Bank of America SFA - Fin Bus Sup - Cap Mrks in Charlotte, North Carolina
The position as a member of the Global Banking Enterprise Stress Testing and Recovery & Resolution Plan (GB EST/RRP) team, will be responsible for:
- Quantifying, summarizing and reporting revenue, expense and balance sheet impacts from various adverse economic scenarios on the Global Banking businesses for submission to the FED, OCC and Senior Management.
The Senior Finance Analyst will help support the analysis and reporting of Global Banking earnings and balance sheet projections for hypothetical economic scenarios. This reporting is extensive, spanning multiple scenarios, business lines, and legal entities over a 9 quarter planning horizon. The results are used in deliverables for the CCAR (Comprehensive Capital Analysis and Review), the Federal Reserve’s annual assessment of the capital adequacy for the largest and most complex U.S. Banks, and OCC’s equivalent DFAST requirement. Both mid-year and year end reporting is required and is completed through the compilation of FR Y-14A reporting templates and supporting documentation.
- Assisting with financial projections for scenario generation, balance sheet, revenue and expense impacts resulting from resolution and recovery actions for submission to the various regulatory bodies and Senior Management.
The work routines and financial projections and reporting support the Front Line Units in the generation of a business strategy under BAC’s Recovery and Resolution Planning, a deliverable to the Federal Reserve and Federal Deposit Insurance Corporation. The financial forecasts include projections under various adverse economic scenarios as defined by the Central Team. This is generally an annual requirement although there are certain aspects of the RRP that may be required on a quarterly basis.
GB EST/RRP works with the Line of Business, Business Finance, Corporate Treasury, Central EST & RRP Offices, Risk leaders and Consultants throughout GBAM to review and analyze the financial and business impacts.
This is an exciting and unique opportunity to join a GBAM wide function, gain exposure to businesses and financial drivers across the segment’s products and businesses, and work with leaders across the organization.
Background in Finance or Economics
Solid EPM skills and knowledge of General Ledger
Strong analytical skills
Ability to translate business concepts to financial impacts
Strong communication, relationship building and interaction skills
Strong teamwork skills
Broad exposure to financial products, concepts and businesses
Adaptable to a fluid work environment where a variety of task are requested
Embraces a team environment and interactions
Posting Date : 07/13/2018
Charlotte, NC, BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST,
- United States
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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