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
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: team leverages data warehouses, requiring a working knowledge of SQL and works with large amounts of data in Excel. Ideal candidate is expected to use advanced Excel functions and create executive level summary reports
2-4 Years of financial support experience
4 year degree in Finance or Accounting - or related experience
Data analysis and reporting experience
CFA or CPA preferred
Internal Number: 20006686
About Bank of America
By delivering capabilities through eight lines of business, we provide a unique advantage to each customer and client: the powerful expertise of one team, working together to deliver on our purpose to help make financial lives better through our focus on responsible growth.
Employees in banking, markets and finance roles work directly with individual clients across the U.S., as well as companies and institutional clients globally. This includes our Consumer & Small Business, Wealth Management and Global Banking & Markets lines of business.
Employees in our business support functions work on specialist teams to ensure the strategic, efficient and successful operations of our organization’s day-to-day business. Our administrative, finance, audit, human resources, risk and legal functions make up this team.
Employees in technology and operations help provide the infrastructure, technology platforms and information security capabilities crucial to our ability to serve our clients.