Capital is the foundation upon which Bank of America runs its business, invests, takes risk and generates returns for shareholders. The Enterprise Capital Management (ECM) team was formed in 2011 to provide expertise in the management of the Company’s capital position. The group was created in response to the evolving regulatory environment including the implementation of the Basel III capital framework. In addition, ECM was formed to execute the annual Comprehensive Capital Analysis and Review (CCAR) stress tests administered by the Federal Reserve Bank (FRB) on the largest Bank Holding Companies
The Capital Calculations & Line of Business Capital Management team is part of the Enterprise Capital Management organization. The primary focus of our team is to calculate, analyze and communicate Regulatory and Economic Capital, including calculation of pro forma capital for any upcoming regulations (e.g., Fundamental Review of the Trading Book (FRTB)). Our business partners include the lines of business, Market Risk, Technology, Finance and Middle Office.
Key priorities for our team are monthly and quarterly calculation and reporting of risk-weighted assets (RWA) actuals, including variance commentary and various regulatory reports such as FFIEC 102, FFIEC 101, Pillar 3 etc. The team is also responsible for detailed analysis of our main peer banks leveraging public disclosures, preparing and distributing various internal reports to supplement monthly production, reviewing industry news and proposed or published changes to capital rules and regulations, interpreting regulatory requirements in the context of a business problem and forecasting Global Markets RWA and Supplementary Leverage Exposure (SLE) as well as the firm’s Global Systemically Important Bank (GSIB) capital surcharge as part of the quarterly stress tests and firm-wide capital planning routines. Success requires understanding of regulatory capital and accounting rules and the ability to formulate means by which answers may be derived from large sets of data.
The candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:
The team is composed of employees located mostly in New York, Charlotte and San Francisco.
Required Skills & Experience:
Desired Skills & Experience:
Shift:1st shift (United States of America)
Hours Per Week:40