Senior Finance Analyst - Capital Management

Bank of America•New York, NY

5d•$95,000 - $135,000•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! 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 primary responsibilities of the Regulatory Capital Reporting and Consolidations (RCRC) team within Enterprise Capital Management (ECM) are to calculate and produce timely and accurate reporting of the company’s Supplementary Leverage Exposure and Operational Risk risk-weighted assets. This includes working with key stakeholders to coordinate variance analysis to explain key drivers on a monthly basis. Success requires understanding of regulatory capital and accounting rules, regulatory reporting requirements, partnership with various stakeholders, problem-solving ability, ability to work under tight deadlines, and strong attention to detail. RCRC is looking for a motivated self-starter who wants to learn how leverage exposure and operational risk capital is calculated and reported both internally and externally.

Requirements

2 + years of experience in Advanced Excel, Modeling, Data Manipulation
Financial Statement Analysis Experience

Nice To Haves

Experience in SAP/eLedger
Project Management Experience
Comfortable working with complex Financial Products
SQL
Regulatory Capital experience

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
Develop business partner relationships with within ECM, e.g. various workstreams, ECMT, and various LOBs.
Develop knowledge and skills related to the following: knowledge of Basel capital rules, capital reporting, management reporting and presentations, as well as project coordination.