Senior Finance Analyst – Asset Liability Management

Bank of America•Charlotte, NC

2d•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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Description: Balance Sheet Management (BSM) is a division within the CFO Group responsible for performing the analytics and forecasting function for Corporate Treasury and providing executive management with accurate and timely analysis of the balance sheet, net interest income (NII), and noninterest income. Information generated by this team provides the framework which allows the company to position its balance sheet consistent with its risk appetite and expectations for changes in interest rates. BSM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. Coordination with Global Risk, Model Risk, Funding Managers, and other Treasury teams facilitates strategic Asset Liability Management (ALM) decisions within a controlled framework. The Treasury Analytics & Forecasting (TAF) team within BSM provides quantitative analytics and informed guidance to the Global Funding (GF) function which executes key investment and hedging transactions across Bank and Non-Bank entities using on- and off-balance sheet products across assets and liabilities. Additionally, the TAF team engages in key Treasury project initiatives focused on driving Operational Excellence within the bank. Work responsibilities include initiative implementation, project management, and research and analysis, forecasting, and reporting to support decision making and execution across Treasury. Results of this work are presented to Senior Management on a regular basis.

Requirements

Minimum 2 years of experience in analytics with emphasis on design, testing, and implementation of calculations related to balance sheet, net interest income, cash flows, or risk analytics
Finance/Accounting knowledge – experience in balance sheet management, forecasting, or other Corporate Treasury functions
Understanding financial market dynamics, interest rates, accounting, and financial products
Ability to manage multiple priorities in a time sensitive environment
Ability to work across multiple teams in a collaborative environment
Proficient in Microsoft Office tools, especially Microsoft Excel & SQL skills
Inquisitive, willing to challenge the status quo and strive to improve processes

Nice To Haves

Experience with Treasury reporting and forecasting

Responsibilities

As an individual contributor, 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
Standardized and ad-hoc analysis to inform key strategic decisions and inform overall balance sheet positioning and decision making
Project management and change execution on key initiatives around forecasting and analytics
Partnering with key internal stakeholders including GF, Enterprise Capital Management (ECM), Global Liquidity Management (GLM), Global Risk, and Accounting Policy among others