Financial Management 2025 Analyst

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’re 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!

The Team

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company, including accounting, balance sheet management, financial planning and analysis, corporate treasury, investor relations, corporate investments, and tax. Within finance, there are various teams for example, Global Banking and Market finance (GBAM), CFO Data Management (CFO DM), Global Liquidity Management (GLM), Financial Planning & Analysis (FP&A) etc.

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 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 Northwest. As a 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 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.

Training and Development

The Financial Management Analyst programme (FMAP) is a two-year rotational programme, where you will gain the opportunity to experience two roles within Chester CFO. This in turn will provide you with skills, knowledge, experience and build your network preparing you for your career at Bank of America.

Your training and development is our top priority with extensive formal training offered throughout the programme in addition to on the job support, educational speaker events and mentorship throughout.

Responsibilities

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
• Reconciling daily trading system and sub-ledger PL
• 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 online 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

Eligibility:

• Applications are accepted from a diverse range of degree disciplines such as the arts and humanities, as well as numerically focused subjects such as economics and mathematics
• Candidates are required to be pursuing a bachelor’s or master’s degree from an accredited college or university, with a graduation timeframe between January 2024 – June 2025
• Achieved minimum of 112 UCAS point (or equivalent) and on track for a minimum 2:1 degree classification (or equivalent)
• Able to join the programme in January 2025 or July 2025
• To be eligible to apply for this role, you must have the right to work in the UK as visa sponsorship is not available for it.

What we are looking for

Essential:

• Personal integrity and accountability.
• Proactive with strong attention to detail.
• Respect for our core values; deliver together, act responsibly, realize the power of our people, and trust the team.
• An interest in learning about finance, investment banking and markets
• The desire to build a rewarding career in the Northwest.

Desired:

• Rich and varied experiences from a range of backgrounds.

It is not necessary for new recruits to have completed any work experience in financial services as industry specific knowledge can be learned on the job. In addition, you will attend a structured learning programme which provides insight into the financial products we trade and the markets in which we operate.

All new hires will also undertake a formal on-boarding programme with a focus on navigating our organisation and ongoing support to ensure a smooth transition into the working environment of our firm.

Our recruitment process

Analyst internship and full-time recruiting takes place on a rolling basis once our applications are open. Assessments often begin before the deadline, so it’s best to submit your application early as this will give you the best chance of being considered for the role.

What if I need workplace adjustments?

We are committed to ensuring our online application process provides an equal employment opportunity to all job seekers. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please email juniortalentemea@bofa.com and let us know. We will be more than happy to discuss the support you need, and we will respond to your email within two business days.

We offer a competitive Salary and Benefits package