Sr Finance Analyst-Capital Management/Corporate Treasury (CFO)

Bank of America • New York, NY

1d • $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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: 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. Team Specific Job Description: This role resides in the Capital Adequacy and Governance & Treasury Recovery and Resolution Planning team within Enterprise Capital Management and Corporate Treasury. The group is responsible for the planning and forecasting of capital across different macroeconomic and idiosyncratic scenarios varying in severity across the capital planning continuum, ranging from business-as-usual to stress environments, including: CCAR/DFAST and Recovery and Resolution. Key business partners include Balance Sheet Management, Corporate Planning, Global Funding, Global Liquidity Management, Enterprise Stress Testing, Global Recovery and Resolution Planning, and Corporate Strategy. The candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company.

Requirements

• 5+ years’ experience in Corporate Finance
• High degree of technical proficiency in Microsoft Office – particularly PowerPoint (senior management presentation decks), Word (business writing) and Excel (metrics and data analysis)
• Excellent communication skills, both written and verbal, including ability to summarize complex business problems and detailed analysis with clarity and brevity
• Robust problem solving and analytical skills, with superior attention to detail
• Ability to work independently in a fast-paced environment while multitasking and meeting strict deadlines
• Highly motivated and enjoys taking initiative
• Embraces challenges and change

Nice To Haves

• Bachelor’s degree in Finance, Accounting, Business or related field
• Familiarity with financial services regulatory environment and capital planning supervisory expectations
• Experience in Regulatory Capital, RWA, Stress Testing and related topics (e.g., CCAR/DFAST, Basel III, Basel III Endgame) in a large systemically important bank or management consulting firm
• Strong financial analysis skills
• Project management experience

Responsibilities

• Prepare the daily capital report for the U.S Swap Dealer Entities and ensure they comply with regulatory and internal capital requirements
• Monitor the Company’s Double Leverage ratio and prepare the quarterly walkthrough for Senior Management
• Assess the US Legal Entities for capital actions at least quarterly and when possible, leading the required execution activities including liaising with Treasury and Finance to understand impacts, LEAR / Board approval, and in certain cases regulatory approval
• Planning and forecasting of capital across different macroeconomic environments for the Broker-Dealer Entities, including the Company’s Double Leverage ratio
• Prepare quarterly Board Material for Broker-Dealer and Swap Dealer entities, including partnering with the relevant workstreams to understand quarter over quarter drivers
• Assist with the annual Capital Management Policy update and with ad-hoc projections (e.g. regulatory rule changes)
• Partner with stakeholders across Risk, LE Control, Funding, Global Regulatory Reporting, and Regulatory Relations to drive capital related initiatives
• Gain knowledge on various capital reporting regimes and their implications for the Company

Benefits

• This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
• This role is currently benefits eligible.
• We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
• Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees