Senior Finance Analyst - Capital Management

Bank of America•New York, NY

2d•$95,000 - $135,000•Onsite

About The Position

This job is responsible for contributing to the efficient and effective management of the bank's capital to maintain capital adequacy needed for supporting responsible growth and return to shareholders. Key responsibilities include partnering with Lines of Business (LOBs), Global Technology, Chief Finance Officer, Group Data Management, Treasury Policy and Advocacy, Global Risk Analytics (GRA), Centralized Regulatory Reporting (CRR), and Investor Relations. Job expectations include applying expertise in capital regulations, reporting, and analysis to support the bank's capital initiatives. The Senior Finance Analyst - Capital Management is part of the Enterprise Capital Management (ECM) team and assists in driving complex market risk calculations and reporting of capital for Global Markets transactions, including consideration of any new regulations, timely and accurate preparation of the company’s regulatory capital results; research causes of unanticipated capital changes; end-to-end review, analysis, and ad-hoc analytical reporting to senior management and regulatory agencies. Success requires understanding of regulatory capital rules and the ability to formulate means by which answers may be derived from large sets of data. ECM is a global team of more than 100 professionals responsible for the efficient and prudent management of the Corporation's as well as its subsidiaries' capital across the enterprise globally. ECM implements the Board’s capital management strategy including issuance, redemption or repurchase of common stock and other capital instruments. ECM works closely with lines of business and guides them to efficiently and proactively manage the enterprise's capital including design and implementation of capital allocation methodologies. ECM also recommends capital related financial resource limits to senior management. In addition, ECM produces and monitors regulatory capital metrics including capital adequacy ratios, leverage exposure and risk-weighted assets and oversees the end to end capital measurement process across the enterprise. Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings‎. ECM interfaces with banking regulators globally on all capital related matters. The candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company and U.S. Legal Entities

Requirements

5+ years of experience with financial markets products or quantitative methods applied to finance and banking or similar type role
Knowledge of SQL
Strong data analysis skills
Quick learner and detail oriented
Ability to multi-task and prioritize
Strong Excel and PowerPoint skills

Nice To Haves

Proficiency in SQL
Bachelor’s or advanced degree in finance, engineering, computer science, mathematics, or statistics
Familiar with capital requirements under Basel 3 or FRTB is a plus
Knowledge of derivative products and risk management
Experience working with large databases, and identifying and correcting data problems

Responsibilities

Produces and monitors market risk risk-weighted assets (RWA) metrics and reports
Be responsible for investigating and explaining period over period capital movements
Build relationships with partners and ensure appropriate level of capital knowledge
Foster relationships with partners in capital management, business and finance to resolve capital questions, provide data as necessary with great attention to detail
Be responsible for directing calculation, reporting and/or analysis activities to support the Bank's Capital Initiatives. Activities may include analyzing regulatory capital results; working with technology team to implement solution, and perform testing