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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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.

Balance Sheet Management (BSM) is a division within the CFO Group responsible for performing the analytics and forecasting function for Corporate Treasury and providing executive management with accurate and timely analysis of the balance sheet, net interest income (NII), and noninterest income. Information generated by this team provides the framework which allows the company to position its balance sheet consistent with its risk appetite and expectations for changes in interest rates. BSM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. Coordination with Global Risk, Model Risk, Funding Managers, and other Treasury teams facilitates strategic Asset Liability Management (ALM) decisions within a controlled framework.

The Treasury Analytics & Forecasting (TAF) team within BSM provides quantitative analytics and informed guidance to the Chief Investment Officer (CIO) function which executes key investment and hedging transactions across Bank and Non-Bank entities using on- and off-balance sheet products across assets and liabilities. Additionally, the TAF team engages in key Treasury project initiatives focused on driving Operational Excellence within the bank. Work responsibilities include initiative implementation, project management, and research and analysis, forecasting, and reporting to support decision making and execution across Treasury. Results of this work are presented to Senior Management on a regular basis.

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
• Daily, monthly, and quarterly monitoring of securities, residential mortgages, and interest rate derivative portfolio trends across Actuals and Forecast
• Standardized and ad-hoc analysis to inform key strategic decisions and inform overall investment portfolio management
• Project management and change execution on key initiatives around forecasting and analytics
• Partnering with key internal stakeholders including CIO, Enterprise Capital Management (ECM), Global Liquidity Management (GLM), Global Risk, and Accounting Policy among others

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:

• Finance or Accounting knowledge – experience in balance sheet management, forecasting, or other Corporate Treasury functions (example: experience in analytics with emphasis on design, testing, and implementation of calculations related to balance sheet, net interest income, cash flows, or risk analytics)
• 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 Microsoft 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
• Experience with SAP / Oracle (general ledger systems)
• Familiarity with financial institution legal entity structure
• Technical business analyst skills (SQL, VBA, Python a plus)
• CFA or pursuing CFA a plus

Minimum Education Requirement: Bachelor's Degree in Finance, Business, Accounting, Quantitative, Mathematics or Economics

Shift:

1st shift (United States of America)

Hours Per Week:

40