Senior Asset Liability Analyst

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:

Oversee daily trend analysis on the balance sheet. Manage projects for executive management including, but not limited to forecasting, securitization, deposit pricing, and annual report disclosures. Works with a high level of autonomy and assists with training of junior staff.

Balance Sheet Management (BSM) is a division within the CFO Group responsible for performing the analytics and forecasting function for Corporate Treasury and providing executive management with accurate and timely analysis of the balance sheet, net interest income (NII), and noninterest income. Information generated by this team provides the framework which allows the company to position its balance sheet consistent with its risk appetite and expectations for changes in interest rates. BSM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. Coordination with Global Risk, Model Risk, Funding Managers, and other Treasury teams facilitates strategic Asset Liability Management (ALM) decisions within a controlled framework.

The Treasury Analytics & Forecasting (TAF) team within BSM provides quantitative analytics and informed guidance to the Chief Investment Officer (CIO) function which executes key investment and hedging transactions across Bank and Non-Bank entities using on- and off-balance sheet products across assets and liabilities. Additionally, the TAF team engages in key Treasury project initiatives focused on driving Operational Excellence within the bank. Work responsibilities include initiative implementation, project management, and research and analysis, forecasting, and reporting to support decision making and execution across Treasury. Results of this work are presented to Senior Management on a regular basis.

The associate in this role will be responsible for:

• Daily, monthly, and quarterly monitoring of securities, residential mortgages, and interest rate derivative portfolio trends across Actuals and Forecast

• Standardized and ad-hoc analysis to inform key strategic decisions and inform overall investment portfolio management

• Project management and change execution on key initiatives around forecasting and analytics

• Partnering with key internal stakeholders including CIO, Enterprise Capital Management (ECM), Global Liquidity Management (GLM), Global Risk, and Accounting Policy among others

Job Requirements:

• At least 2-4 years of experience in analytics with emphasis on design, testing, and implementation of calculations related to balance sheet, net interest income, cash flows, or risk analytics

• Bachelor's Degree in Finance, Business, Accounting, Quantitative, or Economics - or equivalent work experience

• Finance/Accounting knowledge – experience in balance sheet management, forecasting, or other Corporate Treasury functions

• Understanding of financial market dynamics, interest rates, accounting, and financial products

• Ability to manage multiple priorities in a time sensitive environment

• Ability to work across multiple teams in a collaborative environment

• Proficient in Microsoft Office tools, especially Microsoft Excel & SQL skills

• Inquisitive, willing to challenge the status quo and strive to improve processes

Skills:

• Analytical Thinking

• Data and Trend Analysis

• Financial Analysis

• Financial Forecasting and Modeling

• Reporting

• Adaptability

• Attention to Detail

• Regulatory Compliance

• Risk Analytics

• Scenario Planning and Analysis

• Benchmarking

• Business Acumen

• Business Analytics

• Financial Management

Desired Skills:

• Experience analyzing fixed income securities, interest rate derivatives

• Experience with SAP / Oracle (general ledger systems)

• Familiarity with financial institution legal entity structure

• Technical business analyst skills (SQL, VBA, Python a plus)

• CFA or pursuing CFA a plus

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.