Intermediate Finance 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 an 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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us
 

Job Description:
This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and providing financial analysis and guidance to support the implementation of strategic plans. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, and financial reporting. Job expectations include working individually or in teams on small projects and evaluating financial performance versus plans, forecasts, and prior periods.

The Investment, Trust & Workplace Benefits Reporting, Analysis & Forecasting Team is part of the Consumer/GWIM CFO organization. The primary focus of our team is providing centralized finance support to the GWIM Product teams (Investment Solutions Group, Workplace Benefits, National Trust Services and Philanthropic Business) and the GWIM Stress Testing Process.

Responsibilities:

• Assists in evaluating Lines of Business (LOBs) financial performances and synthesizes key trends, assesses current and future business risks, and prepares, analyzes, and reports on financial results and key metrics
• Develops financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
• Assists in creating forecasts and budgets by comparing current performance against plan, prior periods, prior forecasts, and budgets and evaluating current and future performance trajectory
• Supports reporting and analysis for key constituents and management, which may include Board of Directors, Investor Relations, and/or various regulatory agencies
• Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures with little oversight
• Supports the creation and delivery of process improvements and simplifications to enable increased focus on strategic priorities

Additional Responsibilities:

The primary focus of Intermediate Finance Analyst on the GWIM Stress Test team is to develop, implement and maintain processes and procedures to produce the quarterly GWIM stress forecast. 

Responsibilities include:

• Producing stress forecasts for GWIM non-interest revenue streams, comprising multiple products and asset classes, for use in the Federal Reserve Board's Comprehensive Capital Analysis & Review (CCAR)
• Consolidating and communicating stress results, including variance and attribution analysis, to senior GWIM leaders
• Maintaining and improving end-to-end automation of complex forecast process by utilizing Power Query and VBA
• Liaising with quantitative modeling team, lines of business, and model risk management to develop quantitative and/or qualitative models that accurately reflect revenue drivers and business risks to stress GWIM Non-Interest Income
• Develop and implement model governance and monitoring process through Ongoing Monitoring Reviews and Reporting utilizing statistical tests and benchmarking to identify and investigate model performance issues. Perform statistical models back-testing and monitor adherence to monitoring plan with GWIM LOB, BFOs, Model Developers and Model Risk Management (MRM)

The GWIM stress team partners with the GWIM Business leadership team, the GWIM Finance leadership team, BFO Finance, LOB Executives, the Enterprise Stress Test team, Global Risk Analytics and MRM.

The team is looking for an energetic candidate with strong technical skills and interest in investment products and trends in wealth management industry.  The successful candidate must be automation focused, detailed oriented and have the proven ability to lead a project and take the initiative to own a process from beginning to end.

Required Qualifications:

• Minimum of 1 year experience in financial services/ banking industry
• Strong business acumen including investment products knowledge
• Strong organizational and communication skills
• Ability to manage multiple priorities in a time sensitive environment
• Ability to work across multiple teams in a collaborative environment
• Inquisitive, willing to challenge the status quo and strive to improve processes

 

Desired Qualifications:

• Bachelor's degree in Finance/ Accounting
• Basic programing knowledge of SQL, and/or SAS, and/ or VBA

Skills:

• Attention to Detail
• Business Process Analysis
• Collaboration
• Data Quality Management
• Reporting
• Data Visualization
• Financial Analysis
• Financial Forecasting and Modeling
• Financial Processing
• Prioritization
• Analytical Thinking
• Business Acumen
• Business Case Analysis
• Critical Thinking
• Decision Making

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Pennington American Blvd - Hopewell Bldg 4 (NJ2140), US - NY - New York Ave Of The Americas - Two Bryant Park (NY1540)Pay and benefits informationPay range$71, $107,500.00 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.

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