Senior Financial Analyst - Asset Liability Management

Bank of America•Charlotte, NC

5d•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 daily forecasting and analyzing of the bank's balance sheets, Net Interest Income (NII), Funds Transfer Pricing (FTP) and interest rate risk sensitivity. Key responsibilities include partnering with Line of Business (LOB) leaders and teammates across Corporate Treasury, Risk, and the Chief Financial Office (CFO) to deliver a dynamic, accurate, and disciplined forecast by product, LOB, and legal entity under baseline and/or stress scenarios. Principal subject matter expert responsible for forecasting the firms balance sheet and net interest income and/or monitoring and reporting on the firms interest rate sensitivity. Responsible to deliver a dynamic, accurate and disciplined forecast by product, LOB and Legal Entity under baseline and stress scenarios. Responsible for quality assurance and controls around pertinent external regulatory reporting and risk limits. Balance Sheet Management (BSM) is a division within the CFO Group responsible for providing executive management with accurate and timely analysis of the balance sheet, net interest income (NII), and non-interest income across Actuals and Forecast. 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 ALM decisions within a controlled framework. The Interest Rate Analytics (IRA) team is responsible for daily, monthly, and quarterly monitoring of the bank’s balance sheet positioning as well as ad hoc analytics to support decision making across Treasury. The IRA team starts with the Bank’s spot data position and baseline forecast, then applies a variety of interest rate shocks – both parallel and non-parallel – to quantify and report the Bank’s IRR. The Bank has established risk limits for each metric across the various interest rate shocks, both at the Risk Appetite and non-risk appetite levels.

Requirements

Minimum 2 years of experience in data analytics with emphasis on design, testing, and implementation of calculations related to net interest income, cash flows, or risk analytics
Finance/Accounting knowledge – experience in balance sheet management, forecasting, or other Corporate Treasury functions
Understanding of 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 MS Office tools, especially Microsoft Excel & SQL skills
Inquisitive, willing to challenge the status quo and strive to improve processes

Nice To Haves

Bachelor's degree or equivalent experience in Finance, Business, Accounting, Quantitative, or Economics preferred
Experience analyzing fixed income securities, interest rate derivatives
Technical Business Analyst skills (SQL, VBA, Python)
Prior experience with Model Risk Management

Responsibilities

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
Interest Rate Risk measurement and analysis for the banking book
Multiple tools covering earnings and capital at risk on a daily, weekly, and monthly basis
Partners with Risk to establish risk appetite and monitor different risk appetite statements and non-risk appetite limits
Performs routine assumption sensitivity analysis ranging from static balance sheet, securities prepayment and reinvestment, deposit rate paid and mix, EVE truncation, etc.
OCI forecasting for stress testing