CFO - Senior Finance Analyst - Capital Management
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.
Responsibilities:
Analyzes business balance sheet and risk-weighted assets identifying optimization opportunities
Ensures process, documentation, and procedures align with rule conformance of 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, regulatory requirements, providing recommendations on 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
Skills:
- Analytical Thinking
- Data and Trend Analysis
- Financial Forecasting and Modeling
- Reporting
- Scenario Planning and Analysis
- Attention to Detail
- Policies, Procedures, and Guidelines
- Regulatory Compliance
- Business Acumen
- Critical Thinking
- Interpret Relevant Laws, Rules, and Regulations
Required Qualification:
- Minimum 2 years experience in Corporate Finance
- High degree of technical proficiency in Microsoft Office particularly Excel (advanced), PowerPoint (senior management presentation decks), Word (business writing)
- 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
Desired Qualification:
- 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
Minimum Education Requirement: Bachelor's degree in finance, engineering, computer science, math, or statistics
Shift:
1st shift (United States of America)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 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.
Responsibilities:
Analyzes business balance sheet and risk-weighted assets identifying optimization opportunities
Ensures process, documentation, and procedures align with rule conformance of 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, regulatory requirements, providing recommendations on 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
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 Qualification:
- Minimum 2 years experience in Corporate Finance
- High degree of technical proficiency in Microsoft Office particularly Excel (advanced), PowerPoint (senior management presentation decks), Word (business writing)
- 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
Desired Qualification:
- SQL, Python experience
- 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
Minimum Education Requirement: Bachelor's degree in finance, engineering, computer science, math, or statistics
Shift:
1st shift (United States of America)Hours Per Week:
40About the company
Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
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