Senior Finance Analyst Capital Management

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed build a career and contribute to our shared success. This includes attracting and developing exceptional talent recognizing and rewarding performance and supporting our teammates physical emotional and financial wellness through affordable competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service community college education or a wide range of work and life experiences. These journeys foster resilience leadership and innovation strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration engagement and career development. Our approach includes clear in-office expectations while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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.

The Capital Forecasting and Analysis Team is responsible for leading integrated capital management strategy which includes Enterprise-level capital planning and optimization. This team is responsible for the Capital Plan under CCAR for the capital components of the Recovery and Resolution plans and top of house capital strategy. The team is responsible for compiling the capital forecast and assessing capital adequacy relative to targets and requirements.

Responsibilities:

• Analyzes business balance sheet and risk-weighted assets identifying optimization opportunities
• Ensures process documentation and procedures align with rule conformance of Basel capital requirements
• Consolidates and delivers monthly Basel III capital results explaining key drivers of variances
• Provides transactional support for live transactions
• Assists and educates business partners about capital regulatory requirements providing recommendations on how to operate in a capital efficient manner
• Facilitates capital forecasting for strategic planning and capital planning purposes including stress testing
• Monitors portfolios to anticipate capital needs and financial resource use
• Support capital planning and integrated financial outlook processes including preparation of regulatory capital ratio forecasts for capital adequacy recovery and resolution planning
• Contribute to enhancements of capital management processes by improving connectivity across business areas and legal entities.
• Build crossfunctional expertise through partnership with capital management Risk Balance Sheet Management Corporate Strategy Liquidity Stress Testing and Recovery & Resolution teams while developing knowledge of regulatory capital calculation and reporting frameworks.

Required Qualifications:

• 2-4 years experience in the financial industry
• Strong communication and business partnering skills
• Attention to detail
• Highly motivated and enjoys taking initiative
• Embraces challenges and change
• Advanced proficiency in MS office tools such as Excel and PowerPoint
• Ability to work well in a team environment

Desired Qualifications:

• Familiarity with Basel III rules/regulations
• Knowledge/understanding of CCAR requirements and processes
• Basic Excel VBA skills with specific application to process automation

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

Shift:

Hours Per Week: