Job Description:
Job Title: Senior Financial Analyst - Capital Management
Corporate Title: Vice President
Location: Dublin
Company Overview:
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.
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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.
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!
Location Overview:
Overlooking the spectacular Iveagh Gardens with access to all amenities in the beating heart of central Dublin is our Park Place office. Travel options include the LUAS, Dublin Bus networks as well as the Dublin Bikes station, positioned just outside our front doors. As part of our commitment to supporting staff travel to and from work in the most sustainable way possible, we also provide tax saver tickets as part of our award-winning benefits package which means getting to work has never been easier.
The Team:
Enterprise Capital Management is a global team of more than 100 professionals responsible for the efficient and prudent management of the Corporation's as well as its subsidiaries' capital across the enterprise globally. The team implements the Board's capital management strategy including issuance, redemption or repurchase of common stock and other capital instruments. ECM works closely with lines of business and guides them to manage the enterprise's capital including design and implementation of capital allocation methodologies efficiently and proactively.
The team also recommends capital related financial resource limits to senior management. In addition, they produce and monitor regulatory and internal economic capital metrics including capital adequacy ratios, leverage exposure and risk-weighted assets and oversees the end-to-end capital measurement process across the enterprise. Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings and interfaces with banking regulators globally on all capital related matters.
Role Description:
The candidate will join the Enterprise Capital Management International team with a focus on providing subject matter expertise on both externally driven prudential regulations and internal capital management initiatives, primarily for the BAC entities and branches in the UK and EU. This is an exciting opportunity for an ambitious and skilled individual to join an established capital management team with an opportunity to thrive in a dynamic environment, requiring the ability to continuously learn and adapt, and develop proactive working relationships across all ranks and functions. The candidate will focus on the following:
Responsibilities:
- Prepare capital, RWA and leverage forecasts under multiple scenarios for inclusion in key foundational documents such as ICAAP, Recovery Plans and Strategic Plans for EU entities
- Perform quarterly refreshes of capital, RWA and leverage forecasts including preparation of governance materials and MIS reports
- Contribute to RWA and capital forecasts for EU-wide stress testing
- Update model documentation and ensure adherence to internal policies and procedures
- Support the development of capital forecasting models in line with prudential regulatory requirements including credit and counterparty risk, market risk, operational risk and capital numerator concepts
- Draft ICAAP documentation ensuring consideration of relevant EU regulatory requirements and guidance
- Partner closely with the business lines, Risk and CFO teams to support enterprise capital management objectives and/or legal entity strategy
- Participate in capital management activities including initiatives which optimise capital ratios and international regulatory strategy
- Help drive process improvements and contribute to culture of Operational Excellence
What we are looking for:
Education and knowledge:
- Degree in Accounting, Business, Economics, Finance or a related discipline. A postgraduate or professional qualification (e.g. CFA or ACA) would be an advantage
- Experience working in supervision or in a regulated credit institution, including practical application of European prudential rules and upcoming regulatory changes
- Familiarity with ECB/SRB supervisory approaches and an understanding of EBA stress testing would be beneficial
Skills and competencies:
- Ability to analyse complex financial data, translate assumptions into RWA and capital impacts and produce executive-level summaries and reports
- Excellent organisational skills including the ability to prioritise and manage multiple tasks and complex projects
- Capability to escalate issues in a timely manner and track status to ensure adequate resolution
- Detail-oriented, control focused and proactive in every approach
- Comfortable working under pressure in a fast-paced and changing environment
- Ability to be flexible and adapt to new priorities
- Adapting behaviour to build relationships with a wide range of people at different levels
- Monitoring progress against objectives/deliverables and responding to unforeseen events
- Enthusiastic self-starter who is comfortable to investigate and research new concepts
- Comfortable working will large data sets. Highly proficient in Microsoft Excel or other data/statistical packages
- Confident communication skills
Benefits of working at Bank of America:
Ireland
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
- 20 days of back-up childcare and 20 days of back-up adult care per annum
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
- Access to an Employee Assistance Program for confidential support and help for everyday matters
- Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan
- Ability to donate to charities of your choice and the bank will match your contribution
- Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland's most iconic cultural institutions and exhibitions.
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
Bank of America:
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.