Finance Manager - Capital Management

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 an 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.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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 contributing to the efficient and effective management of the bank's capital to maintain capital adequacy needed for supporting responsible growth and return to shareholders. Key responsibilities include partnering with Lines of Business (LOBs), Global Technology, Chief Finance Officer, Group Data Management, Treasury Policy and Advocacy, Global Risk Analytics (GRA), Centralized Regulatory Reporting (CRR), and Investor Relations. Job expectations include applying expertise in capital regulations, reporting, and analysis to support the bank's capital initiatives.

Enterprise Capital Management (ECM) is a global team of more than 100 professionals responsible for the efficient and prudent management of the Corporation's as well as its subsidiaries' capital across the enterprise globally. ECM implements the Board’s capital management strategy including issuance, redemption or repurchase of common stock and other capital instruments. ECM works closely with lines of business and guides them to efficiently and proactively manage the enterprise's capital including design and implementation of capital allocation methodologies. ECM also recommends capital related financial resource limits to senior management. In addition, ECM produces and monitors regulatory and internal economic capital metrics including capital adequacy ratios, leverage exposure and risk-weighted assets and oversees the end to end capital measurement process across the enterprise. Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings‎. ECM interfaces with banking regulators globally on all capital related matters.

This role resides within Global Markets Capital management team (a subset of Enterprise Capital Management).  Candidate will focus on driving complex calculations and reporting of capital for Global Markets transactions, including consideration of any new regulations.

Line of Business Responsibilities:

• Serve as the subject matter expert on risk-weighted assets for these business
• Solid knowledge of current Basel capital rules, including counterparty credit risk calculations, CVA and market risk rules
• Solid knowledge of new Basel capital rules, including SACCR and FRTB
• Identify and drive execution of RWA optimization opportunities (both advanced and standardized); evaluation and monitoring GSIB capital surcharge
• Collaborate with business partners including line of business, risk, legal and finance and data/calculations teams to ensure appropriate RWA calculations and represent capital on cross-functional initiatives
• Provide detailed / technical analysis of the impact of new or changing regulations and develop options for potential advocacy, including QIS work
• Build relationships with partners and ensure appropriate level of capital knowledge

Responsibilities:

• Produces and monitors regulatory and internal capital metrics including capital adequacy ratios, leverage exposure, total loss-absorbing capacity (TLAC), and risk-weighted assets (RWA)
•  Oversees capital measurement and model implementation for RWA calculations, baseline, and stress forecasts and works with Global Risk Analytics (GRA) and Technology and Data Management to propose, design, and test enhancements on the capital and model implementation process
• Provides key metrics and data to Centralized Regulatory Reporting (CRR) and Investor Relations for external regulatory filings, releases, and disclosures, including Federal Financial Institutions Examination Council (FFIEC) 101/102, HC-R, Pillar 3, 10-Q/K, and Y-14A
• Partners with Lines of Business (LOBs) to integrate capital considerations into the LOBs' strategic plans to advise and execute on RWA optimization strategies
• Develops Capital Plans, Internal Capital Adequacy Assessment Processes (ICAAPs), Resolution Plans, and Recovery Plans, creates capital content, and monitors ongoing capital adequacy
• Serves as a subject matter expert on regulatory requirements and calculations for capital and/or RWA including exposure areas, such as Market Risk, Counterparty Credit Risk, Retail, Securitization, and Securities
• Maintains capital management processes and controls and addresses inquiries from Risk, Corporate Audit, and external auditors

Required Qualifications:

• 8+ years of experience with financial markets products and businesses
• Technical background, including Engineering or Technical Sciences
• Proficiency in SQL
• Experience working with large databases, and identifying and correcting data problems
• Solid analysis, communication, organization, and presentation skills

Desired Qualifications:

• Experience in Capital Management, or Credit or Market Risk Management
• Proficiency in Python and Excel VBA
• Knowledge of derivative products and risk management
• Project management experience

Skills:

• Analytical Thinking
• Data and Trend Analysis
• Financial Forecasting and Modeling
• Regulatory Compliance
• Scenario Planning and Analysis
• Business Acumen
• Interpret Relevant Laws, Rules, and Regulations
• Policies, Procedures, and Guidelines
• Reporting
• Risk Management

Shift:

Hours Per Week: 

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