CFO - Senior Finance Analyst - Capital Management

Bank of America • Charlotte, NC

91d • $88,000 - $146,000

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! 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. 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.

Requirements

• 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

Nice To Haves

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

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
• Supports the capital planning process by preparing regulatory capital ratio forecasts for the purposes of capital adequacy assessments, recovery planning, resolution planning, etc.
• Supports weekly integrated financial outlook production process
• Supports enhancement of the capital management process, including better connectivity across business areas and legal entities
• Develops 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
• Gains knowledge on regulatory capital calculation and reporting regimes and their implications for the Company

Benefits

• Industry-leading benefits
• Access to paid time off
• Resources and support to employees
• Discretionary incentive eligible
• Annual discretionary award based on performance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree