Senior Product Controller

Job Description

Job Title:

Senior Product Controller Corporate

Title:

Vice President

Location:

London Company Overview

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!

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern work spaces and a state‑of‑the‑art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London.

Finally, your physical wellness is well‑catered for with our onsite gym facilities and medical centre.

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 is supporting 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 the Front Line Units, 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 will provide opportunities to present to senior Front Office and CFO management, both regionally and globally.

• 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 FIN
  41 and IFRS netting guidance for financial instruments.
• Working with the GVG group to ensure ongoing review & enhancement of valuation control methodologies and practices. Ensuring procedure documents are accurate and up to date.
• Assist in the streamlining and enhancement of all GFF BFC processes and becoming actively involved with 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 process, 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.

• 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

• At…