Capital Mgmt - Sr Finance Analyst

Bank of America; New York (NY); On-site; USD 86,000 - 144,000; Full time

Job summary

An established industry player is seeking a talented professional to join their Capital Adequacy group. This role involves capital reporting and analytics, including risk-weighted asset calculations and stress testing. You'll collaborate with various business partners to enhance capital planning and decision-making processes. The ideal candidate will possess strong analytical skills and a solid background in corporate finance. This dynamic environment offers opportunities for growth and impact, making it an exciting chance to contribute to the company's success while developing your career in finance.

Benefits

Paid Time Off

Industry-leading Benefits

Discretionary Incentive Plan

Qualifications

• 5+ years’ experience in Corporate Finance is essential.
• Strong proficiency in Microsoft Office tools for data analysis and presentations.
• Excellent communication skills for summarizing complex problems.

Responsibilities

• Maintain and update capital plans and policies for stress testing.
• Execute strategic capital projects to enhance decision-making processes.
• Design presentations for senior management and manage ad-hoc inquiries.

Skills

Analytical Thinking

Data and Trend Analysis

Financial Forecasting and Modeling

Reporting

Scenario Planning and Analysis

Adaptability

Attention to Detail

Regulatory Compliance

Risk Management

Business Acumen

Critical Thinking

Financial Management

Interpret Relevant Laws, Rules, and Regulations

Education

Bachelor’s degree in Finance

Bachelor’s degree in Accounting

Bachelor’s degree in Business

Tools

Microsoft PowerPoint

Microsoft Word

Microsoft Excel

Job description

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 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!

Job Description:

This job is responsible for capital reporting and analytics, including calculating risk-weighted assets, measuring and monitoring Global Systematically Important Bank (G-SIB) scores, developing reports for Lines of Business (LOB) stakeholders, and implementing new models. Key responsibilities may also include developing LOB capital forecasts and producing peer analytics and impact assessments for new transactions, products and proposed rule changes.

This role resides in the Capital Adequacy and U.S. Legal Entity Capital Management group within Corporate Treasury. The group is responsible for the planning and forecasting of capital across different macroeconomic and idiosyncratic scenarios varying in severity across the capital planning continuum, ranging from business-as-usual to stress environments, including: CCAR/DFAST and Recovery and Resolution. Key business partners include Balance Sheet Management, Corporate Planning, Global Funding, Global Liquidity Management, Enterprise Stress Testing, Global Recovery and Resolution Planning, and Corporate Strategy.

The candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company.

Responsibilities:

• Perform key capital planning and stress testing process responsibilities such as maintenance and update of capital plans and policies and calibration of capital targets and limits
• Participate in assessment of capital adequacy across the capital planning continuum, including support of weekly and quarterly capital processes
• Execute strategic capital projects and initiatives to aid capital planning and decision-making processes, as well as support better connectivity across business areas and legal entities
• Design and produce presentations for senior management and the Board of Directors and manage and execute ad-hoc requests/inquiries from senior management, regulators, and other stakeholders
• Assist and educate business partners about capital, regulatory requirements, providing recommendations on capital actions and how to operate in a capital efficient manner
• Gain knowledge on various capital reporting regimes and their implications for the Company

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

Required Qualifications:

• 5+ years’ experience in Corporate Finance
• High degree of technical proficiency in Microsoft Office – particularly PowerPoint (senior management presentation decks), Word (business writing) and Excel (metrics and data analysis)
• Excellent communication skills, both written and verbal, including ability to summarize complex business problems and detailed analysis with clarity and brevity
• Robust problem solving and analytical skills, with superior attention to detail
• Ability to work independently in a fast-paced environment while multitasking and meeting strict deadlines
• Highly motivated and enjoys taking initiative
• Embraces challenges and change

Desired Qualifications:

• Familiarity with financial services regulatory environment and capital planning supervisory expectations
• Experience in Regulatory Capital, RWA, Stress Testing and related topics (e.g., CCAR/DFAST, Basel III, Basel III Endgame) in a large systemically important bank or management consulting firm
• Strong financial analysis skills
• Project management experience

Minimum Education Requirement:

• Bachelor’s degree in Finance, Accounting, Business, or related field or equivalent work experience.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544) Pay and benefits information Pay range $86,000.00 - $144,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.