Job Information
Bank of America CFO - Senior Associate - Asset Liability Management Treasury Analytics and Forecasting in Charlotte, North Carolina
CFO - Senior Associate - Asset Liability Management Treasury Analytics and Forecasting
Charlotte, North Carolina
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
Principal subject matter expert responsible for forecasting the firms balance sheet and net interest income and/or monitoring and reporting on the firms interest rate sensitivity. Leverage and oversee Senior Asset Liability Analysts to deliver a dynamic, accurate and disciplined forecast by product, LOB and Legal Entity under baseline and stress scenarios. Responsible for quality assurance and controls around pertinent external regulatory reporting and risk limits.
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:
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
Attention to Detail
Data and Trend Analysis
Financial Analysis
Financial Forecasting and Modeling
Adaptability
Regulatory Compliance
Reporting
Risk Analytics
Scenario Planning and Analysis
Required Qualifications:
4 years of experience in analytics with emphasis on design, testing, and implementation of calculations related to balance sheet, net interest income, cash flows, or risk analytics
Finance/Accounting knowledge – experience in balance sheet management, forecasting, or other Corporate Treasury functions
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:
Bachelor's Degree in Finance, Business, Accounting, Quantitative, or Economics
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)
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.