Balance Sheet Management Treasury Finance (BSMTF) is a division within the CFO Group responsible for performing the finance function for Corporate Treasury and providing executive management with accurate and timely analysis of the balance sheet, net interest income (NII), and non-interest income across Actuals and Forecast. Information generated by this team provides the framework which allows the company to position its balance sheet consistent with its risk appetite and expectations for changes in interest rates. BSMTF maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. Coordination with Global Risk, Model Risk, Funding Managers, and other Treasury teams facilitates strategic ALM decisions within a controlled framework.
This position will oversee Treasury's extensive ASC 815 hedge accounting processes including all operational, governance and policy issues. The Hedge Accounting/Operations Manager will be able to navigate a matrix organization to indirectly lead the 5-7 associates responsible for executing Bank of America's multiple hedge programs (fair value long-term debt, fair value debt securities, various cash flow hedge programs, and net investment hedge). The Hedge Accounting/Operations Manage will be able to combine deep product knowledge with a strong understanding of ASC 815 in order to develop new hedge programs providing Treasury's risk managers the tools they need to efficiently manage Bank of America's Interest Rate, Capital, Liquidity and FX risks.
7 years experience working in Financial Services
Experience managing complex operational processes
Expertise with interest rate and FX derivatives valuations
CPA, CFA or similar
Expertise with ASC 815
This role may be filled as a BFC P&L Lead or a Senior BFC P&L Associate based on skills and experience.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.