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CFO - Senior Asset Liability Analyst (Analytics and Forecasting)

AT Bank of America
Bank of America

CFO - Senior Asset Liability Analyst (Analytics and Forecasting)

Charlotte, NC

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

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Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:
Oversee daily trend analysis on the balance sheet. Manage projects for executive management including, but not limited to forecasting, securitization, deposit pricing, and annual report disclosures. Works with a high level of autonomy and assists with training of junior staff.

BSM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. These partnerships focus on the following: (1) balance sheet composition and interest rate risk strategy, (2) strategic planning for the company's three-year outlook with Corporate Planning and Finance, (3) setting the right strategy to accurately measure the profitability of assets and liabilities to ensure efficient usage of the balance sheet, (4) stress testing the balance sheet under adverse economic scenarios with the Global Stress Testing team and, (5) producing the balance sheet and NII forecast in coordination with the Line of Business and Global Liquidity Management for the Global Resolution and Recovery Planning exercise.

The BSM Integrated Forecasting and Reporting (IFAR) team works with the broader finance team to support LOB and finance partners through analytics and reporting to communicate the story of Treasury's financial results to stakeholders. This team is responsible for coordinating, consolidating, analyzing, and reporting baseline and stress test balance sheet forecast results which include average/ending balances, net interest income (NII), treasury non-interest income and yield by line of business, legal entity, and product.

The analyst role within Balance Sheet Management IFAR team will primarily focus on providing reporting for our corporate baseline and stress forecasting results. This reporting gauges performance for senior management and corporate planning, and tracks market-driven items and ensures they align with expectations. The analyst will be responsible for explaining variances and communicating storylines to business partners and senior management. The analyst will also be responsible for helping drive OpEx saves where applicable. They work with Senior Asset Liability Associates and Managers to escalate risks and communicate key reported items and storylines. Analysts partner with other analysts across BSM, Corporate Treasury, Risk, and the CFO group.

Key Responsibilities

  • Forecast analysis and reporting delivered with accuracy
  • Analysis and reporting implementations based on market activities
  • Process design/Operational excellence
  • Presentations to Senior Leaders

Skills and Qualifications:

  • Minimum 1 year related experience in analytics, forecasting and reporting the balance sheet and net interest income
  • Bachelor's degree or equivalent work experience
  • Advanced Excel, modeling, data manipulation
  • SAP/eLedger experience
  • Detail oriented and strategic thinker
  • Ability to handle multiple deliverables at once while still adhering to deadlines
  • Ability to summarize complex problems in clear, easy to explain language
  • Ability to lead peers but also work autonomously
  • Comfort working with complex Financial Products, strong analytical abilities and problem solving skills
  • Financial statements, Balance Sheet product and Net Interest Income business acumen experience
  • 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

Desired Skills:

  • 2 years related experience preferred
  • CFA, CPA and/or MBA preferred
  • Experience with Tableau and Alteryx preferred

Shift:
1st shift (United States of America)

Hours Per Week:
40

Client-provided location(s): Charlotte, NC, USA
Job ID: BankOfAmerica-JR-24035047
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • FSA
    • HSA
    • On-Site Gym
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
  • Parental Benefits

    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
  • Vacation and Time Off

    • Leave of Absence
    • Personal/Sick Days
    • Paid Holidays
    • Paid Vacation
    • Sabbatical
  • Financial and Retirement

    • Performance Bonus
    • Company Equity
    • 401(K) With Company Matching
  • Professional Development

    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Tuition Reimbursement
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program