Balance Sheet Management Treasury Finance (BSMTF) is a division within the CFO Group responsible for performing the finance function for Corporate Treasury and providing executive management with accurate and timely analysis of the balance sheet, net interest income (NII), and non-interest income across Actuals and Forecast. Information generated by this team provides the framework which allows the company to position its balance sheet consistent with its risk appetite and expectations for changes in interest rates. BSMTF maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. Coordination with Global Risk, Model Risk, Funding Managers, and other Treasury teams facilitates strategic ALM decisions within a controlled framework.
The Treasury Business Finance Officer (BFO) team within BSMTF provides quantitative analytics and informed guidance to the Strategic Asset Liability Management (SALM) function which executes key funding transactions across Bank and Non-Bank entities using multiple products. Additionally, the Treasury BFO team engages in key Treasury project initiatives focused on driving Operational Excellence within the bank. Work responsibilities include daily, monthly, and quarterly monitoring of the bank's funding positions as well as a variety of ad hoc analytics to provide consulting and support for decision making across Treasury. Results of these analytics are presented to Senior Management on a regular basis.
The associate in this role will be responsible for:
Daily, monthly, and quarterly monitoring of funding portfolio trends across Actuals and Forecast
Standardized and ad-hoc analysis to inform key strategic decisions and inform overall funding portfolio management
Partnering with key internal stakeholders including SALM, Enterprise Capital Management (ECM), Global Liquidity Management (GLM), Global Risk and Accounting Policy, among others
At least 5 years of experience in analytics with emphasis on design, testing, and implementation of calculations related to balance sheet, net interest income, cash flows, or risk analytics
Bachelor's degree in Finance, Business, Accounting, Quantitative, or Economics - or equivalent work experience
Finance/Accounting knowledge - experience in balance sheet management, forecasting, or other Corporate Treasury functions
Understanding of financial market dynamics, interest rates, accounting, and financial products
Ability to manage multiple priorities in a time sensitive environment
Ability to work across multiple teams in a collaborative environment
Proficient in Microsoft Office tools, especially Microsoft Excel & SQL skills
Inquisitive, willing to challenge the status quo and strive to improve processes
Experience analyzing fixed income securities, interest rate derivatives
Experience with SAP / Oracle (general ledger systems)
Familiarity with financial institution legal entity structure
Technical business analyst skills (SQL, VBA, Python a plus)
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.