Job Description:
Job Title: Business Finance and Control Specialist
Corporate Title: Assistant Vice President
Location: Paris
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. 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.
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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 organization.
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!
Role Description:
This is a fantastic opportunity to join the wider CFO Group based in Paris.
- Gain an in-depth understanding of the financial products, market risk profile and risk mitigation techniques and strategies within the EU legal entities
- Be responsible for reviewing daily/monthly Profit & Loss and Balance Sheet
- Be responsible for reviewing the Valuation Control execution & documentation, including Independent Price Verification, Fair Value Hierarchy categorisation & Prudent Valuation reporting
- Work with Finance, GVG Methodology and Infrastructure teams, and other groups as necessary, to ensure that BofA has a consistent valuations framework that meets requirements, internal and external, providing effective balance sheet control
- Provide financial insight and partner with Trading colleagues to optimise business performance.
- Coordinating senior management and regulatory business initiatives to ensure we have cross region and cross LOB consistencies
- Engage in ad-hoc project work to drive efficiency and enhancement to our routines
Why Join Global Markets Finance in Paris?
- Industry Experience - Practically apply accounting skillsets within a dynamic industry and fast paced environment.
- Market Insight - Develop an understanding of the structure of global markets and their impact on our daily trading flows.
- Professional Network - Exposure to senior leaders across the organisation allowing associates to build profile and a network of key contacts.
- Progression & Promotion - High focus on talented employees with a tailored approach to ensure every individual is given opportunities to progress their career.
- Internal Mobility - High levels of engagement with multiple groups and a strong track record in placing employees into roles across our global organisation.
- Supportive Learning Environment - Role specific learning and development opportunities to ensure associates are agile and develop a highly transferrable skillset
What we look for?
- Experience working in an international bank / financial institution with an understanding of Global Markets
- Experience working with stakeholders globally across a matrix organisation
- Bachelor's Degree, in accounting or finance or equivalent experience
- Valuation analysis experience, including complex financials product knowledge
- Good accounting knowledge, ideally with comfort in both financial accounting and regulatory reporting concepts, with strong attention to detail & emphasis on documentation
- Personal integrity and accountability, ability to review, debate and challenge processes
- Proactive attention to detail, with strong organisational skills to effectively manage competing deadlines and pro-active management escalation
- Advanced Excel skills with experience of Alteryx or Tableau an advantage
- Understands and applies knowledge of financial concepts, principles, products, and other relevant financial information
Benefits - France
- Competitive retirement plan in addition to State plans
- Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.
- Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers
- Life and disability insurance
- Time Savings Account ('CET') to save some of your leave days, cash them out or use them later
- Reimbursement of 50% of your commuter pass
- Nursery scheme for children under age 3
- Works council benefits
- Access to an Employee Assistance Programme for confidential support and help for everyday matters
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities
- Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris
Bank of America
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.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.