Capital Calculation & Analysis Senior Financial Analyst

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

Pay Transparency details

US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)Pay and benefits informationPay range$86,000.00 - $144,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.