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. They 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.
Required Skills : Must have these skills to be minimally qualified
BS in engineering, economics, math, statistics, finance or accounting, or equivalent work experience
Must have working knowledge of Regulatory Capital, Capital Reporting
Working knowledge and understanding of BASEL III is highly desired
3+ years of experience with quantitative methods applied to finance and banking
Proficiency with SQ is a plus
Microsoft Excel, PowerPoint and Word
Ability to simultaneously manage multiple tasks and responsibilities successfully
Advanced knowledge and experience using SQL and working with large databases
Ability to use eLedger and Tableau are all plusses
Excellent communication skills
Regulatory capital reporting & filing preparation (FR Y9C HCR/RCR, FFIEC 101) a plus
This role may be filled as a Capital Management - Finance Manager or a Capital Management - Senior Financial Analyst based on skills and experience
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.