Bank of America Interest Rate Analytics - Senior Asset Liability Analyst in Charlotte, North Carolina
Balance Sheet Management (BSM) is a division within the CFO group responsible for providing executive management with accurate and timely forecasts of the balance sheet and net interest income (NII). Another critical BSM function is the measurement and analysis of Interest Rate Risk (IRR) using various methods. 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, providing key input to critical processes and strategic decisions. These partnerships focus on the following: (1) balance sheet composition and interest rate risk strategy, (2) strategic planning for the company’s three-year outlook with Corporate Planning and Finance, (3) setting the right strategy to accurately measure the profitability of assets and liabilities to ensure efficient usage of the balance sheet, (4) stress testing the balance sheet under adverse economic scenarios with the Global Stress Testing team and, (5) producing the balance sheet and NII forecast in coordination with the Line of Business and Global Liquidity Management for the Global Resolution and Recovery Planning exercise.
The Interest Rate Analytics team within Balance Sheet Management
The team is responsible for measuring Interest Rate Risk in varying environments. Metrics include Economic, Accounting, and Regulatory parameters. Make rate positioning & risk recommendations after analyzing tradeoffs among competing metrics and constraints in a scenario driven environment. Scope of role is Enterprise level including $2 Trillion of Asset and $2 Trillion of Liabilities.
Present to Executive Management and Regulators. Produce analytics for Senior Leadership inclusive of scenario analysis.
Outputs are consumed by External Reporting, Investor Relations, Portfolio Management, & Enterprise Risk.
Business partner with multiple groups within Corporate Treasury including Finance, Capital, Forecasting, Corporate Investments, Quantitative Finance, & Corporate Funding.
Enterprise Role Overview
Oversee daily trend analysis on the balance sheet. Manage projects for executive management including, but not limited to forecasting, securitization, deposit pricing, and annual report disclosures. Works with a high level of autonomy and assists with training of junior staff.
Required Skills & Experience:
2-4 years of experience in data analytics with emphasis on design, testing, and implementation of calculations related to net interest income, cash flows, or risk analytics
Bachelor's Degree or equivalent experience inFinance, Business, Accounting, Quantitative, or Economics degree preferred
Finance/Accounting knowledge – experience in balance sheet management, forecasting, or other Corporate Treasury functions
Understanding of financial market dynamics, interest rates, accounting, and financial products
Ability to manage multiple priorities in a time sensitive environment
Ability to work across multiple teams in a collaborative environment
Proficient in MS Office tools, especially Microsoft Excel & SQL skills
Inquisitive, willing to challenge the status quo and strive to improve processes
Ability to work with a high level of autonomy and make well-reasoned decisions
Desired Skills and Experience:
- Fixed Income and Derivative knowledge a plus, as well as CFA/MBA
Posting Date : 07/05/2018
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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