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Capital Management - Senior Financial Analyst

Bank of America

Bank of America

IT, Accounting & Finance
Charlotte, NC, USA · United States · Remote
Posted on Dec 11, 2024

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!

Job Description:
Responsible for more complex finance activities around capital calculation, reporting and/or analysis to support the Bank's Capital Initiatives. Must have a thorough understanding of Basel III. Can work independently. May provide supervision to a small staff. Supports achievement of business goals by working on more complex activities or projects within the unit and with partners.

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.

You will focus on driving complex calculations and reporting of capital for Wholesale loans, including consideration of any new regulations.

Required Qualifications:

  • Project management and issue resolution

  • SQL query writing (TOAD, Tableau)

  • 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 - or related work experience

  • Minimum 2 years of experience with quantitative methods applied to finance and banking

  • 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 is a plus

  • 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 is a plus

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

Shift:

1st shift (United States of America)

Hours Per Week:

40