Bank Of America Capital Mgmt - Finance Manager 

United States, New York, New York 

649339331

Job Description:

Job Description:

This job is responsible for contributing to the efficient and effective management of the bank's capital to maintain capital adequacy needed for supporting responsible growth and return to shareholders. Key responsibilities include partnering with Lines of Business (LOBs), Global Technology, Chief Finance Officer, Group Data Management, Treasury Policy and Advocacy, Global Risk Analytics (GRA), Centralized Regulatory Reporting (CRR), and Investor Relations. Job expectations include applying expertise in capital regulations, reporting, and analysis to support the bank's capital initiatives.

Responsibilities:

The primary responsibilities of the Regulatory Capital Reporting and Consolidation (RCRC) team within Enterprise Capital Management (ECM) are the timely and accurate computation of the company’s regulatory capital, research to determine causes of unanticipated capital changes, design, construction and testing of tools and methodologies for capital calculation, and ad-hoc analytical reporting to senior management and regulatory agencies. Success requires understanding of regulatory capital and accounting rules and the ability to formulate means by which answers may be derived from large sets of data. Tools that the group develops calculate the amount of capital required to support the asset holdings of the Bank. RCRC is looking for a motivated self-starter who wants to learn how capital is calculated and reported both internally and externally.
In our rapidly changing banking environment the individual in this role will be expected to maintain policies and procedures for capital reporting as well have capital production responsibilities. They will learn to identify opportunities to enhance tools and processes and create documentation supporting those enhancements. The ability to coordinate projects to bring about change in processes and procedures, quantify the results of such change and communicate these enhancements across ECM, Technology and Compliance is important. Strong quantitative, analytic and communication skills as well as familiarity with banking products are needed.

Skills:

• Analytical Thinking
• Data and Trend Analysis
• Financial Forecasting and Modeling
• Regulatory Compliance
• Scenario Planning and Analysis
• Business Acumen
• Interpret Relevant Laws, Rules, and Regulations
• Policies, Procedures, and Guidelines
• Reporting
• Risk Management
• Benchmarking
• Critical Thinking
• Financial Management
• Stakeholder Management
• Strategic Thinking

Required Qualifications:

• BS/BA Finance/Accounting/Economic/Quantitative
• Communication Skills
• Multitasking
• Regulatory Capital experience

Desired Qualifications:

• CPA
• CFA
• MBA
• SAP/eLedger
• Advanced Excel, Modeling, Data Manipulation
• Access
• Forecast/Planning Experience
• Project Management Experience
• Financial Statement Analysis Experience
• Comfort working with complex Financial Products