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Activity Costing/Business Engagement Lead
Bank of America | New York, New York
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Job Description

Job Description:

Enterprise Cost Management (ECoM) designs and delivers an integrated approach (process, tools & information) through an activity based economic modeling capability that enables the bank's LOBs and support groups to take ownership of the end-to-end cost management. ECoM provides the transparency to enable the optimization of operational efficiency and responsible revenue generation.

ECoM focuses its efforts and is a strategic partner with various areas of the bank. At the direction of leadership, ECoM has partnered with divisions of Retail, Global Commercial Banking, Global Corporate & Investment Banking, and Global Markets.

ECoM sits within the COO office of the CFO Group. The team of approximately 55 is largely based in Charlotte, NC.


* Provides Business Level expertise for costing, business process & business requirements
* Provides business leadership on one or multiple Enterprise Cost Management (ECoM) projects
* Responsible for leading business level ABC-themed costing activities
* Provides assessment of current state, target state, and gap analysis
* Identification & engagement of LOB and Finance SME's
* Leads Business Level Cost Analysis including taxonomy development, activity capture & mapping
* Oversees the capture and documentation of cost drivers and accumulators for in scope LOB and Support groups

Enterprise Role Overview:

Responsible for directing the day-to-day finance activities for a business unit or associate area. Activities include strategic and annual planning and implementation, profitability analysis, forecasting and financial reporting. Manages partner relationships and associates. Considered a working manager. In addition to supervisory / administrative duties, individuals are actively involved in the execution of processes. Assists management in the development and implementation of policies and procedures.

Required Skills

* Undergraduate degree in Accounting or Finance (MBA preferred)
* 7+ years of professional/demonstrated work experience within financial services industry
* Proficient in Microsoft Office suite of products, with emphasis on strong Excel (macros, pivot tables, look-ups, and filtering) and PowerPoint skills
* Superior ability to communicate concepts and ideas both verbally and in written form
* Proven analytical and problem solving skills
* Proven ability to communicate, partner and influence across a matrix organization
* Previous management experience
* Highly organized, detail oriented, proactive, and ability to multitask
* Desires a dynamic team environment and ability to work well in team environment
* Able to influence and mentor financial professionals
* Comfortable interacting with Senior Management and Finance teams throughout the organization

Desired Skills

* An understanding of the issues relevant to Bank of America and Merrill Lynch, its world-wide businesses and the global financial services industry
* Maintains an up-to-date perspective and knowledge of the business
* Applies business knowledge to solve business problems and create new opportunities
* Previous project management/process experience

This position is posted as a Manager Finance Business Support but is flexible to be filled as a Senior Financial Analyst if the posted qualifications are met by a strong Senior Financial Analyst level applicant.

Posting Date: 05/22/2019

Location: New York, NY, 225 LIBERTY ST (NY3002), - United States

Travel: Yes, 5% of the time

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

About Bank of America

Bank of America Corporation is a bank holding company. Through its banking subsidiaries (the Banks) and various non-banking subsidiaries throughout the United States and in selected international markets, Bank of America provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking, and Global Wealth and Investment Management. The Company operates in 32 states, the District of Columbia and 30 foreign countries. In the United States, it serves 59 million consumer and small business relationships with 6,100 retail banking offices, 18,500 automated teller machines (ATMs) and 24 million active online users. It offers services in 13 states. In October 2007, it acquired ABN AMRO North America Holding Company. In July 2007, it acquired U.S. Trust Corporation. In July 2008, Bank of America acquired Countrywide Financial Corp.

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