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Consumer & Small Business Deposit Balances and NII Finance

at Bank of America in Newark, Delaware, United States

Job Description

Consumer & Small Business Deposit Balances and NII Finance

Charlotte, North Carolina;Newark, Delaware

Job Description:

The Deposits Finance Horizontal team is a subset of the broader Consumer & GWIM CFO organization and is responsible for the support of strategic analysis, forecasting and financial reporting related to Deposit products and associated fees. The team delivers comprehensive financial support to the Checking/Savings Accounts, Balances/NII, Service Charges, and Debit Card/Payments BFO and LOB teams. Team responsibilities include analyzing strategic business decisions, financial performance and forecasting of multiple products, creating higher level consolidated reporting, presenting to multiple levels of business and finance audiences, etc.

The teammate in this role will be a part of the team responsible for more complex finance activities involving forecasting and financial reporting for the $900B+ Consumer & Small Business Deposit Balance portfolio and associated Net Interest Income. This role will involve partnering with the Deposit business team, Balance Sheet Management, Corporate Treasury (FTP) and other Finance teams, as it is a critical source of funding for the firm. Will involve an understanding of deposit interest rates and the relation to various market rates (Fed Funds, LIBOR, Money Funds) as well as understanding how Corporate Treasury values the deposit portfolio through the FTP process. Throughout the tenure of this role, the teammate will gain exposure within the Deposits and Consumer & GWIM Finance and LOB organizations while improving/developing the following skills: financial and business acumen, attention to detail, analytical and strategic thinking, planning and forecasting, financial modeling, communication and relationship management.

Required Skills & Experience

+ Bachelor’s Degree (preferably in Finance or Accounting)

+ 4+ years of accounting or financial analysis work experience

+ Well organized and strong attention to detail

+ Demonstrates strong technical and analytical skills

+ Strong communicator (verbal and written) with ability to influence

+ Advanced knowledge of Excel and PowerPoint

+ Approaches work with curiosity and interest to drive continuous process improvement

+ Adaptable, ability to work independently in a fast paced, results driven environment with changing priorities

+ Seeks to build relationships and collaborate with teammates

+ Strategic thinker with the ability to understand complex business challenges/potential solutions

+ Manages operational risk by building strong processes and quality control routines

Desired Skills & Experience

+ Essbase (Smartview) and general ledger familiarity

+ Planning and forecasting experience

+ Financial modeling

+ Emerging technologies (Tableau, Alteryx, Workiva, etc)

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Deposits Finance Horizontal team is a subset of the broader Consumer & GWIM CFO organization and is responsible for the support of strategic analysis, forecasting and financial reporting related to Deposit products and associated fees. The team delivers comprehensive financial support to the Checking/Savings Accounts, Balances/NII, Service Charges, and Debit Card/Payments BFO and LOB teams. Team responsibilities include analyzing strategic business decisions, financial performance and forecasting of multiple products, creating higher level consolidated reporting, presenting to multiple levels of business and finance audiences, etc.

The teammate in this role will be a part of the team responsible for more complex finance activities involving forecasting and financial reporting for the $900B+ Consumer & Small Business Deposit Balance portfolio and associated Net Interest Income. This role will involve partnering with the Deposit business team, Balance Sheet Management, Corporate Treasury (FTP) and other Finance teams, as it is a critical source of funding for the firm. Will involve an understanding of deposit interest rates and the relation to various market rates (Fed Funds, LIBOR, Money Funds) as well as understanding how Corporate Treasury values the deposit portfolio through the FTP process. Throughout the tenure of this role, the teammate will gain exposure within the Deposits and Consumer & GWIM Finance and LOB organizations while improving/developing the following skills: financial and business acumen, attention to detail, analytical and strategic thinking, planning and forecasting, financial modeling, communication and relationship management.

Required Skills & Experience

+ Bachelor’s Degree (preferably in Finance or Accounting)

+ 4+ years of accounting or financial analysis work experience

+ Well organized and strong attention to detail

+ Demonstrates strong technical and analytical skills

+ Strong communicator (verbal and written) with ability to influence

+ Advanced knowledge of Excel and PowerPoint

+ Approaches work with curiosity and interest to drive continuous process improvement

+ Adaptable, ability to work independently in a fast paced, results driven environment with changing priorities

+ Seeks to build relationships and collaborate with teammates

+ Strategic thinker with the ability to understand complex business challenges/potential solutions

+ Manages operational risk by building strong processes and quality control routines

Desired Skills & Experience

+ Essbase (Smartview) and general ledger familiarity

+ Planning and forecasting experience

+ Financial modeling

+ Emerging technologies (Tableau, Alteryx, Workiva, etc)

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-21053696

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Lindsay Nicholson

Referral Bonus:

0

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the “EEO is the Law” poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the “EEO is the Law” Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\EEO\Supplement\Final\JRF\QA\508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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Job Posting: JC193006373

Posted On: Sep 23, 2021

Updated On: Oct 07, 2021