Asset Liability Manager

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 Description:

The BSM IFAR team works with the broader Treasury and LOB Finance team to support LOB and Finance partners through analytics and reporting to communicate the story of the Company’s financial results to stakeholders. This team is responsible for coordinating, consolidating, analyzing, and reporting balance sheet forecast results under various scenarios including baseline and stress. This role also plays a critical role in forecasting net interest income (NII), Treasury non-interest income, and to explain the driver of our forecasts such as change in the market yields, the LOB business strategy by line of business, legal entity, and product.

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.

Managerial Responsibilities:

This position is responsible for building analytical capabilities and optimization tools that help IFAR team drive efficient balance sheet management and more data-driven decision making in below relevant fields.

Balance Sheet, NII and Treasury Non-Interest income results review and challenge. Provide stakeholders insight into consolidated BAC and Treasury’s performance as a line of business including overviews of financials for our Senior Executives and Investor Relations. Aggregate and support regulatory requests, internal audit requests and other internal risk and control submissions Perform ad hoc analysis to support changes in financial results and drive influence to management decision making Execution and review of Residual Allocations and FDIC Expense forecast and storylines provided to business partners and senior management

Required Qualifications:

• Minimum 5 years Tech, Treasury, Finance, or Trading experience.
• Strong analytical, investigative problem-solving, and decision-making skills
• Strong Excel skills are a must.
• Ability to thrive in a fast paced, demanding environment, adapt to changing priorities and demonstrate initiative.
• Inquisitive, willing to challenge the status quo and strive to improve processes.
• Ability to work independently, with a team, with minimal supervision and efficiently prioritize tasks.
• Ability to communicate effectively across a broad range of constituents in verbal, written and presentation forms.
• Ability to build and maintain strong relationships across the Enterprise. Comfortable leading an initiative as well as playing a support role on a broader team.

Desired Qualifications:

• Familiarity with Treasury / balance sheet management topics.
• Undergraduate degree with quantitative focus / prefer quantitative finance, computer science, or financial engineering major - or, related work experience.
• SQL and/or other advanced data manipulation skills.
• Experience with SAP / Oracle (general ledger systems) is a plus but not a must.

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
• Reporting

Shift:

Hours Per Week: