CFO Senior Finance Analyst - Asset Liability Management

Bank of America • Charlotte, NC

7d • Onsite

About The Position

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 daily forecasting and analyzing of the bank's balance sheets, Net Interest Income (NII), Funds Transfer Pricing (FTP) and interest rate risk sensitivity. Key responsibilities include partnering with Line of Business (LOB) leaders and teammates across Corporate Treasury, Risk, and the Chief Financial Office (CFO) to deliver a dynamic, accurate, and disciplined forecast by product, LOB, and legal entity under baseline and/or stress scenarios. BSM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. These partnerships focus on the following: (1) balance sheet composition and interest rate risk strategy, (2) strategic planning for the company’s three-year outlook with Corporate Planning and Finance, (3) setting the right strategy to accurately measure the profitability of assets and liabilities to ensure efficient usage of the balance sheet, (4) stress testing the balance sheet under adverse economic scenarios with the Global Stress Testing team and, (5) producing the balance sheet and NII forecast in coordination with the Line of Business and Global Liquidity Management for the Global Resolution and Recovery Planning exercise. The BSM Integrated Forecasting and Reporting (IFAR) team works with the broader finance team to support LOB and finance partners through analytics and reporting to communicate the story of Treasury’s financial results to stakeholders. This team is responsible for coordinating, consolidating, analyzing, and reporting baseline and stress test balance sheet forecast results which include average/ending balances, net interest income (NII), treasury non-interest income and yield by line of business, legal entity, and product. The analyst role within Balance Sheet Management IFAR team will primarily focus on providing reporting for our corporate baseline and stress forecasting results . This reporting gauges performance for senior management and corporate planning, and tracks market-driven items and ensures they align with expectations. The analyst will be responsible for explaining variances and communicating storylines to business partners and senior management. The analyst will also be responsible for helping drive OpEx saves where applicable. They work with Senior Asset Liability Associates and Managers to escalate risks and communicate key reported items and storylines. Analysts partner with other analysts across BSM, Corporate Treasury, Risk, and the CFO group.

Requirements

• Minimum 1 year related experience in analytics, forecasting and reporting the balance sheet and net interest income
• Advanced Excel, modeling, data manipulation
• SAP/eLedger experience
• Detail oriented and strategic thinker
• Ability to handle multiple deliverables at once while still adhering to deadlines
• Ability to summarize complex problems in clear, easy to explain language
• Ability to lead peers but also work autonomously
• Comfort working with complex Financial Products, strong analytical abilities and problem solving skills
• Financial statements, Balance Sheet product and Net Interest Income business acumen experience
• Bachelor's degree in related field (Finance, Economics, or Accounting preferred)
• Analytical Thinking
• Data and Trend Analysis
• Financial Analysis
• Financial Forecasting and Modeling
• Reporting
• Adaptability
• Attention to Detail
• Regulatory Compliance
• Risk Analytics
• Scenario Planning and Analysis
• Benchmarking
• Business Acumen
• Business Analytics
• Financial Management

Nice To Haves

• 2 years related experience preferred
• CFA, CPA and/or MBA preferred
• Experience with Tableau and Alteryx preferred

Responsibilities

• Delivers forecast analysis and reporting with accuracy, presenting results to senior management
• Applies subject matter expertise of the key drivers of the Line of Business, Product balance sheet and Net Interest Income (NII) forecasts, Funds Transfer Pricing (FTP), and FDIC expenses, challenging the forecast and highlighting potential risks
• Identifies opportunities to enhance or simplify processes, improving analytical capabilities for stakeholders
• Delivers forecasting, securitization, deposit pricing, and annual report disclosures with a high level of autonomy
• Analysis and reporting implementations based on market activities
• Process design/Operational excellence

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees