Accountant/Investment Banking

Accountant

Bank of America has an excellent opportunity for an Accountant to join their team; The successful candidate will have strong experience working as an accountant within the Financial Industry.

Daily P&L & Balance Sheet - Reporting & Oversight:
*Production and/or review of official daily P&L explain and its provision for VaR backtesting.
*Approval of daily sub-ledger P&L generated by Middle Office for reporting into Greensheets.
*Responsibility for daily management adjustments to P&L
*Daily P&L reporting to local and regional management.
*Oversight of trader estimate to official T+1 P&L variances as business unit level.
*Preparation of daily P&L commentary and substantiation to market events.
*Review of material new deals.
*Review and approval of changes to valuation adjustments & reserves.
*Review of changes to daily balance sheet & substantiation to transactional activity.

Core Financial Oversight Functions:
*Price verification (daily, weekly, monthly).
*Validation of appropriate application and use of models for books & records.
*Monthly & quarterly revenue commentary.
*Maintaining/updating valuation adjustment & reserve policies.
*Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.
*Determining and implementing appropriate accounting policies & procedures (with Accounting Policy).
*Managing key accounting, legal entity, regulatory and P&L issues with the business.
*Month end close, including Financial Disclosures and calculation and recording of netting entries
*Participation in the New Product Review and Appropriation Request processes: modelling structures and process scenarios, review, and control.
*Contributing to Governance process, operational error reporting and support of other internal control process, including SOX.

Planningplans; budgets; and forecasts.
*Provide regular updates, analytics and commentary on Line of Business performance.

Essential Requirements
*Good working knowledge of accounting concepts or a relevant degree
*Excel: Able to build and use spreadsheets.
*Customer/Client:
Helps associates understand the impact of their work on the customer/client, successfully builds and maintains customer/client relationships, maintains unwavering focus on delighting the customer/client.

Drives Execution:
*Influence: Collaborates within the business unit through effective partnering and information sharing.
*Business Results:
Consistently delivers superior results, persists despite obstacles, setbacks and competing influences. Continuously looks for new and better ways of doing things.
*Manages Risk: Thoroughly analyses opportunities and issues and then takes appropriate action.

Desirable
*Product Knowledge: Ability to demonstrate an interest in trading products risk and valuation.
*Access knowledge
Product Control background

Hy-phen Limited is acting as an Employment Business in relation to this vacancy.

The Adecco Group UK & Ireland is an Equal Opportunities Employer.