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Senior Finance Analyst – Business Support (The Investment, Trust & Workplace Benefits Reporting, Analysis & Forecasting Team)

Charlotte, North Carolina;New York, New York; Pennington, New Jersey; Newark, Delaware

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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 Summary:

This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and providing financial analysis and guidance to support key decisions and initiatives. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and generating value creation ideas and new investment business cases. Job expectations include preparing insights to guide management's decision making and evaluating financial performance versus plans, forecasts, and prior periods.

The Investment, Trust & Workplace Benefits Reporting, Analysis & Forecasting Team is part of the Consumer/GWIM CFO organization. The primary focus of our team is providing centralized finance support to the GWIM Product teams (Investment Solutions Group, Workplace Benefits, National Trust Services and Philanthropic Business) and the GWIM Stress Testing Process.

Responsibilities:

+ Evaluates Lines of Business (LOB) financial performances and assists with decision making by synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics

+ Develops financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners

+ Creates forecasts and budgets by comparing current performance against plan, prior periods, prior forecasts, and budgets and evaluating current and future performance trajectory

+ Supports reporting and analysis for key constituents and management, which may include Board of Directors, Investor Relations, and/or various regulatory agencies

+ Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures

+ Supports new and ongoing projects and strategic initiatives by creating processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities

Additional Responsibilities:

The primary focus of Senior Financial Analyst on the GWIM Stress Test team is to develop, implement and maintain processes and procedures to produce the quarterly GWIM stress forecast.

Responsibilities include:

+ Producing stress forecasts for GWIM non-interest revenue streams, comprising multiple products and asset classes, for use in the Federal Reserve Board’s Comprehensive Capital Analysis & Review (CCAR)

+ Consolidating and communicating stress results, including variance and attribution analysis, to senior GWIM leaders

+ Maintaining and improving end-to-end automation of complex forecast process by utilizing Power Query and VBA

+ Liaising with quantitative modeling team, lines of business, and model risk management to develop quantitative and/or qualitative models that accurately reflect revenue drivers and business risks to stress GWIM Non-Interest Income

+ Develop and implement model governance and monitoring process through Ongoing Monitoring Reviews and Reporting utilizing statistical tests and benchmarking to identify and investigate model performance issues. Perform statistical models back-testing and monitor adherence to monitoring plan with GWIM LOB, BFOs, Model Developers and Model Risk Management (MRM)

The GWIM stress team partners with the GWIM Business leadership team, the GWIM Finance leadership team, BFO Finance, LOB Executives, the Enterprise Stress Test team, Global Risk Analytics and MRM.

The team is looking for an energetic candidate with strong technical skills and interest in investment products and trends in wealth management industry. The successful candidate must be automation focused, detailed oriented and have the proven ability to lead a project and take the initiative to own a process from beginning to end.

Required Skills:

+ 5+ years of financial analysis work experience

+ Experience working with large data sets and strong data analysis skills

+ Financial Forecasting experience or monthly / quarterly reporting

+ Advanced Excel / data manipulation / Power Query / Alteryx / Tableau

+ Analytical Abilities / Financial Acumen - Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results and arrive at well-founded logical conclusions

+ Strong organizational and communication skills

Desired Skills:

+ Basic programing knowledge of SQL, SAS, or VBA

+ Basic knowledge of statistical concepts (linear regression, standard deviation, time series analysis, etc)

+ Regulatory Reporting experience

+ eLedger, EPM /Essbase reporting experience

+ Strong business acumen including investment products knowledge

+ CFA / MBA / CPA

+ Bachelor's degree - accounting or finance preferred

**Skills** : Data Quality Management, Reporting, Business Process Analysis, Attention to Detail, Collaboration, Financial Analysis, Financial Forecasting and Modeling, Financial Processing, Data Visualization, Prioritization, Business Case Analysis, Analytical Thinking, Business Acumen, Critical Thinking, Decision Making

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NJ - Pennington - 1400 American Blvd - Princeton Place At Hopewell Bldg. 4 (NJ2140), US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)

Pay and benefits information

Pay range

$60,100.00 - $120,000.00 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.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.