Senior Finance Analyst - Planning & Analysis
Charlotte, North Carolina;Pennington, New Jersey
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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 more complex financial activities involving the consolidation of the bank's month-end close, planning, forecasting and capital processes. Key responsibilities include performing forecasting, profitability analysis, financial reporting, and trend analysis using advanced modeling /software skills and assisting with ad hoc requests. Job expectations include working with key planning and analysis partners on small projects, research, and evaluations of financial performance while maintaining Operational Excellence and a controls discipline.
Additional Information:
This role leads the consolidation and governance of the Consumer Baseline Forecast, including financials, key metrics, and executive reporting, while partnering closely with Consumer LOB finance teams, Corporate Planning, and senior leadership. It analyzes and communicates key drivers, risks, and variances, ensures strong controls and documentation, and represents Consumer results in materials for the CFO and CEO. The position also supports stress testing and resolution planning, drives process improvements and automation, and provides day-to-day leadership and mentorship to supporting team members.
Responsibilities:
Reviews, challenges, and reports on forecasts and budgets by comparing current performance against plan, prior periods and prior forecasts, and evaluating current and future performance trajectory
Compiles financial information from a Line of Business (LOB) and consolidated perspective for presentation to stakeholders
Develops financial management dashboards, reports, presentations, ad hoc analysis, and research using Microsoft Office Suite and Emerging Technology tools
Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures with limited oversight
Supports 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
Exhibits strong attention to detail and applies analytical thinking and problem solving to deliverables while collaborating with key stakeholders and partners
Additional Responsibilities:
Forecasting & Executive Reporting
Lead consolidation of the Consumer Baseline Forecast, including balances, P&L, and key performance metrics.
Partner with Consumer LOB Finance, Regional Banking leaders, and Corporate Planning to develop clear forecast summaries, dashboards, and executive-level materials for senior leadership, including the CFO and CEO.
Analyze and clearly articulate key forecast drivers, risks, and variances versus prior forecasts, plan, YoY, and QoQ results.
Serve as Delegate to the Forecast Process Lead, owning consolidation deliverables, timelines, and process execution.
Maintain strong governance and controls across the forecast consolidation process, including Desktop Procedures, SAFER, POP updates, and ORCIT key measures reporting.
Respond to ad hoc analytical requests related to the consolidated Consumer forecast and senior management reviews.
Provide day-to-day leadership and mentorship to FMAP and seasonal interns supporting the Consumer Forecast Consolidation process.
Stress Testing & Resolution Planning (EST / GRRP)
Partner with CFO, LOB Finance, and Enterprise Scenario Planning & Execution (ESPE) teams to perform and consolidate Consumer stress testing and Global Resolution & Recovery Planning (GRRP).
Review, analyze, and report consolidated stress forecast results in accordance with ESPE guidance.
Prepare, analyze, and report GRRP contingency options per regulatory and ESPE requirements.
Act as Delegate for the stress testing Single Process Inventory (SPI).
Work closely with the EST/GRRP process lead and senior manager to identify and implement process improvements across stress testing and resolution planning activities.
Required Qualifications:
2+ years of professional / demonstrated work experience within financial services industry
General Ledger / EPM / Essbase Proficiency
Advanced Excel skills
Highly organized and proactive
Strong communication skills - able to communicate concepts both verbally and in writing
Detail-oriented with a control mindset and strong critical thinking skills
Proven ability working independently in a fast-paced, results-driven environment with evolving priorities
Excellent time management skills with the ability to meet critical deadlines
Demonstrated ability to work cohesively within a team-oriented environment
Demonstrated self-motivation with a consistent track record of high performance
Desired Qualifications:
Bachelor's degree in Finance or Accounting
Desire to learn and leverage emerging technologies (AI/CoPilot, Tableau, Alteryx, Workiva, Picklinks, Power Query, Power Pivot)
Knowledge of the Consumer business and associated corporate functions
Deep understanding of corporate finance calendar and deliverables
Strong presentation skills and ability to influence stakeholders
Skills:
Analytical Thinking
Attention to Detail
Financial Accounting
Financial Processing
Consulting
Critical Thinking
Financial Forecasting and Modeling
Reporting
Scenario Planning and Analysis
Business Acumen
Business Analytics
Influence
Prioritization
Problem Solving
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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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.
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
