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:
This job is responsible for contributing to the efficient and effective management of the bank's capital to maintain capital adequacy needed for supporting responsible growth and return to shareholders. Key responsibilities include partnering with Lines of Business (LOBs), Global Technology, Chief Finance Officer, Group Data Management, Treasury Policy and Advocacy, Global Risk Analytics (GRA), Centralized Regulatory Reporting (CRR), and Investor Relations. Job expectations include applying expertise in capital regulations, reporting, and analysis to support the bank's capital initiatives.
The Capital Management Finance Analyst is part of the Enterprise Capital Management (ECM) team and assists in the timely and accurate preparation of the company's regulatory capital results; research causes of unanticipated capital changes; end-to-end review, analysis, and implementation of new capital regulations; and ad-hoc analytical reporting to senior management and regulatory agencies. Success requires understanding of regulatory capital and accounting rules and the ability to formulate means by which answers may be derived from large sets of data.
ECM 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. ECM 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 efficiently and proactively manage the enterprise's capital including design and implementation of capital allocation methodologies. ECM also recommends capital related financial resource limits to senior management. In addition, ECM produces and monitors regulatory 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. ECM interfaces with banking regulators globally on all capital related matters.
Responsibilities:
- Produces and monitors regulatory and internal capital metrics including capital adequacy ratios, leverage exposure, total loss-absorbing capacity (TLAC), and risk-weighted assets (RWA)
- Oversees capital measurement and model implementation for RWA calculations, baseline, and stress forecasts and works with Global Risk Analytics (GRA) and Technology and Data Management to propose, design, and test enhancements on the capital and model implementation process
- Provides key metrics and data to Centralized Regulatory Reporting (CRR) and Investor Relations for external regulatory filings, releases, and disclosures, including Federal Financial Institutions Examination Council (FFIEC) 101/102, HC-R, Pillar 3, 10-Q/K, and Y-14A
- Partners with Lines of Business (LOBs) to integrate capital considerations into the LOBs' strategic plans to advise and execute on RWA optimization strategies
- Develops Capital Plans, Internal Capital Adequacy Assessment Processes (ICAAPs), Resolution Plans, and Recovery Plans, creates capital content, and monitors ongoing capital adequacy
- Serves as a subject matter expert on regulatory requirements and calculations for capital and/or RWA including exposure areas, such as Market Risk, Counterparty Credit Risk, Retail, Securitization, and Securities
- Maintains capital management processes and controls and addresses inquiries from Risk, Corporate Audit, and external auditors
Skills:
- Analytical Thinking
- Data and Trend Analysis
- Financial Forecasting and Modeling
- Regulatory Compliance
- Scenario Planning and Analysis
- Business Acumen
- Interpret Relevant Laws, Rules, and Regulations
- Policies, Procedures, and Guidelines
- Reporting
- Risk Management
- Benchmarking
- Critical Thinking
- Financial Management
- Stakeholder Management
- Strategic Thinking
Required Qualifications
- Minimum 5 years of experience with quantitative methods applied to finance and banking
- Thorough understanding of Basel III regulations
- Project management and issue resolution
- SQL query writing
- Experienced in analyzing big datasets
- Relationship Building (influencing)
- Policy/procedure writing
- Oral and written presentations
- Attention to detail
- Excel (VBA), PowerPoint
Desired Qualifications
- Advanced degree in finance, engineering, computer science, math, or statistics
- Proficient in SQL and working with large databases, experience with data mining Report analysis, design and development
- Strong written communication skills, including presenting technical information, writing procedures and controls
- Experience in regulatory capital and capital reporting
- Attention to detail coupled with ability to simplify the complex
- Strategic thinker that can understand complex business challenges and potential solutions
- Advanced knowledge of Excel and VBA
Shift:
1st shift (United States of America)
Hours Per Week:
40