The CFO Group serves a number of essential functions within Bank of America. Key organizations within the CFO Group include:
Chief Accounting Officer and Line of Business CFO Groups
Each line of business has its own CFO and a team dedicated to supporting its business, strategic planning and financial analysis functions:
- Global Consumer and Small Business Banking (GCSBB) Finance
- Global Commercial Banking (GCB) Finance
- Global Banking and Markets (GBAM) Finance
- Consumer Real Estate Services (CRES) Finance
- Global Wealth and Investment Management (GWIM) Finance
- Global Technology & Operations (GT&O) Finance
- Corporate Infrastructure (Staff Support Functions) Finance
- Corporate Treasury & Corporate Investments Finance
- Global Principal Investments Finance
The Chief Accounting Officer Group includes a Controllership function that works in conjunction with the Line of Business Corporate Finance teams to provide financial accounting and reporting. This organization also contains accounting policy, global finance operations, corporate tax, regulatory reporting, SEC Reporting and other external reporting activities.
Global Corporate Strategy & Development
Global Corporate Strategy & Development researches and recommends potential strategic acquisitions and divestitures and other business opportunities for the corporation.
Corporate Treasury is responsible for providing world-class management of the company's interest rate and liquidity risks using a state-of-the-art framework for balancing the tradeoffs between risk and return. Treasury's primary responsibilities include funding the company's balance sheet, forecasting net interest income, managing relationships with rating agencies and fixed income investors, and analyzing interest rate and liquidity risks.
Enterprise Capital Management
Enterprise Capital Management (ECM) is responsible for leading capital management across the company. This centralized team helps to ensure efficient and proactive management of economic and regulatory capital. The team works closely with other organizations at the bank including Risk, Technology, Finance, Treasury and the lines of business to ensure the appropriate level of governance to help define and execute the bank's capital management strategy.
Corporate Investments manages the bank's diversified financial portfolio through quantitative analysis and modeling to support management of the company's market and interest rate risk exposure.
Investor Relations is the contact for analysts and investors and is responsible for implementing a comprehensive investor relations program designed to keep the financial community current on company performance and industry trends.