Job Information
Bank of America Capital Calculation & Analysis Senior Financial Analyst in Charlotte, North Carolina
Capital Calculation & Analysis Senior Financial Analyst
New York, New York;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. 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 primary responsibilities of the Capital Calculation & Analysis (CC&A) team within Enterprise Capital Management (ECM) are the timely and accurate computation of the company’s regulatory capital, research to determine causes of unanticipated capital changes, design, construction and testing of tools and methodologies for capital calculation, 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. Tools that the group develops calculate the amount of capital required to support the asset holdings of the Bank. CC&A is looking for a motivated self-starter who wants to learn how capital is calculated and reported both internally and externally.
In our rapidly changing banking environment the individual in this role will be expected to maintain policies and procedures for capital reporting as well have capital production responsibilities. You will learn to identify opportunities to enhance tools and processes and create documentation supporting those enhancements. The ability to coordinate projects to bring about change in processes and procedures, quantify the results of such change and communicate these enhancements across ECM, Technology and Compliance is important. Strong quantitative and analytic skills as well as familiarity with banking products are needed.
Responsibilities: You will be responsible for (1) managing the Transaction and Conformance Testing, (2) developing and maintaining the data dictionary for capital calculation across different areas within ECM. As part of the responsibilities of the role, you will develop business partner relationships within ECM, e.g. various workstreams, ECM Technology, Quality Assurance, Capital Risk and Internal/External audit. Throughout the tenure of the role, you should gain exposure and acumen in Basel 3 Capital Calculation of the organization, and develop or improve the following skills of Basel 3 Capital, Time Management, communication and project coordination.
Required Qualifications
Minimum of 2 years industry experience working with financial products
Communication Skills
Multitasking
Regulatory Capital experience
Effectively work with other business partners
Demonstrates effective Written communication skill, taking complex information and information and communicating succinctly
Demonstrates effective oral communication skill
Comfortable communicating across various levels of the organization
Demonstrates the ability to be a self-starter, with a desire to challenge the status quo and go beyond what is asked
Attention to detail, comfortable functioning in a highly-dynamic, ever-changing environment, always meets or beats deadlines, manages multiple responsibilities simultaneously
Acts with courage and conviction. Speaks and acts with confidence. Appropriately shares his/her opinion. Stands up for what is right even when challenges. Makes difficult decisions.
Desired Qualifications:
BS/BA in Finance, Accounting, Economic, or Quantitative fields
Advanced Excel, Modeling, Data Manipulation
MS Access
Forecast/Planning experience
Project Management experience
Financial Statement Analysis experience
Comfortable working with complex Financial Products
Project Management
Skills:
Financial Forecasting and Modeling
Data and Trend Analysis
Reporting
Scenario Planning and Analysis
Analytical Thinking
Risk Management
Policies, Procedures, and Guidelines
Regulatory Compliance
Adaptability
Attention to Detail
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.