Senior Asset Liability Analyst

Bank Of America Corporation Charlotte , NC 28201

Posted 3 months ago

Job Description:

Balance Sheet and 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 Global 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 Global Resolution and Recovery Planning exercise.

The Forecasting team within Balance Sheet Management primarily focuses on analyzing data, leveraging LOB inputs and collaborating across various business partners on balance sheet forecasts, and producing a dynamic forecast for the net interest income (NII) for various products and line of businesses at the Bank. The specific role will involve data analysis, working with various finance and enterprise functions to generate / review baseline and stress forecasts, leveraging data and LOB feedback to improve forecast assumptions and analyzing forecast trends and interest rate risk results.

Enterprise Role Overview

Team is responsible for production of forecasts for Short-term horizons (daily), Baseline strategic forecasts and Stress related to Deposits.

Required Skills & Experience:

  • Bachelor's degree

  • 1-5 years working in an analytical role around finance

  • Excellent analytical and complex problem resolution skills

  • Understanding of financial market dynamics, interest rates, accounting, and financial products

  • Understand balance sheet

  • 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 work with a high level of autonomy and make well-reasoned decisions

  • Team oriented

  • Strong communication/interpersonal skills

Desired Skills & Experience:

  • SQL
  • VBA
  • Tableau

Posting Date: 07/08/2019

Location: Charlotte, NC, BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, - United States

Travel: Yes, 5% of the time

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Asset Valuation Analyst Minneapolis MN Or Charlotte NC

US Bank

Posted 1 week ago

VIEW JOBS 9/11/2019 12:00:00 AM 2019-12-10T00:00 The Valuation Analyst is a key role in ensuring security valuations are applied in accordance with the Asset Valuation Policy and Asset Valuation Sub-Committee procedures and requirements. This individual will contribute to the oversight of the valuation process and aids in monitoring and assessing the quality of the prices being used. The role will be integral to the determination and review of appropriate valuation of fixed income, equity, and other hard-to-value assets through adherence and continued development of the control environment. * Research and implement industry best practices in the development of valuation methodologies and models * Work with internal teams to develop methodology, documentation and fair valuation of securities. * Responsible for the daily pricing process, including but not limited to, validating price movements, monitoring stale or unchanged prices, compliance price tolerance checks based on threshold deviation, and vendor pricing comparison * Support of internal valuation-related KPIs and other metrics * Coordinate and participate in due diligence of pricing and administration vendors * Participate in internal and external Asset Valuation audits * Security valuation knowledge acquired from the Mutual Fund/Investment Company industry or applicable certification. * Solid understanding and experience with Government/Sovereign Bonds; Corporate Bonds (Investment Grade, High Yield); Municipal Bonds; Derivatives (Futures, Options, Swaps); Mortgages (Agency, Non-Agency); Emerging Market Bonds; Inflation-Linked Bonds. * Quality control of market data and valuations, across a variety of security types and reference data types * Generate valuation reports for management * Perform comparison analysis of the valuations versus market data * Knowledge and understanding of accounting and financial reporting principles for investments * Public accounting experience a plus Skills and Abilities: * Prior experience with valuation modeling (DCF, Comparable Company, OPM) * Demonstrates an understanding of risk assessment and strong internal control procedures * Advanced in Microsoft Excel and Capital IQ * Expertise with Bloomberg, ICE and other evaluated service offerings * Ability to package and present ideas in a persuasive manner * Strong analytical and problem-solving skills. * Must work effectively independently * Ability to multi-task and deal with tight deadlines in a team environment. * Strong oral and written communication skills. Basic Qualifications * Bachelor's degree in a quantitative field such as econometrics, computer science, engineering or applied mathematics, or equivalent work experience * Four to five years of statistical experience Preferred Skills/Experience * Experience in analytics, advanced analytics/statistics, predictive modeling * Strong analytic skills with the ability to extract, collect, organize, analyze and interpret trends or patterns in complex data sets * Demonstrated project management skills * Effective interpersonal, verbal and written communication skills * Undergraduate degree in finance, accounting or economics * 4-5 years of experience valuing fixed income, private equity and/or venture capital investments US Bank Charlotte NC

Senior Asset Liability Analyst

Bank Of America Corporation