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Enterprise Capital Management - Senior Financial Analyst

Bank of America

Bank of America

IT, Accounting & Finance
London, UK · United States · Remote
Posted on Wednesday, June 5, 2024

Job Description:

Job Title: Enterprise Capital Management - Senior Financial Analyst

Location: London

Corporate Title: Vice President

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

ECM is a global team of more than 100 professionals responsible for the efficient and prudent management of the Corporation's as well as its subsidiaries' capital across the enterprise globally.

ECM implements the Board’s capital management strategy including issuance, redemption or repurchase of common stock and other capital instruments. ECM works closely with lines of business and guides them to manage the enterprise’s capital including design and implementation of capital allocation methodologies efficiently and proactively. ECM also recommends capital related financial resource limits to senior management. In addition, ECM produces and monitors regulatory and internal economic capital metrics including capital adequacy ratios, leverage exposure and risk-weighted assets and oversees the end-to-end capital measurement process across the enterprise.

Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings‎. ECM interfaces with banking regulators globally on all capital related matters.

Role Overview:

The candidate will join the Enterprise Capital Management International team with a focus on providing subject matter expertise on both externally driven prudential regulations and internal capital management initiatives, primarily for the BAC entities and branches Internationally. This is an exciting opportunity for an ambitious and skilled individual to join an established capital management team with an opportunity to thrive in a dynamic environment, requiring the ability to continuously learn and adapt, and develop proactive working relationships across all ranks and functions.

Responsibilities:

  • Provide technical leadership in the evolving regulatory landscape, to drive a common understanding of where and why proposed regulations will impact capital requirements, this will require a good understanding of the relevant capital regulations for international jurisdictions where BAC has branches or subsidiaries, with specific focus on future regulations

  • Have a good understanding of prudential credit and counterparty risk and capital numerator concepts

  • Review new and changing requirements and be able to summarise the changes to senior management, risk teams and the business

  • Be involved in writing/reviewing business requirement documents.

  • Carry out impact assessment on new or changing prudential capital requirements, new product review and non-standard transactions.

  • Provide prudential regulatory technical advice through verbal and written responses, this will include interpretations, policy advise and trade advice to the business

  • Partner closely with the business lines, risk and CFO teams to support enterprise capital management objectives and/or legal entity strategy

  • Lead capital management activities and drive initiatives which optimise capital ratios and international regulatory strategy

  • Review compliance of new regulatory initiatives and support the integration into BAU capital management activities and disclosures

  • Help drive out the evolving nature of the team’s remit, including the development and delivery of high-quality bespoke capital regulatory analysis

What we are looking for:

  • Require knowledge and practical application of European and UK prudential rules and upcoming regulatory changes and be able to understand international regulations

  • The ability to analyse complex prudential regulations and report and produce executive level summaries

  • Strong organisational skills, ability to prioritise & manage multiple tasks and manage complex regulatory projects

  • The need to escalate in a timely manner and ensure adequate resolution of issues

  • knowledge and understanding of practical application of market, credit, operational risk is preferred

  • Detail-oriented, proactive in every approach and the ability to work under pressure in a fast-paced environments

  • Ability to be flexible and adapt to changing environments and priorities

  • Adapting your behaviour to build relationships with a wide range of people at different levels

  • You will need to be highly persuasive to get the information at the right time and influence others to achieve the right outcome

  • Monitoring progress against objectives/deliverables and responding to unforeseen events

Benefits of working at Bank of America:

UK

  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

  • 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

  • Access to an Employee Assistance Program for confidential support and help for everyday matters

  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

  • Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.