• Job Description

  Req#: 25022149

  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 an 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.

  Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

  Job Description:
  This job is responsible for supporting business analysis for a Line of Business (LOB) by producing all financial reporting and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying knowledge of product(s), processes, and inherent risks for a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, assist in production of regulatory matters analysis, and perform critical testing and calculations.

  Responsibilities:

  • Supports with preparing and analyzing balance sheets and Profit and Loss (P&L) reports and validates postings and balances for a product aligned to a Line of Business (LOB) using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies
  • Performs month-end close and financial reporting, critical testing and calculations, and periodic analysis
  • Assists in the development of strategic and annual planning efforts and implementations and performs profitability analysis, forecasting, and financial reporting for a product or general ledger account type
  • Partners closely with the front office, Operations, and Technology to support defining business finance processes and implementing related technology solutions
  • Analyzes regulatory matters, such as the Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolutions Plans (RRP), to assess risk modeling practices within the bank

  Required Qualifications:

  • Minimum of 2 years industry experience
  • Strong financial analytics experience
  • Advanced experience/skills with Excel and complex spreadsheets
  • Strong communication and presentation skills

  Desired Qualifications:

  • Bachelor degree (Accounting/Finance)
  • Minimum of 5 years in product/ valuation controls

  Skills:

  • Analytical Thinking
  • Attention to Detail
  • Financial Accounting
  • Financial Management
  • Reporting
  • Business Analytics
  • Critical Thinking
  • Data Quality Management
  • Financial Processing
  • Price Verification and Valuation
  • Business Acumen
  • Influence
  • Prioritization
  • Problem Solving
  • Scenario Planning and Analysis

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

  Pay Transparency details

  US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)

  Pay and benefits information

  Pay range

  $84,400.00 - $118,200.00 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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