CFO - Finance Manager - Capital Management

Bank of America; Charlotte (NC); On-site; USD 80,000 - 110,000; Full time

Job summary

A leading financial institution seeks a Capital Management Analyst to enhance its capital adequacy management. This role involves collaborating across departments to ensure compliance with capital regulations and improve financial forecasting. Ideal candidates possess strong analytical skills and a bachelor's degree in finance or related fields.

Qualifications

• Minimum 4 years of experience in finance and banking.
• Advanced SQL/Python skills for managing large databases.
• Experience in regulatory capital reporting preferred.

Responsibilities

• Produce and monitor regulatory capital metrics.
• Partner with Lines of Business to integrate capital considerations.
• Serve as a subject matter expert on regulatory requirements.

Skills

Analytical Thinking

Data and Trend Analysis

Financial Forecasting and Modeling

Regulatory Compliance

Scenario Planning and Analysis

Business Acumen

Critical Thinking

Financial Management

Strategic Thinking

Education

Bachelor's degree in finance, engineering, computer science, math, or statistics

Tools

SQL

Python

Excel

PowerPoint

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 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.

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

Additional Responsibilities:

• Contributes to strategic initiatives including transitioning capital calculations to a new platform
• Close partnership with ECM technology and CFO Data management teams on calculation changes

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

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 Qualification:

• Minimum 4 years of experience with quantitative methods applied to finance and banking
• Understanding of Basel III RWA regulations
• Project management and issue resolution
• Advanced in SQL/Python coding and working with large databases, experience with data mining Report analysis, design and development
• Relationship Building (influencing)
• Attention to detail coupled with ability to simplify the complex
• Advanced Excel and Intermediate PowerPoint experience

Desired Qualification:

• Experience in regulatory capital and capital reporting
• Strategic thinker that can understand complex business challenges and potential solutions
• Experience in managing large strategic projects
• Ability to quickly get up to speed on Saber calculator, which is built with Python code

Minimum Education Requirement: Bachelor's degree in finance, engineering, computer science, math, or statistics

Shift:

1st shift (United States of America)

Hours Per Week:

40