures for valuation control processes Working with the GVG group to develop valuation control methodologies and practices Review and enhancement of P&L explain calculations and processes Managing key valuation, accounting, legal entity, regulatory and P&L issues with the business Engage with the Accounting Policy Group to implement appropriate accounting policies and procedures Balance sheet commentaries for material movements Reviewing P&L and Valuation Control tasks performed by our GBS team Assist in the streamlining and enhancement of all BF&C processes and become actively involved with system development ranging from technical enhancements and new product releases to automation of existing processes Participation in the new product reviews Job Requirements: Have the ability to apply financial accounting and reporting expertise, along with financial analysis and reasoning skills Preferably you will be a qualified Accountant (ACA, ACCA, CIMA or equivalent) or a CFA with good working knowledge of accounting concepts Successful applicants will have previous valuation control experience Be able to demonstrate accounting knowledge and financial acumen Job Details: Company: Bank of America Vacancy Type: Full Time Job Location: Bristol, England, UK Application Deadline: N/A Apply Here vacancyvite.com
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