Job description

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 directing the day-to-day finance activities involving the Lines of Business (LOB) financial performance and includes management of the bank's month-end close and forecasting processes as well as strategic business partnering. Key responsibilities include overseeing the consolidation and analysis of forecast, profitability, and financial reporting, and supporting strategic business reviews. Job expectations include managing relationships, supporting management in key decision making, influencing and coordinating deliverables across teams. 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 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 GBAM's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people. Financial Planning & Analysis (FP&A) is responsible for centralized management reporting, including earnings reviews and forecasting, and supports financial reviews with our Executive Leaders in the Business and CFO Team / Overview The Global Markets Financial Planning & Analysis (FP&A) team within Global Banking and Markets (GBAM) FP&A is part of the GBAM Finance organization. Our primary focus is to provide Management Reporting to line of businesses, CFOs, Business Finance & Control (BFC) and senior management with oversight of our Equities businesses. Key priorities for our team include providing financial reporting to senior leaders, liaising with regional and business finance on month-end and quarter-end close, helping manage the forecasting and planning process, managing expense reviews with the businesses, and responding to ad hoc reporting requests. Responsibilities • Directs the team's the day-to-day activities and reviews related to the Lines of Business (LOB) financial performances, assisting with synthetizing key trends, assessing current and future business risks, and preparing, analyzing and reporting on financial results and key metrics • Manages forecasting and/or budgeting process from a LOB and consolidated perspective and compares current performance against plan, prior periods, and forecasts to evaluate current and future performance trajectory • 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 planning and forecasting process, financials, sound controls, and effective procedures • Exhibits strong attention to detail and applies analytical thinking, influence and collaboration with key stakeholders in the LOBs and across CFO to effectively handle competing priorities • Forecasting / Budgeting / Estimate process • Monthly / Quarterly reporting for Equities leadership team • Expense control, analysis and commentary • Revenue and business performance commentary • Investor Relations and Regulatory Reporting • Partner with business leadership team to develop more value-added performance metrics • Hierarchy Control & Maintenance • Process Improvement • Ad hoc request from BFCs, COOs, Corporate and Senior Management • Legal Entity footprint and analysis Required Qualifications: • BS/BA Finance/Accounting • 7-10+ years in related industry experience and strong financial reporting background • Strong written and oral communications skills with excellent attention to detail and ability to connect dots across a large organization • Self-starter, proactive with strong collaboration and teamwork abilities • Intellectual curiosity and willingness to effectively challenge the status quo • Proven success in leading and mentoring a team without direct reports Desired Qualifications: • Proficient with SAP/eLedger and advanced skills in MS Office applications • Analytical Abilities/Financial Acumen/Problem Solving Skills: • Analytical Thinking • Attention to Detail • Financial Accounting • Financial Processing • Business Analytics • Critical Thinking • Financial Forecasting • Reporting • Business Acumen • Influence • Prioritization • Problem Solving Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540) Pay and benefits information Pay range $120,000.00 - $176,500.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Requirements

Must-haves

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Financial Planning & Analysis (FP&A) is responsible for centralized management reporting, including earnings reviews and forecasting, and supports financial reviews with our Executive Leaders in the Business and CFO
Team / Overview
Manages forecasting and/or budgeting process from a LOB and consolidated perspective and compares current performance against plan, prior periods, and forecasts to evaluate current and future performance trajectory
Exhibits strong attention to detail and applies analytical thinking, influence and collaboration with key stakeholders in the LOBs and across CFO to effectively handle competing priorities
Forecasting / Budgeting / Estimate process
Monthly / Quarterly reporting for Equities leadership team
Expense control, analysis and commentary
Revenue and business performance commentary
Investor Relations and Regulatory Reporting
Partner with business leadership team to develop more value-added performance metrics
Hierarchy Control & Maintenance
Process Improvement
Ad hoc request from BFCs, COOs, Corporate and Senior Management
Legal Entity footprint and analysis
BS/BA Finance/Accounting
7-10+ years in related industry experience and strong financial reporting background
Strong written and oral communications skills with excellent attention to detail and ability to connect dots across a large organization
Self-starter, proactive with strong collaboration and teamwork abilities
Intellectual curiosity and willingness to effectively challenge the status quo
Proven success in leading and mentoring a team without direct reports
Analytical Thinking

Nice-to-haves

Proficient with SAP/eLedger and advanced skills in MS Office applications
Analytical Abilities/Financial Acumen/Problem Solving

Application prep

Use the role’s language and application details while tailoring your materials.

Platform: workday
Effort: long

Benefits

Benefits detected in the listing.

Vision

Paid Time Off

Wellness