Balance Sheet Management and Treasury Finance (BSMTF) 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 BSMTF 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. 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, Investment Securities Portfolio Managers, and other Treasury teams facilitates strategic ALM decisions within a controlled framework.
The Interest Rate Analytics (IRA) team within BSMTF provides quantitative analytics for senior management to monitor the bank's balance sheet positioning, and to provide securities valuation during CCAR and recovery/resolution planning stress cycles. The team focuses on three key areas of interest rate risk measurement; risk associated with NII, Economic Value of Equity (EVE), and Other Comprehensive Income (OCI). Additionally, the IRA 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 balance sheet positioning 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.
This role primarily focuses on analyzing data, reviewing and producing interest rate risk analytics. Works with Associates and Managers to escalate risks. Responsible for quality assurance and controls around pertinent external regulatory reporting and risk limits.
What you can expect:
This is a dynamic role that will span across multiple functions within our team (NII, EVE and OCI). The Analyst will work closely with business partners across EMEA and APAC with an opportunity to present to senior executives. You will have the opportunity to deepen technical skills as we work to enhance our analytical capabilities through the use of a variety of tools (Tableau, Alteryx etc.). This is a Senior Analyst role where you will have the ability to lead projects and drive change within the organization.
The Analyst will deliver Operational Excellence via actions that promote simplicity, continuous improvement and innovation, e.g. generating ideas to improve work and data ownership, developing new tools to simplify and improve our analytical capabilities. Seek opportunities to reduce operational risk and by becoming more efficient.
1-2 years of experience in data analytics with emphasis on net interest income, cash flows, or risk analytics
Bachelor's Degree or equivalent work experience in Finance, Business, Accounting, Quantitative, or Economics
Finance/Accounting knowledge - experience in balance sheet management, forecasting, or other Corporate Treasury functions
Ability to manage multiple priorities in a time sensitive environment
Ability to work across multiple teams in a collaborative environment
Proficient in MS 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
Technical Business Analyst skills (SQL, VBA, Tableau, Alteryx, Python a plus)
CFA or pursuing CFA a plus
1st shift (United States of America)
Hours Per Week:
Internal Number: 21078157
About Bank of America
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.