Senior Asset Liability Associate

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:
This job is responsible for daily forecasting and analyzing of the bank's balance sheets, Net Interest Income (NII), Funds Transfer Pricing (FTP) and interest rate risk sensitivity. Key responsibilities include partnering with Line of Business (LOB) leaders and teammates across Corporate Treasury, Risk, and the Chief Financial Office (CFO) and organizing the contributions of other analysts to deliver a dynamic, accurate, and disciplined forecast by product, LOB, and legal entity under baseline and/or stress scenarios.

• Subject matter expert (SME) responsible for forecasting balance sheet and net interest income (NII) for Bank of America’s Global Markets line of business. Work as a member of the Line of Business (LOB) Forecast & Product Analytics team to deliver a dynamic, accurate and disciplined forecast by product, LOB and Legal Entity under baseline and stress scenarios. Responsible for managing, reviewing and explaining the impacts from the Global Markets balance sheet and NII forecast on key metrics such as the firm’s total NII projections, interest rate sensitivity and legal entity-level reporting.
• Balance Sheet Management (BSM) is a division within Treasury (part of the CFO group) primarily responsible for 1) providing executive management with accurate and timely forecasts of the balance sheet and NII, and 2) the measurement and analysis of Interest Rate Risk (IRR). This information provides the framework that allows the company to position its balance sheet consistent with its risk appetite and expectations for changes in interest rates.
• BSM maintains close partnerships with various groups across the enterprise, including teams across Treasury, Finance, Risk and the Lines of Business to provide key inputs to critical processes and strategic decisions. These partnerships focus on the following: (1) balance sheet and income statement composition, (2) strategic planning for the company’s three-year outlook, (3) understanding and helping influence strategy for the company’s lines of business to accurately measure the profitability of assets and liabilities to ensure efficient usage of the balance sheet, and (4) stress testing the balance sheet under adverse economic scenarios.
• The LOB Forecast & Product Analytics team serves as a key liaison among Treasury, Line of Business and Finance stakeholders with responsibilities in building strategic baseline and stress forecasts that cover a range of financial asset and liability products on the company’s balance sheet. The LOB Forecast & Product Analytics team develops subject matter expertise on their respective coverage areas to understand balance and pricing trends, industry dynamics and competitor analysis.

Responsibilities:

• Balance sheet and NII forecasting, leveraging quantitative and qualitative models as well as SME inputs for baseline and stress scenarios, as well as ongoing management of the dynamic forecast
• Produce analytics and provide insights to highlight risks and opportunities related to the Global Markets balance sheet and NII forecasts
• Provide trended views and strategic inputs, connecting actual and forecasted balances across different legal entities as well as Global Markets LOBs and products
• Partner with BSM, Treasury and Finance teams to provide insights on balance sheet and NII expectations to support liquidity, capital, earnings, and interest rate analytics capabilities
• Work with Global Markets line of business, Global Funding teams and upstream data partners to help deliver strategic product offerings

Required Qualifications:

• 2+ years of experience within a financial institution with experience as a Balance Sheet or Financial Analyst
• Bachelor’s degree (quantitative finance, financial analysis, economics, or business administration preferred)
• Excellent analytical and complex problem resolution skills
• Balance Sheet product and Net Interest Income business acumen
• Understanding of financial market dynamics, interest rates, accounting, and financial products
• Proficient in MS Office tools, especially Microsoft Excel (v look ups, pivot tables)
• Inquisitive, willing to challenge the status quo and strive to improve processes
• Ability to meet strict timelines, ability to work with a high level of autonomy and make well-reasoned decisions
• Team oriented
• Strong communication/interpersonal skills

Desired Qualifications:

• Treasury Experience
• Technical Business Analyst skills (SQL, VBA, Tableau, Alteryx a plus)

Skills:

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

Shift:

Hours Per Week: