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:
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
Strong communication/interpersonal skills
Desired Skills & Experience:
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
Bank Of America Corporation