Senior Asset Liability Associate

4 weeks ago

Charlotte, North Carolina, United States Bank of America Full time

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us

Job Description:
Principal subject matter expert responsible for forecasting the firms balance sheet and net interest income and/or monitoring and reporting on the firms interest rate sensitivity. Leverage and oversee Senior Asset Liability Analysts to deliver a dynamic, accurate and disciplined forecast by product, LOB and Legal Entity under baseline and stress scenarios. Responsible for quality assurance and controls around pertinent external regulatory reporting and risk limits.

Team Description:

Balance Sheet and Management (BSM) is a division within the CFO group responsible for providing executive management with accurate and timely forecasts of the balance sheet and net interest income (NII). Another critical BSM function is the measurement and analysis of Interest Rate Risk (IRR) using various methods. This information provides the framework that 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. These partnerships focus on the following: (1) balance sheet composition and interest rate risk strategy, (2) strategic planning for the company s three-year outlook with Corporate Planning and Finance, (3) setting the right strategy to accurately measure the profitability of assets and liabilities to ensure efficient usage of the balance sheet, (4) stress testing the balance sheet under adverse economic scenarios with the Global Stress Testing team and, (5) producing the balance sheet and NII forecast in coordination with the Line of Business and Global Liquidity Management for the Global Resolution and Recovery Planning exercise.

This associate role within Balance Sheet Management are the primary subject matter expert responsible for forecasting the firm s balance sheet and net interest income ( NII ). The Associate leverages Senior Asset Liability Analysts to deliver a dynamic, accurate and disciplined forecast by product, LOB and Legal Entity under baseline and/or stress scenarios. They partner with other managers and senior business leaders across each line of business as well as across Corporate Treasury, Risk, and the CFO group.

Key Responsibilities: Forecast analysis and reporting delivered with accuracy Supervision and delegation of work to Analysts Analysis and reporting implementations based on market activities Process design/Operational excellence Presentations to senior leaders (B2 / B3) Skills: Analytical Thinking Attention to Detail Data and Trend Analysis Financial Analysis Financial Forecasting and Modeling Adaptability Regulatory Compliance Reporting Risk Analytics Scenario Planning and Analysis Detail oriented and strategic thinker Ability to handle multiple deliverables at once while still adhering to deadlines Ability to summarize complex problems in clear, easy to explain language Ability to lead peers but also work autonomously Comfort working with complex Financial Products, strong analytical abilities and problem solving skills Financial statements, Balance Sheet product and Net Interest Income business acumen Required Qualifications: Undergraduate degree (CFA, CPA and/or MBA preferred) - or, related work experience Minimum 3 years related experience Advanced Excel, modeling, data manipulation SAP/eLedger experience Shift:1st shift (United States of America)Hours Per Week: 40

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