Finance Manager - Asset Liability Management

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. 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 managing balance sheets, balancing risk and stabilizing returns. Key responsibilities include determining and executing on stakeholder business requirements, leveraging discretionary assets, liabilities, and modern balance sheet instruments. Job expectations include pursuing operational excellence, recommending process improvements, decreasing operational risks, and providing analytics such as, Net Interest Income (NII) and yields.

Team Specific Job Description:

This job is responsible for baseline and stress forecasting and analyzing of the bank's balance sheets, Net Interest Income (NII) and Treasury Non- Interest income.  Key responsibilities include overseeing a team delivering dynamic, accurate, and disciplined forecast by product, LOB, and legal entity under baseline and/or stress scenarios, as well as Recovery and Resolution Planning. The team lead will be responsible for detailed analysis, reporting and communicating storylines to business partners and senior management. They may also be responsible for preparing entries to GL and various ad hoc analysis and requests to support strategic decision making. The team lead will also be responsible for helping drive AI adoption and automation where applicable and developing financial analysts. They work with broad set of stakeholders to execute forecast results and communicate key reported items and storylines. This role partners across BSM, Corporate Treasury, Risk, CFO group and other Enterprise groups.

Responsibilities:

• Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Required Qualifications:

• Minimum 5 year related experience in financial reporting and analytics, forecasting and balance sheet and net interest income
• Advanced Excel, data manipulation
• Detail oriented and strategic thinker
• Ability to handle multiple deliverables at once while still adhering to deadlines
• Ability to summarize complex problems in clear and easy to explain language
• Ability to lead peers but also work autonomously
• Comfort working with complex Financial Products, strong analytical abilities and problem solving skills
• Financial statements, Balance Sheet product and Net Interest Income business acumen experience

Desired Qualifcations:

• AI Curiosity and Prompting experience
• Knowledge of Balance Sheet and Financial Statements
• Experienced leader and developing talent
• SAP/eLedger experience

Skills:

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

Shift:

Hours Per Week: