Senior Product Controller - Equities

Job Title:

Senior Product Controller - Equities

AVP up to VP

London

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 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!

Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern work spaces and a state‑of‑the‑art auditorium space. In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London.

Finally, your physical wellness is well‑catered for with our onsite gym facilities and medical centre.

The Equity Derivatives Business, Finance Analysis team is comprised of 20 dedicated professionals, with associates based in both London and Chester.

The primary function of the Equity Business, Finance Management & Strategy team is to provide control & business advisory guidance. Key business partners are the Trading Desk, Global Valuation Group (GVG), Credit & Market risk, Regulatory Reporting and the RWA team.

The Equity Business, Finance Management & Strategy team supports the Equity Trading Desk; this comprises Equity Derivatives , Equity Execution Services, and Prime Financing .

This role is to support the Equity Derivatives business, which makes secondary markets in European equity derivatives (Single Stock and Index Options, Emerging Markets, Exotics products, Fund Derivatives and Corporate Derivatives)

• Preparation of daily P&L commentary and substantiation based on market events
• Review of material new deals
• Calculation of valuation adjustments & reserves, with responsibility over corresponding substantiation and commentary
• Review of changes to daily balance sheet & substantiation based on transactional activity

• Independent price verification analysis and reporting (daily, weekly, monthly)
• Weekly, Monthly & Quarterly revenue commentary
• Maintaining valuation adjustment & reserve calculations such that they're in‑line with current policies
• Balance sheet analysis (capital, liquidity, exposures etc.) including inventory aging, and reporting (Managerial and Regulatory)
• 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 / recording of netting entries
• Exercise of control oversight on behalf of the business
• Participation in the New Product Review and Appropriation Request processes: modelling structures, process scenarios, review, and control
• Contributing to Governance process, operational error reporting and support of other internal control process, including SOX
• Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems

• Act as key member and advisor to Line of Business Senior Management…