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:

Enterprise Capital Management (ECM) is a global team of more than 100 professionals responsible for the efficient and prudent management of the Corporation's as well as its subsidiaries' capital across the enterprise globally. ECM implements the Board’s capital management strategy including issuance, redemption or repurchase of common stock and other capital instruments. ECM works closely with lines of business and guides them to efficiently and proactively manage the enterprise's capital including design and implementation of capital allocation methodologies. ECM also recommends capital related financial resource limits to senior management. In addition, ECM produces and monitors regulatory and internal economic capital metrics including capital adequacy ratios, leverage exposure and risk-weighted assets and oversees the end to end capital measurement process across the enterprise. Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings‎. ECM interfaces with banking regulators globally on all capital related matters.

This role resides within Global Markets Capital management team (a subset of Enterprise Capital Management).  Candidate will focus on driving complex calculations and reporting of capital for Global Markets transactions, including consideration of any new regulations.

Line of Business Responsibilities:

Serve as the subject matter expert on risk-weighted assets for these businessSolid knowledge of current Basel capital rules, including counterparty credit risk calculations, CVA and market risk rulesSolid knowledge of new Basel capital rules, including SACCR and FRTBIdentify and drive execution of RWA optimization opportunities (both advanced and standardized); evaluation and monitoring GSIB capital surchargeCollaborate with business partners including line of business, risk, legal and finance and data/calculations teams to ensure appropriate RWA calculations and represent capital on cross-functional initiativesProvide detailed / technical analysis of the impact of new or changing regulations and develop options for potential advocacy, including QIS workBuild relationships with partners and ensure appropriate level of capital knowledge

General Responsibilities:

Produces and monitors regulatory and internal capital metrics including capital adequacy ratios, leverage exposure, total loss-absorbing capacity (TLAC), and risk-weighted assets (RWA) Oversees capital measurement and model implementation for RWA calculations, baseline, and stress forecasts and works with Global Risk Analytics (GRA) and Technology and Data Management to propose, design, and test enhancements on the capital and model implementation processProvides key metrics and data to Centralized Regulatory Reporting (CRR) and Investor Relations for external regulatory filings, releases, and disclosures, including Federal Financial Institutions Examination Council (FFIEC) 101/102, HC-R, Pillar 3, 10-Q/K, and Y-14APartners with Lines of Business (LOBs) to integrate capital considerations into the LOBs' strategic plans and to advise and execute on RWA optimization strategiesDevelops Capital Plans, Internal Capital Adequacy Assessment Processes (ICAAPs), Resolution Plans, and Recovery Plans, creates capital content, and monitors ongoing capital adequacyServes as a subject matter expert on regulatory requirements and calculations for capital and/or RWA including exposure areas, such as Market Risk, Counterparty Credit Risk, Retail, Securitization, and SecuritiesMaintains capital management processes and controls and addresses inquiries from Risk, Corporate Audit, and external auditors

Required Qualifications:

8+ years of experience with financial markets products and businessesTechnical background, including Engineering or Technical SciencesProficiency in SQLExperience working with large databases, and identifying and correcting data problemsSolid analysis, communication, organization, and presentation skills

Desired Qualifications:

Experience in Capital Management, or Credit or Market Risk ManagementProficiency in Python and Excel VBAKnowledge of derivative products and risk managementProject management experience

Skills:

Analytical ThinkingData and Trend AnalysisFinancial Forecasting and ModelingRegulatory ComplianceScenario Planning and AnalysisBusiness AcumenInterpret Relevant Laws, Rules, and RegulationsPolicies, Procedures, and GuidelinesReportingRisk Management

Shift:

1st shift (United States of America)

Hours Per Week: 

40