CFO Graduate Financial Analyst Trainee

Bank of America

At Bank of America, we're 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 Trainee and we'll help you shape your world too, with opportunities to learn, grow and progress.
What you need to apply
You'll need to have a minimum of 2:2 or an equivalent undergraduate degree
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 Trainee, 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. Over the past 18 months we've been growing our teams here by hiring more than 50 new accounting 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're 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'll have the opportunity to demonstrate an eye for business and put your problem-solving skills to work. You'll 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 Graduate Financial Analyst Trainee, you'll be responsible for the following:
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

What you'll need to apply:

• A good academic background, with a minimum of 2:2 or an equivalent undergraduate degree
• An interest in learning about finance, investment banking and markets
• The desire to build a rewarding career in the North West

How will you shape your world?
At Bank of America, we'll help you shape your world with opportunities to learn, grow and belong. As an organisation we want you to succeed: we'll invest in you and your personal and professional development. Initially, this will be in the form of exam sponsorship, including study support for an accountancy qualification, alongside mentoring, and in the future you will have access to a dedicated internal mobility team designed to help facilitate potential moves within CFO and the wider bank.
About Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America is the marketing name for the global banking and markets businesses.
The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America responsibility platform. In more than 90 countries around the world, we partner with employees, clients and business partners to help make financial lives better.
Apply
We need all kinds of people, perspectives and skills, so if you're as passionate as we are about making the world better, please apply by sending us your details online. We'd love to hear from you. If you wish to be selected for one of our many exciting roles, we'll be running an Assessment Centre where you'll be able to demonstrate your key strengths and abilities.
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.