Bank of America

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Senior Finance Analyst - Capital Management

Job Description:

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 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.

Team Specific Job Description:

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

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


Required Qualifications:

  • 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

Desired Qualifications:

  • 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

Skills:

  • Analytical Thinking
  • Data and Trend Analysis
  • Financial Forecasting and Modeling
  • Regulatory Compliance
  • Scenario Planning and Analysis
  • Business Acumen
  • Interpret Relevant Laws, Rules, and Regulations
  • Policies, Procedures, and Guidelines
  • Reporting
  • Risk Management
  • Benchmarking
  • Critical Thinking
  • Financial Management
  • Stakeholder Management
  • Strategic Thinking

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)

Pay and benefits information

Pay range

$95,000.00 - $135,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

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.

Benefits

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.
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