CFO - Senior Associate - Asset Liability Management Treasury Analytics and Forecasting

Bank of America • Charlotte, NC, United States • $200k - $250k / year • 2h ago

CFO - Senior Associate - Asset Liability Management Treasury Analytics and Forecasting

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!

Principal Responsibilities:

Principal subject matter expert responsible for forecasting the firm's balance sheet and net interest income and/or monitoring and reporting on the firm's interest rate sensitivity. Leverage and oversee Senior Asset Liability Analysts to deliver a dynamic, accurate, and disciplined forecast by product, LOB, and Legal Entity under baseline and stress scenarios. Responsible for quality assurance and controls around pertinent external regulatory reporting and risk limits.

Balance Sheet Management (BSM) is a division within the CFO Group responsible for performing the analytics and forecasting function for Corporate Treasury and providing executive management with accurate and timely analysis of the balance sheet, net interest income (NII), and noninterest income. 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. BSM 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 Asset Liability Management (ALM) decisions within a controlled framework.

The Treasury Analytics & Forecasting (TAF) team within BSM provides quantitative analytics and informed guidance to the Chief Investment Officer (CIO) function which executes key investment and hedging transactions across Bank and Non-Bank entities using on- and off-balance sheet products across assets and liabilities. Additionally, the TAF team engages in key Treasury project initiatives focused on driving Operational Excellence within the bank. Work responsibilities include initiative implementation, project management, research and analysis, forecasting, and reporting to support decision making and execution across Treasury. Results of this work are presented to Senior Management on a regular basis.

Responsibilities:

Daily, monthly, and quarterly monitoring of securities, residential mortgages, and interest rate derivative portfolio trends across Actuals and Forecast.
Standardized and ad-hoc analysis to inform key strategic decisions and inform overall investment portfolio management.
Project management and change execution on key initiatives around forecasting and analytics.
Partnering with key internal stakeholders including CIO, Enterprise Capital Management (ECM), Global Liquidity Management (GLM), Global Risk, and Accounting Policy among others.

Skills:

Analytical Thinking
Attention to Detail
Data and Trend Analysis
Financial Analysis
Financial Forecasting and Modeling
Adaptability
Regulatory Compliance
Reporting
Risk Analytics
Scenario Planning and Analysis

Required Qualifications:

4 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.
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.

Desired Qualifications: