Financial Management 2025 Analyst - Chester

at  Bank of America

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We are devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organisation.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

PROGRAMME OVERVIEW

At Bank of America, we are 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 will 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, we have been growing our teams here by hiring 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 are 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 will have the opportunity to demonstrate an eye for business and put your problem-solving skills to work. You will 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 Financial Management Analyst (FMAP), your key tasks and responsibilities may include but are not limited to:

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