Description
Financial Analyst, General Ledger, PRA, Control, Chester 6 months
Bank of America Merrill Lynch is looking to appoint a Financial Analyst to their regulatory Reporting ream in Chester, the team monitor and report on PRA Guidelines, Ideally a qualified accountant with strong general ledge knowledge will add value to this position.
The team is part of the EMEA Chief Financial Office and is responsible for the daily and monthly calculation of regulatory capital, in accordance with Prudential Regulatory Authority (PRA) guidelines for a number of UK based regulated entities.
The principle purpose of the role will involve preparing and co-coordinating the filing of PRA and Bank of England returns for Bank of America Merrill Lynch International Limited and Bank of America.
Responsibilities
You will be expected to play a key role in the UK Regulatory Reporting team performing the tasks and functions you are allocated; to produce high quality deliverables in an efficient manner in line with timeframes agreed and to challenge existing processes to encourage innovation and improvements. You will be working within a strong team and you are expected to be proactive, motivated, enthusiastic and driven.
In addition you should develop a solid understanding of the business, drive execution, sustain focus and optimism and live the Bank of America Merrill Lynch key values and culture.
An indication of some key tasks you will be allocated/contribute to as part of the team are noted below:
- Responsibilities in connection with the preparation and distribution of the daily and monthly calculation of regulatory capital and the preparation and submission of the quarterly regulatory returns to the PRA and the FCA for key UK regulated entities
- Performing analysis on capital movements, liaising with the business and support functions to understand the results, conducting appropriate due diligence and articulating the conclusions with sufficient detail and evidence. Supporting legal entity simplification and business migration initiatives
- Support the preparation of external and internal requests in respect of regulatory information
- Assist in the production of analysis on new, significant and unusual transactions to ensure potential capital implications are understood
- Conduct research on regulatory requirements, assist in the preparation of capital impact analysis and presentation on proposed and upcoming regulatory rule reforms
- Participate, as required, in assignments to identify and implement improvements to the process and control framework within which the group operates
You will also be expected to:
- Create and foster strong working relationships within the team; and as required, across the wider organization, particularly with Finance, Risk, the Business and Technology to facilitate better interaction and connectedness
- Build a working knowledge of the key systems, technology and infrastructure utilised by the group
- Establish and continuously develop your understanding of the business conducted by the key regulated entities including forming a working knowledge of products traded and services executed to assist in performing useful and informed analysis of the regulatory information
- Conduct yourself in a professional manner at all times and work diligently as a key member of the team advising multiple functions across the organization, including senior management, on regulatory capital information
- Proactively build and develop your knowledge of the regulatory framework, rules and potential developments
Skills we look for
Essential Skills
- Part qualified/qualified Accountant (ACA, ACCA, CIMA or equivalent) with good working knowledge of accounting concepts or a relevant degree
- Strong communication skills - both written and verbal
- High level of ownership and attention to detail
- Demonstrate ability to work in a team, while contributing individually and across other teams
- Strong controls mentality
Nice to have
- General Ledger Experience
- Excel proficiency
If you wish to apply for the above position, please call me or email
Please be advised if you haven't heard from us within 24 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you accordingly.
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