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Manager Reporting - Accounting Policy

Bank of America

Bank of America

Accounting & Finance
London, UK · United States · Remote
Posted on Wednesday, June 19, 2024

Job Description:

Job Title: Manager Reporting – Accounting Policy

Corporate Title: Director

Location: London

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.

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!

Responsibilities:

  • Support the London Head of Accounting Policy on IFRS matters

  • Provides complex accounting guidance to Finance and Traders within the Broker Dealer for compliance with GAAP

  • Offer professional technical accounting assistance on capital market transactions and events, including drafting memos to support the accounting conclusions

  • Reviews new products and complex structured transactions.

  • Participates in the implementation of new accounting standards and Corporate Accounting Policies

  • Assist in maintaining the corporate accounting policy manual and offer improvements and supplements to the manual

  • Oversee emerging French GAAP standards of accounting and interpreting the effects to the organization

  • Acts in an advocacy role on behalf of the bank with accounting standard setters and various industry organizations

  • Reviews the Broker Dealer’s financial statements using French GAAP & IFRS

  • Assist in drafting comment letters to standard setters and regulatory bodies

  • Interacts directly with External & Internal audit engagement management and staff

What we are looking for:

  • Deep technical knowledge of the IFRS accounting standards, some US GAAP knowledge would be preferred

  • Proven understanding of Capital Markets

  • Prior Big-4 audit experience preferred

  • Understanding of ECB regulations

  • Ability to understand and dissect complex transactions

  • Ability to work across teams within the organization to implement accounting standards and lead projects

  • Confident communication skills, including written and oral presentation skills

  • Ability to interact at different levels of the organization

  • Excellent time management and organization skills

UK:

  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

  • 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

  • Access to an Employee Assistance Program for confidential support and help for everyday matters

  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

  • Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.