CFO – Asset Liability Manager (Balance Sheet Management) Position Available In Mecklenburg, 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!

LOB Job Description:

Balance Sheet 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 Enterprise 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 Climate and Global Resolution and Recovery Planning exercise. The LOB Forecast & Product Analytics team serves as a key liaison between Treasury, Line of Business and Finance stakeholders with responsibilities in building short-term, strategic and stress forecasts. The LOB Forecast & Product Analytics team develops subject matter expertise on their respective coverage areas to understand balance and pricing trends, industry dynamics and competitor analysis.

Key Responsibilities:

Balance and pricing forecasts leveraging quantitative and qualitative models for short-term, baseline, stress, and resolution and recovery planning by LOB, product, and legal entity Produces analytics and provide insights to highlight risks and opportunities for respective coverage areas in terms of balance and pricing strategies Provides pricing analytics for actual and expected trends along with understanding of competitive landscape Stakeholder on various product pricing forums Partners across Treasury and BSM to provide insights on product expectations to support liquidity, capital, earnings, and interest rate analytics capabilities Partners with model developer teams to assist with model drivers, trends and expected results This role primarily focuses on Projects and Initiatives related to forecasting Loans (Commercial and Consumer), Deposits and Global Markets Balance Sheet and NII. Examples of work include leveraging automation tools, making forecast processes and reporting more efficient, developing new forecast approaches, Backtesting Balance sheet and NII forecasts and more. This role is an individual contributor with heavy partnership across Forecast Teams, BSM Leadership team and other Treasury business partners (QF, Funding, Liquidity, etc.).

Skills:

Analytical Thinking Data and Trend Analysis Financial Forecasting and Modeling Financial Management Risk Analytics Attention to

Detail Business Acumen Financial Analysis Regulatory Compliance Scenario Planning and Analysis Adaptability Benchmarking Presentation Skills Stakeholder Management Strategic Thinking Required Qualifications:

Minimum 4 years of experience within a financial institution with experience as a Balance Sheet or Financial Analyst Excellent analytical and complex problem resolution skills Project Management experience Balance Sheet product and Net Interest Income business acumen Understanding of financial market dynamics, interest rates, accounting, and financial products Proficient in MS Office tools, especially Microsoft Excel (v look ups, pivot tables) Inquisitive, willing to challenge the status quo and strive to improve processes Ability to meet strict timelines, ability to work with a high level of autonomy and make well-reasoned decisions Team oriented Strong communication/interpersonal skills

Desired Qualifications:

Treasury Experience Technical Business Analyst skills (SQL, VBA, Tableau, Python, Alteryx a plus)

Minimum Education Requirement:

Bachelor’s degree (quantitative finance, financial analysis, economics, or business administration preferred)

Shift:

1st shift (United States of America)

Hours Per Week:

40

Privacy Statement:

https://careers.bankofamerica.com/en-us/privacy-notice 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! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Diversity and Inclusion Each employee brings unique skills, background and opinions. We see diversity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe.

Pay Transparency:

https://careers.bankofamerica.com/en-us/pay-transparency