The Corporate Treasury Finance team is part of the Chief Financial Officer organization and performs the finance function for Corporate Treasury. The team provides financial analysis and support for the corporation’s ALM portfolio which includes Debt Securities, Residential Mortgages, and various derivatives used to manage the company’s interest rate risk. Additionally, the team provides finance support for other treasury activities including BOLI and hedging of non-qualified deferred compensation. This position will specifically focus on residential mortgage loans, various types of debt securities and tracking of performance of various hedging programs. Our business partners include the Chief Investment Officer (CIO) team, Balance Sheet Management, Capital, Consumer Finance, Enterprise Stress Testing and Accounting Policy.
Associate in this role will be responsible for the following:
- Balance Sheet and Income Statement forecasting (baseline, stress testing, and short-term estimate to actual tracking)
- Monthly and Quarterly analysis of portfolio trends, modeling results and market variables used in forecasting process
- Ad-hoc analysis to support key strategic decisions and overall portfolio management
- Create models and tools to support forecasting process
- Drive process improvement initiatives to streamline reporting and forecasting process
- Price testing and Volker reporting for debt securities
- Evaluate and assist with implementation of accounting rule changes applicable to the ALM portfolio
Enterprise Role Overview
Manager/IC utilizing thorough knowledge and understanding of product, process and inherent risk to act as subject-matter expert for a product/business or function. Significant exposure to the Front Office and extensive interaction with senior management required. Responsible for leading business analysis including all financial reporting and disclosures. Analyzes & substantiates P&L attributes and balance sheets. Establishes infrastructure for new products. Performs month end close and approves ledger journal entries.
Required Skills and Experience:
4-7 Years of Finance Support Experience - around Bond Accounting, Consumer/Commercial BFO or Capital Markets experience
4 year degree in Finance or Accounting
Data analysis and reporting experience
This role will require direct communication with business partners and senior management. The ideal candidate should possess excellent communication skills and be comfortable presenting at various levels of the organization.
Working knowledge of SQL and advanced Excel skills: We leverage data warehouses which require working knowledge of SQL and working with large amounts of data in excel. Ideal candidate is expected to use advanced excel functions and create executive level summary reports.
Desired Skills and Experience:
CFA or CPA preferred
Internal Number: 18050769
About Bank of America
At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.