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CFO Graduate Financial Analyst Trainee

Bank of America
Pay: Competitive
Location: Chester Chester United Kingdom
Category: Graduate
Available from: Immediately
Finishes on: Ongoing Position
Type of work: Full Time, Indoor , Daytime Work
Job reference: E04770093
Financial Services 2021-10-21 2021-12-02

Job Description

CFO Graduate Financial Analyst TraineeAt 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.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. Shaping the World of Work Culture Video Player is loading.Current Time 0:00/Duration -:-Loaded: 0%Stream Type LIVERemaining Time -0:001xChaptersdescriptions off, selectedcaptions settings, opens captions settings dialogcaptions off, selectedThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorTransparencyBackgroundColorTransparencyWindowColorTransparencyFont SizeText Edge StyleFont FamilyEnd of dialog window. Here, our recent grads share some of the ways they’re making our culture more inclusive, diverse and reflective of multi-generational needs. 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 backtestingApproving our daily sub-ledger P&LDaily management and adjustments to P&LDaily P&L reporting to local and regional managementTake care of the trader estimate to official T+1 P&L variances as business unit levelPreparing daily P&L commentary and substantiation to market eventsReviewing changes to daily balance sheet and substantiation to transactional activity Core financial oversight functions: Independent price verificationValidating appropriate application and use of models for books and recordsMonthly and quarterly revenue commentaryBalance sheet analysis (capital, liquidity, exposures, etc), including inventory aging and its reportingDetermining 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 forecastsProviding regular updates, analytics and commentary on line of business performanceManaging 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 minimum of 2:1 or an equivalent undergraduate degree from an accredited UK university or college (or equivalent)An interest in learning about finance, investment banking and marketsThe desire to build a rewarding career in the North WestPersonal integrity and accountability.Proactive with strong attention to detail.Respect for our core values; deliver together, act responsibly, realise the power of our people and trust the team. How would 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.What we’re looking forWe need all kinds of people, perspectives and skills, so if you’re as passionate as we are about making the world better, this could be the opportunity for you.We’re looking for forward-thinkers, who might already have ideas of how we could lead change in our business and workplace culture. You should be comfortable taking on responsibilities from day one, and eager to grow your career and skills through our training and development opportunities. And, as you’ll be working in teams that span the EMEA and US, you’ll also need to be a keen collaborator with great communication skills.Ready to kick-start your career?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.

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