• Job Description

  Req#: 25002134

  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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

  Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

  At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

  Job Description:
  Responsible for more complex finance activities around capital calculation, reporting and/or analysis to support the Bank's Capital Initiatives. Must have a thorough understanding of Basel III. Can work independently. May provide supervision to a small staff. Supports achievement of business goals by working on more complex activities or projects within the unit and with partners.

  Enterprise Capital Management (ECM) is a global team of more than 100 professionals responsible for the efficient and prudent management of the Corporation's as well as its subsidiaries' capital across the enterprise globally. ECM implements the Board’s capital management strategy including issuance, redemption or repurchase of common stock and other capital instruments. ECM works closely with lines of business and guides them to efficiently and proactively manage the enterprise's capital including design and implementation of capital allocation methodologies. ECM also recommends capital related financial resource limits to senior management. In addition, ECM produces and monitors regulatory and internal economic capital metrics including capital adequacy ratios, leverage exposure and risk-weighted assets and oversees the end to end capital measurement process across the enterprise. Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings ‎ . ECM interfaces with banking regulators globally on all capital related matters. This role resides within Global Markets Capital management team (a subset of Enterprise Capital Management). The candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company and U.S. Legal Entities. Candidate will focus on more complex finance activities around capital calculation, reporting and/or analysis to support the Bank's Capital Initiatives.

  Responsibilities:

  • Serves as a subject matter expert on Basel 3 regulatory requirements for counterparty credit risk-weighted assets

  • Understand changing regulatory capital framework and its impact on the Global Markets business, including the management of capital, capital return metrics and financial statement analysis

  • Activities may include analyzing regulatory capital results; interpreting regulatory requirements in the context of a business problem; providing and presenting peer analysis

  • Foster relationships with partners in capital management, business and finance to resolve capital questions, provide strategic guidance and communicate capital usage

  Required Qualifications:

  • Minimum of 3 years of experience with financial markets products and businesses

  • Quick learner and detail oriented

  • Strong communication skills and ability to influence.

  • Strong Excel and PowerPoint skills

  • Strong financial analysis skills

  • Ability to multi-task and prioritize

  Desired Qualifications:

  • Bachelor's Degree

  • Knowledge of derivative products and risk management

  • Experience working with large databases, and identifying and correcting data problems

  • Proficiency in SQL

  Skills:

  • Basic SQL skills for report preparation and queries

  • Analytical Thinking

  • Data and Trend Analysis

  • Financial Forecasting and Modeling

  • Reporting

  • Scenario Planning and Analysis

  • Adaptability

  • Attention to Detail

  • Policies, Procedures, and Guidelines

  • Regulatory Compliance

  • Risk Management

  • Benchmarking

  • Business Acumen

  • Critical Thinking

  • Financial Management

  • Interpret Relevant Laws, Rules, and Regulations

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

  Pay Transparency details

  US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)

  Pay and benefits information

  Pay range

  $86,000.00 - $144,000.00 annualized salary, offers to be determined based on experience, education and skill set.

  Discretionary incentive eligible

  This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

  Benefits

  This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

• About the company

  Bank of America is one of the world's largest financial institutions, serving individuals, 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.

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