Mgr - Finance Business Support
New York, New York
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 serving as a finance partner to specified Lines of Business (LOBs) and directing the day-to-day finance activities to manage strategic annual planning and implementation. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and overseeing value creation ideas and new investment business cases. Job expectations include supporting management in key decision making, and influencing and gaining support from financial analysts.
Responsibilities:
Oversees the financial analysis and reporting needed to provide Line of Business (LOB) and finance leadership with trends and comparisons on all financial matters, focusing on maximizing revenue growth, cost management, profitability, cash flow generation, and operational improvement
Reviews LOBs financial performances and provides strategic direction to teams by assisting with synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
Manages forecasting and/or budgeting and compares current performance against plan, prior periods, and forecasts to evaluate current and future performance trajectory
Delegates and provides oversight to teams building financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
Implements new and ongoing projects and strategic initiatives by helping to create new processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities
Builds, maintains, and manages partner relationships across the Finance division and implements policies and procedures that ensure integrity of the financials, sound controls, and effective procedures
Skills:
Business Process Analysis
Collaboration
Data Quality Management
Financial Analysis
Financial Management
Analytical Thinking
Critical Thinking
Data Visualization
Decision Making
Prioritization
Business Acumen
Business Case Analysis
Financial Forecasting and Modeling
Project Management
Reporting
Additional Job Description:
The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax.
Global Expense Management (GEM)/ Global Banking and Markets Finance strives to be a valued business partner to the company's trading, corporate and institutional banking businesses. Our first priority is to operate a series of key control processes to ensure the integrity of Bank of America's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people.
Team Overview - Our FP&A team's primary focus within GEM is to provide a broad array of Management Reporting including strategic guidance and insight to our Front office Partners, Coo's, Senior Management, CFO's, Corporate in addition to liaising with our Business Finance & Control, and regional FP&A LOB teams. This Globally challenging role covers both Segments and places emphasis on expense management analytics and management reporting routines.
Our team provides opportunities to create new processes and innovate on best practices to support expense management (drive change and challenge status quo). We continuously look for opportunities to apply emerging technology to drive efficiencies and reduce risk in manual reporting processes.
The Senior Financial Analyst - Finance Business Support role is a key position within the Global Expense Management (GEM) team, supporting the Global Banking and Markets (GBAM) business segment. The role requires working closely with front office business partners, senior management, and CFO teams to manage and control a complex expense base of over $27 billion, in addition to managing allocations of $11 billion. The ideal candidate will thrive in a high-demand, fast-paced environment, and be eager to roll up their sleeves and deliver results.
The ideal candidate is a driven individual seeking to build deep financial expertise while gaining significant exposure to the business and leadership. Candidates should have a strong foundation in financial reporting, expense management, and possess the ability to work with complex financial data across multiple geographies and business lines.
Key Responsibilities:
Financial Reporting & Expense Management
Oversee weekly estimates, monthly close, and management reporting.
Ensure accuracy and relevance of financial reporting, including variance analyses that explain fluctuations in key business drivers.
Prepare management presentations for senior leaders, including Investor Relations, quarterly earnings results, and Board of Director presentations.
Engage directly with CFO teams to ensure consistency in reporting and alignment with business goals.
Collaboration & Cross-Functional Partnership:
Work closely with multiple CFOs and business partners, particularly in Global Banking and Global Markets, to provide strategic financial insights and recommendations.
Serve as the primary liaison between business units and finance, ensuring alignment on financial processes, reporting, and decision-making.
Engage with front office teams globally to ensure expense management initiatives are executed consistently across regions.
Process Improvement & Strategic Initiatives:
Identify opportunities for process automation and drive initiatives to improve reporting efficiency and reduce manual reporting risks.
Lead efforts to innovate and streamline financial processes, leveraging technology and best practices to enhance transparency and control over expenses.
Ensure compliance with internal controls and governance processes related to financial reporting.
Team Integration & Leadership:
Play an active role in integrating with the close-knit GEM team, working collaboratively across eight onshore and six offshore team members.
Provide mentorship to junior team members and help foster an environment of continuous improvement and shared success.
Ensure team members are aligned with business priorities and participate fully in early morning meetings to collaborate with global stakeholders.
Required Qualifications:
Bachelor's degree in Finance, Accounting, or related field.
5+ years of relevant financial reporting and analysis experience, with a focus on expense management.
Experience in banking, financial services, or fast-paced corporate environments.
Proficiency in Microsoft Excel is critical; candidates must demonstrate advanced Excel skills (e.g., pivot tables, formulas, financial modeling).
Strong understanding of financial reporting principles and experience in process automation or improvements.
Self-starter mentality: Candidates must be eager to take initiative and proactively dive into tasks.
Strong communication skills, with the ability to present complex financial data to senior leadership and cross-functional teams.
Demonstrate reliability, teamwork, and a strong commitment to the team's goals.
Ability to work in a high-pressure environment, with flexibility to accommodate the early morning start times (8 AM start) to align with global team interactions.
Desired Qualifications:
Familiarity with financial reporting tools such as SAP, Tableau, Alteryx, or other relevant platforms.
Shift:
1st shift (United States of America)
Hours Per Week:
40
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, 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.
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