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!
Position Summary:
GFT is seeking a highly talented resource to oversee the day-to-day financial & operational needs of the organization.
This will include:
Management of monthly/quarterly financial & reporting processes to ensure delivery of LOB and Enterprise priorities; governing portfolio budget of ~$200m across initiative & base
Support the business’s Annual Initiative Planning process & advise on technology exit/entry rates
Partner with Business Support Team on monthly processes for resource/financial management and other related staff support deliverables.
Serve as deputy chief of staff for the team
Job Description Summary:
This job is responsible for planning and coordinating the execution of large program deliverables which requires engagement across multiple organizations. Key responsibilities include communicating target outcomes, coordinating delivery, resource planning, providing visibility of program health, and managing program risks, compliance and financials. Job expectations include ensuring delivery meets the client’s expectations in terms of the target outcomes, timeline, and cost and facilitating sync points between business and technology leaders and Risk and Compliance partners.
Job Responsibilities:
Manages program financials and supports resource planning.
Execution of monthly control routines supporting initiative financial management & reporting.
Drive creation of complex financial models and analytical tools to measure overall financial performance.
Gather and consolidate project financial forecast data from enterprise SORs. (TPAS and PMMT)
Set up budget, Guardrails, and Alerts to ensure detective and preventive measures are taken to stay within budget.
Review actuals & variances from previous month and make necessary adjustments to upcoming forecast.
Oversee Portfolio Direct Expenses, CAFA, and fixed expenses.
Establishes best practices across tech estimation and forecasting.
Meet with Business Support Management Team & Tech Exec to validate the following:
Resources properly included and aligned for the forecast prior to BD6 PMMT close; ensuring TPAS and PMMT is synched, and any outliers communicated (specifically Service provider updates)
Discuss and strategize on manager hiring plans; exist/entry rates, and annualized forecast.
Perform cost benefits analysis, Demand vs Usage vs Cost vs Budget.
Assists with Business Operations including but not limited to:
Own and deliver on ad-hoc business support projects
Organizational Planning & Mgmt. (Base, risks, org health, etc.)
Executive Reporting & Communications, All Hands Calls & Newsletters
Employee Engagement & Satisfaction
Operational Excellence
Broadens relationships with business and technology leaders across multiple organizations, as well as Compliance and Risk.
Establishes target outcomes in partnership with stakeholders and leaders.
Collaborates with sponsors and stakeholders to ensure that execution is aligned with deliverable requirements.
Leads and coordinates routines to support delivery of large programs, such as kick-offs, status reviews, stakeholder meetings, change controls, and tollgates.
Required Qualifications:
At least 7-10 years of financial management experience
Strong excel skills
Ability to analyze and manipulate large quantities of data with great attention to detail as well as understand the flow of data within database applications
Excellent interpersonal, time management, problem solving and organizational skills with attention to detail
Highly organized with ability to manage deliverables on multiple tasks and priorities simultaneously
Demonstrated ability to operate in a fast paced environment with multiple concurrent priorities
Prior experience at Bank of America; deep understanding of the BAC monthly/quarterly financial close process
Experience using/managing BAC financial systems of record (TPAS/PMMT/PCM)
Skills:
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NJ - Jersey City - 101 Hudson St - 101 Hudson (NJ2101)Pay and benefits informationPay range$115,000.00 - $190,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
