Senior Finance Manager (Consumer and Small Business Card Valuations Leader)

Bank of America•Newark, NJ

31d•Onsite

About The Position

This job is responsible for managing the financial relationship of specified Lines of Business (LOBs) that are complex, have risk, and/or have significant revenue/asset volume by partnering with the LOBs and finance teammates to develop and influence short and long-term strategies. Key responsibilities include providing financial leadership and strategic support to LOBs by delivering financial and operating results and performing budgeting, forecasting, analysis, reporting, and business development to drive growth. The Consumer and Small Business Card Valuations Lead serves as the senior Finance voice for strategic decisions across the Credit Card Line of Business. The role leads a team of credit card finance experts responsible for valuation models, profitability projections, investment guidance, and executive-level financial insights that support responsible growth and disciplined decision-making. The role reports to the leader of the RB/WM Reporting, Forecasting and Analysis Horizontal Organization and operates with a strong dotted line into the Consumer Products BFO. 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!

Requirements

Prior managerial, financial analysis and Finance business partnering experience is required.
Business Process Analysis
Collaboration
Data Quality Management
Financial Analysis
Financial Management
Analytical Thinking
Critical Thinking
Data Visualization
Decision Making
Prioritization
Business Acumen
Business Case Analysis
Financial Forecasting and Modeling
Project Management
Strategy Planning and Development

Responsibilities

Provides counsel to specified Lines of Business (LOBs) and finance leadership on all financial matters, focusing on maximizing revenue growth, cost management, profitability, cash flow generation, and operational improvement
Interprets results from financial models and assesses broader implications from analyses performed on financial data and trends to identify opportunities for improvement and communicate results with broader Finance teams and related Front Line Unit organizations
Partners with LOBs to conduct strategic planning activities, manage budgets, and develop financial plans by leveraging financial data and models to support business recommendations, goals, and objectives
Collaborates as a cross-functional business leader to support financial and profitability analysis, develop business cases, and ensure integrity of the financials, sound controls, and efficient and effective procedures
Leads financial reporting and analytics and reviews findings and results with executive leadership teams in finance and key LOBs involved
Oversees reporting for key constituents and management, which may include the Board of Directors, Investor Relations, and various regulatory agencies
Manages new and ongoing projects and strategic initiatives by creating new processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities
Oversee baseline corporate forecasting for new accounts and frontbook feeds
Ownership of multiple valuation models to provide best-in-class projections of profitability
Financial guidance on all investment decisions including product constructs, pricing, underwriting strategy, ongoing line strategy, existing card offers, marketing optimization, offer strategy, promotional durations
Supports Consumer Product BFO
Partner with key stakeholders across product line of business, channel partners, risk strategies, marketing, quantitative modeling, loss forecasting, capital, legal, tax, and more
Financial guidance on CoBrand negotiations, contract financial terms, contract renewal strategy and financials, portfolio acquisitions and divestitures, and product constructs
Deliver insightful profitability analytics to partners to mitigate financial risks while growing the business responsibly including competitive financial results
Work with external consultants to deliver on line of business goals
Deliver accurate and well-controlled environment through control routines while continuing to improve the efficiency and sustainability of tools and models that support the business, interfacing with internal audit and external regulators as needed
Manage and oversee the efforts of medium sized team(~30 FTE) with deep expertise while developing talent and fostering inclusive culture
Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.