Bank of America
CFO - Senior Finance Analyst - Capital Management
Bank of America, New York, New York, us, 10261
Overview
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, including commitment to an inclusive workplace, attracting and developing exceptional talent, supporting teammates’ wellness, recognizing performance, and making 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 flexibility based on role 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 role 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. Line of Business Job Description The Capital Forecasting and Analysis Team leads integrated capital management strategy, including Enterprise‑level capital planning and optimization. This team handles the Capital Plan under CCAR, the capital components of the Recovery and Resolution plans, and the top‑level capital strategy. The team compiles the capital forecast and assesses capital adequacy relative to targets and requirements. Responsibilities
Analyzes business balance sheet and risk‑weighted assets identifying optimization opportunities Ensures process, documentation, and procedures align with 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 and regulatory requirements, recommending 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 The candidate will join a dynamic environment that offers opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will: Support the capital planning process by preparing regulatory capital ratio forecasts for capital adequacy assessments, recovery planning, resolution planning, etc. Support weekly integrated financial outlook production process Support enhancement of the capital management process, including better connectivity across business areas and legal entities Develop business partnering skills and cross‑functional knowledge through interactions with other capital management teams and Risk Management, Balance Sheet Management, Corporate Strategy, Global Liquidity Management, Global Stress Testing and Global Recovery & Resolution Planning Gain knowledge on regulatory capital calculation and reporting regimes and their implications for the Company Skills
Analytical Thinking Data and Trend Analysis Financial Forecasting and Modeling Reporting Scenario Planning and Analysis Adaptability Attention to Detail Policies, Procedures, and Guidelines Regulatory Compliance Risk Management Benchmarking Business Acumen Critical Thinking Financial Management Interpret Relevant Laws, Rules, and Regulations Required Qualifications
Minimum 5 years’ experience in the financial industry Strong communication and business partnering skills Attention to detail Highly motivated and enjoys taking initiative Embraces challenges and change Advanced proficiency in MS Office tools such as Excel and PowerPoint Ability to work well in a team environment Desired Qualifications
Familiarity with Basel III rules/regulations Knowledge/understanding of CCAR requirements and processes Basic Excel VBA skills with specific application to process automation Education
Minimum Education Requirement:
Bachelor of Science or Bachelor of Arts (Finance/Accounting preferred) Shift and Hours
Shift:
1st shift (United States of America) Hours Per Week:
40 Pay and Benefits
Pay Transparency details US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540) Pay range $88,000.00 - $146,000.00 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 performance results and company/line of business performance. Benefits: This role is currently benefits eligible. We provide industry‑leading benefits and support to our employees.
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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, including commitment to an inclusive workplace, attracting and developing exceptional talent, supporting teammates’ wellness, recognizing performance, and making 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 flexibility based on role 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 role 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. Line of Business Job Description The Capital Forecasting and Analysis Team leads integrated capital management strategy, including Enterprise‑level capital planning and optimization. This team handles the Capital Plan under CCAR, the capital components of the Recovery and Resolution plans, and the top‑level capital strategy. The team compiles the capital forecast and assesses capital adequacy relative to targets and requirements. Responsibilities
Analyzes business balance sheet and risk‑weighted assets identifying optimization opportunities Ensures process, documentation, and procedures align with 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 and regulatory requirements, recommending 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 The candidate will join a dynamic environment that offers opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will: Support the capital planning process by preparing regulatory capital ratio forecasts for capital adequacy assessments, recovery planning, resolution planning, etc. Support weekly integrated financial outlook production process Support enhancement of the capital management process, including better connectivity across business areas and legal entities Develop business partnering skills and cross‑functional knowledge through interactions with other capital management teams and Risk Management, Balance Sheet Management, Corporate Strategy, Global Liquidity Management, Global Stress Testing and Global Recovery & Resolution Planning Gain knowledge on regulatory capital calculation and reporting regimes and their implications for the Company Skills
Analytical Thinking Data and Trend Analysis Financial Forecasting and Modeling Reporting Scenario Planning and Analysis Adaptability Attention to Detail Policies, Procedures, and Guidelines Regulatory Compliance Risk Management Benchmarking Business Acumen Critical Thinking Financial Management Interpret Relevant Laws, Rules, and Regulations Required Qualifications
Minimum 5 years’ experience in the financial industry Strong communication and business partnering skills Attention to detail Highly motivated and enjoys taking initiative Embraces challenges and change Advanced proficiency in MS Office tools such as Excel and PowerPoint Ability to work well in a team environment Desired Qualifications
Familiarity with Basel III rules/regulations Knowledge/understanding of CCAR requirements and processes Basic Excel VBA skills with specific application to process automation Education
Minimum Education Requirement:
Bachelor of Science or Bachelor of Arts (Finance/Accounting preferred) Shift and Hours
Shift:
1st shift (United States of America) Hours Per Week:
40 Pay and Benefits
Pay Transparency details US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540) Pay range $88,000.00 - $146,000.00 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 performance results and company/line of business performance. Benefits: This role is currently benefits eligible. We provide industry‑leading benefits and support to our employees.
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