Capital Management - Senior Financial Analyst

Job Description:

Capital is the foundation upon which Bank of America runs its business, invests, takes risk and generates returns for shareholders. The Enterprise Capital Management (ECM) team was formed in 2011 to provide expertise in the management of the Company's capital position. The group was created in response to the evolving regulatory environment including the implementation of the Basel III capital framework. In addition, ECM was formed to execute the annual Comprehensive Capital Analysis and Review (CCAR) stress tests administered by the Federal Reserve Bank (FRB) on the largest Bank Holding Companies.

The Global Markets Reporting and Initiatives team is part of the Enterprise Capital Management organization. The primary focus of our team is to calculate, analyze and communicate Regulatory and Allocated Capital, including calculation of pro forma capital for any upcoming regulations (e.g. Basel 4) focusing on Global Markets businesses. Our business partners include the lines of business, Risk, Technology, Data Management, Finance and Middle Office. Additionally, the team focuses on the management and monitoring of the Bank's GSIB capital surcharge as well as peer analysis, market intelligence and forecasting.

Key priorities for our team are monthly calculations and reporting of Regulatory Capital, design and produce reports of capital and RWA results, quarterly capital forecast, regulatory capital model implementation, variance commentary, reporting analytics, transaction advisory, and ad-hoc impact analysis.

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

• Be familiar with the capital requirements under Basel 3 rules and their practical application for the Company and Lines of Businesses
• Be responsible for the monthly calculation and analysis of Regulatory and Economic capital and risk-weighted assets (RWA)
• Be responsible for reporting and/or analysis activities to support the Bank's Capital Initiatives. Activities may include analyzing regulatory capital results; interpreting regulatory requirements in the context of a business problem; developing solutions; managing and/or executing implementation.
• Be responsible for investigating and explaining period-over-period capital and balance sheet movements
• Focus on team coordination and process improvements working with internal and external technology partners
• Understand changing regulatory capital framework and its impact on business, including the management of capital, also in consideration of liquidity, stress testing and strategic planning
• Foster relationships with partners in capital management, business and finance to resolve capital questions, provide strategic guidance and communicate capital usage
• For the assigned reporting components, serve as a subject matter expert on the respective regulations, industry trends, data and process
• Experience in preparing concise and effective presentations, including the ability to explain results of complex analysis at a level that resonates across many different audiences

The team is composed of employees located mostly in New York, Charlotte and San Francisco.

Required Skills & Experience:

• Minimum of 5 years of experience in a financial organization (capital experience is preferable)
• Strong financial analysis skills
• Advanced Excel and data manipulation skills
• Experience with SQL and working with large databases
• Experience in preparing concise and effective presentations, including the ability to explain results of complex analysis at a level that resonates across many different audiences
• Ability to multi-task and prioritize
• Strong communication skills and ability to influence at all levels of the organization
• Self-starter with ability to work independently
• Results oriented with the ability to remain flexible in the face of changing priorities

Desired Skills & Experience:

• Knowledge of Basel III regulatory capital rules
• Knowledge of industry trends and regulatory environment
• Strong reporting and analytic skills
• Experience with Python coding and working with large databases

Shift:
1st shift (United States of America)

Hours Per Week:
40