Veterans Staffing
CFO Senior Finance Analyst - Asset Liability Management
Veterans Staffing, Charlotte, North Carolina, United States, 28202
CFO Senior Finance Analyst - Asset Liability 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. This job is responsible for daily forecasting and analyzing of the bank's balance sheets, Net Interest Income (NII), Funds Transfer Pricing (FTP), and interest rate risk sensitivity. Key responsibilities include partnering with Line of Business (LOB) leaders and teammates across Corporate Treasury, Risk, and the Chief Financial Office (CFO) to deliver a dynamic, accurate, and disciplined forecast by product, LOB, and legal entity under baseline and/or stress scenarios. Principal subject matter expert responsible for forecasting the firms balance sheet and net interest income and/or monitoring and reporting on the firms interest rate sensitivity. Responsible for quality assurance and controls around pertinent external regulatory reporting and risk limits. Responsibilities: 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 Skills: Analytical Thinking Data and Trend Analysis Financial Analysis Financial Forecasting and Modeling Reporting Adaptability Attention to Detail Regulatory Compliance Risk Analytics Scenario Planning and Analysis Benchmarking Business Acumen Business Analytics Financial Management 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: Bachelors degree Finance, Business, or Computer Science Shift: 1st shift (United States of America) Hours Per Week: 40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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. This job is responsible for daily forecasting and analyzing of the bank's balance sheets, Net Interest Income (NII), Funds Transfer Pricing (FTP), and interest rate risk sensitivity. Key responsibilities include partnering with Line of Business (LOB) leaders and teammates across Corporate Treasury, Risk, and the Chief Financial Office (CFO) to deliver a dynamic, accurate, and disciplined forecast by product, LOB, and legal entity under baseline and/or stress scenarios. Principal subject matter expert responsible for forecasting the firms balance sheet and net interest income and/or monitoring and reporting on the firms interest rate sensitivity. Responsible for quality assurance and controls around pertinent external regulatory reporting and risk limits. Responsibilities: 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 Skills: Analytical Thinking Data and Trend Analysis Financial Analysis Financial Forecasting and Modeling Reporting Adaptability Attention to Detail Regulatory Compliance Risk Analytics Scenario Planning and Analysis Benchmarking Business Acumen Business Analytics Financial Management 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: Bachelors degree Finance, Business, or Computer Science Shift: 1st shift (United States of America) Hours Per Week: 40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.