Bank of America
CFO - Corporate Investment Quantitative Financial Analyst - Asset Liability Mana
Bank of America, Charlotte, North Carolina, United States, 28245
CFO - Corporate Investment Quantitative Financial Analyst - Asset Liability Management
Apply for the CFO - Corporate Investment Quantitative Financial Analyst - Asset Liability Management role at Bank of America.
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.
Bank of America is committed to an in‑office culture with specific requirements for office‑based attendance and allows for an appropriate level of flexibility for our teammates and businesses based on role‑specific considerations.
This job is responsible for conducting quantitative analytics and modeling projects, incorporating quantitative problem‑solving skills, professional judgement and core subject matter expertise regarding financial market drivers and products. Key responsibilities include developing new models, analytic processes and systems approaches. Job expectations include coding, scripting, implementations, and statistical and econometric modeling.
Responsibilities:
Applies quantitative methods that include, but are not limited to, econometric and statistical forecasting models
Provides quantitative models and analytical support for decision making and risk measurement
Develops models for deployment on the Quantitative Finance Analytical Platform, a proprietary platform for advanced computational needs within Corporate Treasury
Maintains an analytical computing platform spanning multiple geographical locations and including thousands of computer cores, leveraging Linux technology and C++
Writes production code, researching, designing, delivering and implementing quickly and accurately on a shared platform
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
Required Qualifications:
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
Desired Qualifications:
Experience analyzing fixed income securities, interest rate derivatives
Technical Business Analyst skills (SQL, VBA, Python)
Prior experience with Model Risk Management
Minimum Education Requirement: Bachelor's degree in Finance, Business, or Computer Science
Shift: 1st shift (United States of America)
Hours Per Week: 40
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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.
Bank of America is committed to an in‑office culture with specific requirements for office‑based attendance and allows for an appropriate level of flexibility for our teammates and businesses based on role‑specific considerations.
This job is responsible for conducting quantitative analytics and modeling projects, incorporating quantitative problem‑solving skills, professional judgement and core subject matter expertise regarding financial market drivers and products. Key responsibilities include developing new models, analytic processes and systems approaches. Job expectations include coding, scripting, implementations, and statistical and econometric modeling.
Responsibilities:
Applies quantitative methods that include, but are not limited to, econometric and statistical forecasting models
Provides quantitative models and analytical support for decision making and risk measurement
Develops models for deployment on the Quantitative Finance Analytical Platform, a proprietary platform for advanced computational needs within Corporate Treasury
Maintains an analytical computing platform spanning multiple geographical locations and including thousands of computer cores, leveraging Linux technology and C++
Writes production code, researching, designing, delivering and implementing quickly and accurately on a shared platform
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
Required Qualifications:
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
Desired Qualifications:
Experience analyzing fixed income securities, interest rate derivatives
Technical Business Analyst skills (SQL, VBA, Python)
Prior experience with Model Risk Management
Minimum Education Requirement: Bachelor's degree in Finance, Business, or Computer Science
Shift: 1st shift (United States of America)
Hours Per Week: 40
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