Balance Sheet Management Treasury Finance - Senior BFC Product Associate

Employer
Bank of America Merrill Lynch
Location
Charlotte, USA
Salary
Competitive
Posted
Sep 10, 2021
Closes
Oct 10, 2021
Ref
12040596
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description:

Business Finance Control (BFC) role with a specialty in Capital Markets.

The Balance Sheet Management Treasury Finance (BSMTF) team is part of the Chief Financial Officer organization and performs the finance function for Corporate Treasury. The team provides financial analysis and support for the corporation's ALM portfolio which includes Debt Securities, Residential Mortgages, and various derivatives used to manage the company's interest rate risk. Additionally, the team provides finance support for other treasury activities including BOLI and hedging of non-qualified deferred compensation. This position will specifically focus on residential mortgage loans, various types of debt securities and tracking of performance of various hedging programs. Our business partners include the Chief Investment Officer (CIO) team, Capital, Consumer Finance, Enterprise Stress Testing and Accounting Policy.

Associate in this role will be responsible for the following:
  • Balance sheet and income statement forecasting (baseline, stress testing, and short-term estimate to actual tracking)
  • Monthly and quarterly analysis of portfolio trends, modeling results and market variables used in forecasting process
  • Ad-hoc analysis to support key strategic decisions and overall portfolio management
  • Create models and tools to support forecasting process
  • Drive process improvement initiatives to streamline reporting and forecasting process
  • Price testing and Volker reporting for debt securities
  • Evaluate and assist with implementation of accounting rule changes applicable to the ALM portfolio

Required Skills
  • This role will require direct communication with business partners and senior management. The ideal candidate should possess excellent communication skills and be comfortable presenting at various levels of the organization
  • Working knowledge of SQL and advanced Excel skills: team leverages data warehouses, requiring a working knowledge of SQL and works with large amounts of data in Excel. Ideal candidate is expected to use advanced Excel functions and create executive level summary reports
  • 2 years of financial support experience
  • 4 year degree in Finance or Accounting - or related experience
  • Data analysis and reporting experience

Desired Skills:
  • CFA or CPA preferred


Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

Business Finance Control (BFC) role with a specialty in Capital Markets.

The Balance Sheet Management Treasury Finance (BSMTF) team is part of the Chief Financial Officer organization and performs the finance function for Corporate Treasury. The team provides financial analysis and support for the corporation's ALM portfolio which includes Debt Securities, Residential Mortgages, and various derivatives used to manage the company's interest rate risk. Additionally, the team provides finance support for other treasury activities including BOLI and hedging of non-qualified deferred compensation. This position will specifically focus on residential mortgage loans, various types of debt securities and tracking of performance of various hedging programs. Our business partners include the Chief Investment Officer (CIO) team, Capital, Consumer Finance, Enterprise Stress Testing and Accounting Policy.

Associate in this role will be responsible for the following:
  • Balance sheet and income statement forecasting (baseline, stress testing, and short-term estimate to actual tracking)
  • Monthly and quarterly analysis of portfolio trends, modeling results and market variables used in forecasting process
  • Ad-hoc analysis to support key strategic decisions and overall portfolio management
  • Create models and tools to support forecasting process
  • Drive process improvement initiatives to streamline reporting and forecasting process
  • Price testing and Volker reporting for debt securities
  • Evaluate and assist with implementation of accounting rule changes applicable to the ALM portfolio

Required Skills
  • This role will require direct communication with business partners and senior management. The ideal candidate should possess excellent communication skills and be comfortable presenting at various levels of the organization
  • Working knowledge of SQL and advanced Excel skills: team leverages data warehouses, requiring a working knowledge of SQL and works with large amounts of data in Excel. Ideal candidate is expected to use advanced Excel functions and create executive level summary reports
  • 2 years of financial support experience
  • 4 year degree in Finance or Accounting - or related experience
  • Data analysis and reporting experience

Desired Skills:
  • CFA or CPA preferred


Job Band:
H5

Shift:
1st shift (United States of America)

Hours Per Week:
40

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:

Business Finance Control (BFC) role with a specialty in Capital Markets.

The Balance Sheet Management Treasury Finance (BSMTF) team is part of the Chief Financial Officer organization and performs the finance function for Corporate Treasury. The team provides financial analysis and support for the corporation's ALM portfolio which includes Debt Securities, Residential Mortgages, and various derivatives used to manage the company's interest rate risk. Additionally, the team provides finance support for other treasury activities including BOLI and hedging of non-qualified deferred compensation. This position will specifically focus on residential mortgage loans, various types of debt securities and tracking of performance of various hedging programs. Our business partners include the Chief Investment Officer (CIO) team, Capital, Consumer Finance, Enterprise Stress Testing and Accounting Policy.

Associate in this role will be responsible for the following:
  • Balance sheet and income statement forecasting (baseline, stress testing, and short-term estimate to actual tracking)
  • Monthly and quarterly analysis of portfolio trends, modeling results and market variables used in forecasting process
  • Ad-hoc analysis to support key strategic decisions and overall portfolio management
  • Create models and tools to support forecasting process
  • Drive process improvement initiatives to streamline reporting and forecasting process
  • Price testing and Volker reporting for debt securities
  • Evaluate and assist with implementation of accounting rule changes applicable to the ALM portfolio

Required Skills
  • This role will require direct communication with business partners and senior management. The ideal candidate should possess excellent communication skills and be comfortable presenting at various levels of the organization
  • Working knowledge of SQL and advanced Excel skills: team leverages data warehouses, requiring a working knowledge of SQL and works with large amounts of data in Excel. Ideal candidate is expected to use advanced Excel functions and create executive level summary reports
  • 2 years of financial support experience
  • 4 year degree in Finance or Accounting - or related experience
  • Data analysis and reporting experience

Desired Skills:
  • CFA or CPA preferred


Shift:
1st shift (United States of America)

Hours Per Week:
40

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