Asset Liability Manager
Company: Disability Solutions
Location: Charlotte
Posted on: February 1, 2025
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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. 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!Job Description:Manages a team of associates
responsible for strategy implementation utilizing discretionary
assets, liabilities, and balance sheet instruments to balance the
risks and stabilize returns. Sets priorities and monitors progress
of the department. Seasoned Asset Liability professional, familiar
with all aspects of the Balance Sheet Measurement process.About the
Role:Balance Sheet Management (BSM) is a division within the CFO
group responsible for providing executive management with accurate
and timely forecasts of the balance sheet and net interest income
(NII). Another critical BSM function is the measurement and
analysis of Interest Rate Risk (IRR) using various methods. This
information provides the framework that allows the company to
position its balance sheet consistent with its risk appetite and
expectations for changes in interest rates.BSM maintains close
partnerships with various groups across the enterprise, providing
key input to critical processes and strategic decisions. These
partnerships focus on the following: (1) balance sheet composition
and interest rate risk strategy, (2) strategic planning for the
company's three-year outlook with Corporate Planning and Finance,
(3) setting the right strategy to accurately measure the
profitability of assets and liabilities to ensure efficient usage
of the balance sheet, (4) stress testing the balance sheet under
adverse economic scenarios with the Global Stress Testing team and,
(5) producing the balance sheet and NII forecast in coordination
with the Line of Business and Global Liquidity Management for the
Global Resolution and Recovery Planning exercise.The LOB Forecast &
Product Analytics team within BSM focuses on analyzing data,
reviewing LOB balance and net interest income (NII) forecasts, and
producing an empirically based independent forecast for the balance
sheet and NII. This position will lead the Consumer Loans
Forecasting team supporting the $0.5T Consumer loan portfolios,
including Credit Card, Home Equity, Auto Loans, Securities Based
Lending, Residential Mortgages and Other Consumer Loans.Key
Responsibilities
Keywords: Disability Solutions, Burlington , Asset Liability Manager, Executive , Charlotte, North Carolina
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