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 a diverse and 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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
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Job Description:
Responsible for more complex finance activities around capital calculation, reporting and/or analysis to support the Bank's Capital Initiatives. Must have a thorough understanding of Basel III. Can work independently. May provide supervision to a small staff. Supports achievement of business goals by working on more complex activities or projects within the unit and with partners.
Enterprise Capital Management (ECM) is responsible for the efficient and prudent management of the Company's and subsidiaries' capital. ECM employees interact daily with internal and external constituents including business lines, other Treasury functions such as Balance Sheet Management (BSM), Global Funding, and Global Liquidity Management (GLM), Chief Investment Office, internal control partners and regulators. Within ECM, the Business Management and Governance team oversees ECM's governance and organizational effectiveness processes, Audit/Risk/Regulatory engagement, and business operations.
Job Responsibilities:
- Capital Control Council (CCC) facilitation, including materials consolidation, confirming agenda / attendees / quorum, taking minutes
- Capital Measurement and Allocation Committee (CMAC) facilitation, including materials consolidation, confirming agenda / attendees / quorum, taking minutes
- BCC 14-2 tracking
- Annual Charter / Roster updates
- eRIC Regulatory Change Review Facilitation, including estimating capital impact for regulatory rule changes
- Performing the Advanced System Assessment, including firm-wide issues analysis for capital impact
- Learning governance structure of the firm, serving as subject matter expert for all capital governance matters
- Learning and working across ECM organizational functions
- Understanding of capital regulatory requirements
- Regular engagement with 3LOD, 2LOD, and CFO control partners
Required Qualifications:
- Minimum 2 years of experience in financial services
- Finance/Accounting knowledge - experience in balance sheet management, forecasting, or other Corporate Treasury functions
- 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 & Word
- Inquisitive, willing to challenge the status quo and strive to improve processes
Desired Qualifications:
- Bachelor's Degree
- Corporate governance background
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
Shift:
1st shift (United States of America)
Hours Per Week:
40