Bank Of America Sr Asset Liability Associate 

United States, North Carolina, Charlotte 

813812523

This job is responsible for daily forecasting and analyzing of the bank's balance sheets, Net Interest Income (NII), Funds Transfer Pricing (FTP) and interest rate risk sensitivity. Key responsibilities include partnering with Line of Business (LOB) leaders and teammates across Corporate Treasury, Risk, and the Chief Financial Office (CFO) and organizing the contributions of other analysts to deliver a dynamic, accurate, and disciplined forecast by product, LOB, and legal entity under baseline and/or stress scenarios.

Responsibilities:

• Delivers forecast analysis and reporting with accuracy and presents results to senior management
• Applies subject matter expertise of the key drivers of the Line of Business, Product balance sheet and Net Interest Income (NII) forecasts, Funds Transfer Pricing (FTP), and FDIC expenses, challenging the forecast and highlighting potential risks
• Identifies opportunities to enhance or simplify processes, improving analytical capabilities for stakeholders
• Summarizes complex problems in clear, easy to explain language
• Synthesizes the forecasting, securitization, deposit pricing, and annual report disclosure data from other analysts

Skills:

• Analytical Thinking
• Attention to Detail
• Data and Trend Analysis
• Financial Analysis
• Financial Forecasting and Modeling
• Adaptability
• Regulatory Compliance
• Reporting
• Risk Analytics
• Scenario Planning and Analysis
• Benchmarking
• Business Acumen
• Business Analytics
• Financial Management

Additional Job Responsibilities/Description:

The Treasury Analytics & Forecasting (TAF) team within BSM provides quantitative analytics and informed guidance to the Chief Investment Officer (CIO) function which executes key investment and hedging transactions across Bank and Non-Bank entities using on- and off-balance sheet products across assets and liabilities. Additionally, the TAF team engages in key Treasury project initiatives focused on driving Operational Excellence within the bank. Work responsibilities include initiative implementation, project management, and research and analysis, forecasting, and reporting to support decision making and execution across Treasury. Results of this work are presented to Senior Management on a regular basis.The associate in this role will be responsible for:

• Daily, monthly, and quarterly monitoring of securities, residential mortgages, and interest rate derivative portfolio trends across Actuals and Forecast
• Standardized and ad-hoc analysis to inform key strategic decisions and inform overall investment portfolio management
• Project management and change execution on key initiatives around forecasting and analytics
• Partnering with key internal stakeholders including CIO, Enterprise Capital Management (ECM), Global Liquidity Management (GLM), Global Risk, and Accounting Policy among others
  

Required Skills:

• Bachelor's Degree in Finance, Business, Accounting, Quantitative, Mathematics or Economics - or experience in analytics with emphasis on design, testing, and implementation of calculations related to balance sheet, net interest income, cash flows, or risk analytics
• Finance/Accounting knowledge – experience in balance sheet management, forecasting, or other Corporate Treasury functions
• Understanding of financial market dynamics, interest rates, accounting, and financial products
• Ability to manage multiple priorities in a time sensitive environment
• Ability to work across multiple teams in a collaborative environment
• Proficient in Microsoft Office tools, especially Microsoft Excel & SQL skills
• Inquisitive, willing to challenge the status quo and strive to improve processes

Desired Skills:

• Experience analyzing fixed income securities, interest rate derivatives
• Experience with SAP / Oracle (general ledger systems)
• Familiarity with financial institution legal entity structure
• Technical business analyst skills (SQL, VBA, Python a plus)
• CFA or pursuing CFA a plus
  

1st shift (United States of America)