CFO - Senior Finance Analyst - Capital Management

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
This job is responsible for capital reporting and analytics, including calculating risk-weighted assets, measuring and monitoring Global Systematically Important Bank (G-SIB) scores, developing reports for Lines of Business (LOB) stakeholders, and implementing new models. Key responsibilities may also include developing LOB capital forecasts and producing peer analytics and impact assessments for new transactions, products and proposed rule changes.

Line of Business Job Description:

The Capital Forecasting and Analysis Team is responsible for leading integrated capital management strategy, which includes Enterprise-level capital planning and optimization. This team is responsible for the Capital Plan under CCAR, for the capital components of the Recovery and Resolution plans, and top of house capital strategy. The team is responsible for compiling the capital forecast and assessing capital adequacy relative to targets and requirements.

Responsibilities:

• Analyzes business balance sheet and risk-weighted assets identifying optimization opportunities
• Ensures process, documentation, and procedures align with rule conformance of Basel capital requirements
• Consolidates and delivers monthly Basel III capital results, explaining key drivers of variances
• Provides transactional support for live transactions
• Assists and educates business partners about capital, regulatory requirements, providing recommendations on how to operate in a capital efficient manner
• Facilitates capital forecasting for strategic planning and capital planning purposes, including stress testing
• Monitors portfolios to anticipate capital needs and financial resource use

The candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:

• Support the capital planning process by preparing regulatory capital ratio forecasts for the purposes of capital adequacy assessments, recovery planning, resolution planning, etc.

• Support weekly integrated financial outlook production process

• Support enhancement of the capital management process, including better connectivity across business areas and legal entities

• Develop business partnering skills and cross-functional knowledge through interactions with other capital management teams as well as Risk Management, Balance Sheet Management, Corporate Strategy, Global Liquidity Management, Global Stress Testing and Global Recovery & Resolution Planning

• Gain knowledge on regulatory capital calculation and reporting regimes and their implications for the Company         

Required Qualifications:

• Minimum 5 years’ experience in the financial industry
• Strong communication and business partnering skills
• Attention to detail
• Highly motivated and enjoys taking initiative
• Embraces challenges and change
• Advanced proficiency in MS office tools such as Excel and PowerPoint
• Ability to work well in a team environment

Desired Qualifications:

• Familiarity with Basel III rules/regulations
• Knowledge/understanding of CCAR requirements and processes
• Basic Excel VBA skills with specific application to process automation

Minimum Education Requirement: Bachelor of Science or Bachelor of Arts (Finance/Accounting preferred)

Skills:

• Analytical Thinking
• Data and Trend Analysis
• Financial Forecasting and Modeling
• Reporting
• Scenario Planning and Analysis
• Adaptability
• Attention to Detail
• Policies, Procedures, and Guidelines
• Regulatory Compliance