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:
Responsible for more complex finance activities around capital calculation, reporting and/or analysis to support the Bank's Capital Initiatives. Must have a thorough understanding of Basel III. Can work independently. May provide supervision to a small staff. Supports achievement of business goals by working on more complex activities or projects within the unit and with partners.

The primary responsibilities of the Capital Calculation & Analysis (CC&A) team within Enterprise Capital Management (ECM) are the timely and accurate computation of the company’s regulatory capital, research to determine causes of unanticipated capital changes, design, construction and testing of tools and methodologies for capital calculation, and ad-hoc analytical reporting to senior management and regulatory agencies. Success requires understanding of regulatory capital and accounting rules and the ability to formulate means by which answers may be derived from large sets of data. Tools that the group develops calculate the amount of capital required to support the asset holdings of the Bank. CC&A is looking for a motivated self-starter who wants to learn how capital is calculated and reported both internally and externally.

In our rapidly changing banking environment the individual in this role will be expected to maintain policies and procedures for capital reporting as well have capital production responsibilities. You will learn to identify opportunities to enhance tools and processes and create documentation supporting those enhancements. The ability to coordinate projects to bring about change in processes and procedures, quantify the results of such change and communicate these enhancements across ECM, Technology and Compliance is important. Strong quantitative and analytic skills as well as familiarity with banking products are needed.

Responsibilities:  You will be responsible for (1) managing the Transaction and Conformance Testing, (2) developing and maintaining the data dictionary for capital calculation across different areas within ECM. As part of the responsibilities of the role, you will develop business partner relationships within ECM, e.g. various workstreams, ECM Technology, Quality Assurance, Capital Risk and Internal/External audit. Throughout the tenure of the role, you should gain exposure and acumen in  Basel 3 Capital Calculation of the organization, and develop or improve the following skills of Basel 3 Capital, Time Management, communication and project coordination.

Required Qualifications

Minimum of 2 years industry experience working with financial products

Communication Skills

Multitasking

Regulatory Capital experience

Effectively work with other business partners

Demonstrates effective Written communication skill, taking complex information and information and communicating succinctly

Demonstrates effective oral communication skill

Comfortable communicating across various levels of the organization 

Demonstrates the ability to be a self-starter, with a desire to challenge the status quo and go beyond what is asked

Attention to detail, comfortable functioning in a highly-dynamic, ever-changing environment, always meets or beats deadlines, manages multiple responsibilities simultaneously

Acts with courage and conviction. Speaks and acts with confidence. Appropriately shares his/her opinion. Stands up for what is right even when challenges. Makes difficult decisions.

Desired Qualifications:

BS/BA in Finance, Accounting, Economic, or Quantitative fields

Advanced Excel, Modeling, Data Manipulation

MS Access

Forecast/Planning experience

Project Management experience

Financial Statement Analysis experience

Comfortable working with complex Financial Products

Project Management

Skills:

Financial Forecasting and Modeling

Data and Trend Analysis

Reporting

Scenario Planning and Analysis

Analytical Thinking

Risk Management

Policies, Procedures, and Guidelines

Regulatory Compliance

Adaptability

Attention to Detail

Shift:

Hours Per Week: