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Bank of America

Runs a US consumer bank, brokerage and investment bank

Finance Manager - Business Support

Full-Time
No salary listed
Expert
Bachelor's
Charlotte, NC, USA
In PersonIn-office work is expected.
Finance & BankingCorporate Finance & FP&A

About the job

Requirements
  • The candidate must have 10+ years of finance experience.
  • The candidate must have prior experience working with and influencing executive-level partners.
  • The candidate must have prior experience developing forecasts and budgets.
  • The candidate must have strong communication and relationship-building skills.
  • The candidate must have strong analytical and financial acumen.
Responsibilities
  • Serve as a finance partner to specified lines of business and direct day-to-day finance activities for strategic annual planning and implementation.
  • Perform forecasting, profitability analysis, expense efficiency analysis, pricing analysis, financial reporting, vendor contract analysis, and evaluation of value-creation ideas and new investment business cases.
  • Support management in key decision-making and influence and gain support from financial analysts.
  • Coordinate peer groups within Global Information Security, guide and advise business partners on financial matters, and partner with Expense Horizontal.
  • Oversee the financial analysis and reporting needed to provide line-of-business and finance leadership with trends and comparisons on financial matters, focusing on revenue growth, cost management, profitability, cash flow generation, and operational improvement.
  • Review line-of-business financial performance, synthesize key trends, assess current and future business risks, and prepare, analyze, and report financial results and key metrics.
  • Manage forecasting and budgeting and compare current performance against plans, prior periods, and forecasts to evaluate current and future performance trajectory.
  • Delegate and provide oversight to teams building financial management reports, presentations, and ad hoc analyses for lines of business and finance partners.
  • Implement projects and strategic initiatives by helping create processes that automate reporting capabilities and deliver process improvements and simplifications.
  • Build, maintain, and manage partner relationships across the Finance division.
  • Implement policies and procedures that ensure financial integrity, sound controls, and effective procedures.
  • Execute finance processes independently while maintaining accuracy and attention to detail.
Desired Qualifications
  • A Bachelor of Arts or Bachelor of Science degree.
  • Technology or operations finance experience.
  • Understanding of the technology initiative process and allocation process.
  • Prior experience managing or leading a team.
  • Strong problem-solving and analytical abilities, including Excel and Essbase.
  • Experience with Hyperion and SAP/Eledger.

About the company

Bank of America runs one of the largest US banks, serving consumers, small businesses, wealthy families, corporations and institutional investors. Alongside checking accounts, credit cards, mortgages and business loans, it owns the Merrill brokerage, a private bank for wealthy clients and a global investment bank that advises on deals and trades stocks and bonds. Customers reach it through thousands of branches and ATMs and its mobile banking app. It earns money mainly from the gap between what it charges on loans and pays on deposits, plus fees from advice, asset management, deal work and trading. It grew from a San Francisco bank founded in 1904 and is headquartered in Charlotte, North Carolina.

Company Size

10,001+

Company Stage

IPO

Headquarters

Charlotte, North Carolina

Founded

1904

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Simplify's Take

What believers are saying

  • Profits are climbing: net income rose 27% to $9.1 billion in the June 2026 quarter on trading and dealmaking.
  • Tech careers have budget behind them: $4 billion of Bank of America's $13 billion yearly tech spend funds new initiatives.
  • Cheap funding cushions profits: $530 billion of its $2.03 trillion in deposits paid no interest at June 2026.

What critics are saying

  • Falling rates pinch lending profit: lower rates partly offset its 9% rise in interest income in the June 2026 quarter.
  • AI is reshaping jobs: over 200,000 employees use AI tools, sending 400,000-plus prompts daily as of July 2026.
  • Succession remains open: CEO Brian Moynihan plans to stay through decade's end after a December 2025 executive shake-up.

What makes Bank of America unique

  • Small firms bank here: it serves 4 million small businesses and calls itself the top US small business lender.
  • Wealth management is a second engine: Merrill, its brokerage, and the Private Bank oversee about $4.9 trillion in client balances.
  • Customers use its chatbot at scale: virtual assistant Erica has logged over 3 billion client interactions since 2018.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Flexible Work Hours

Remote Work Options

Professional Development Budget

Conference Attendance Budget

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Yahoo Finance
Oct 15th, 2026
BofA survey: ChatGPT tops Google Search as top pick for next-year ad budget growth, 26% to 19%

A Bank of America (BofA) survey of 117 advertisers and agencies suggests ChatGPT is starting to compete with Google for future ad budgets. In the poll, 26% named ChatGPT as the platform likely to gain the most ad spending over the next 12 months, ahead of Google Search at 19% and YouTube at 11%. Google still leads on current spending. Search was picked by 30% as the platform with the biggest rise in spend, and 33% said it was where AI was lifting ad returns fastest. Alphabet's Google Search and other revenue rose 17% to $63.27 billion in the second quarter. OpenAI said ChatGPT Ads passed $1 billion in annualised revenue run rate less than 200 days after launch. In the survey, 28% of respondents already advertise on ChatGPT, and 43% plan to start within 12 months.

CNBC
Oct 14th, 2026
Bank of America hires 1,000 contractors to patch software flaws exposed by Anthropic's Mythos

Bank of America has hired 1,000 contractors to help patch software flaws exposed by advanced AI models, including Anthropic's Mythos, chief executive officer Brian Moynihan told CNBC on Wednesday. The contractors work alongside 3,000 internal staff and have been in place since the second quarter. The bank spent a "couple hundred million plus" in the third quarter on software fixes and anti-money laundering compliance. Moynihan expects remediation costs to fall over time. "Once you patch, you don't have to patch as much," he said. Shares slumped as much as 8% on Wednesday. AI is also cutting costs. Savings from the bank's 130 internal AI projects are expected to rise from $300 million this year to $700 million in 2027.

Yahoo Finance
Oct 14th, 2026
Bank of America loses senior banker Amy Lissauer to JPMorgan as exits mount

Bank of America is losing another senior banker. Amy Lissauer, one of its most senior female executives, is leaving for JPMorgan Chase, Reuters reported, citing people familiar with the matter. Chief executive officer Brian Moynihan and Faiz Ahmad, co-head of global investment banking, tried to keep her. A source said BofA could not match JPMorgan's pay package. Co-head of global investment banking Mike Joo and tech banker Ed Liu left in early August. Tech dealmaker Kevin Brunner and M&A co-head David Fishman are also joining JPMorgan. The business remains strong. Second-quarter investment banking fees rose 50% to more than $2.1 billion, and total revenue rose 15% to $31.6 billion.

Yahoo Finance
Oct 14th, 2026
Bank of America misses Q3 revenue estimates with $29.96B, as EPS falls 17.6% short

Bank of America missed Wall Street's third-quarter 2026 revenue forecasts. Revenue rose 2.6% year on year to $29.96 billion, short of analyst estimates of $30.56 billion. Earnings per share (EPS) under generally accepted accounting principles were $0.91, 17.6% below the $1.10 analysts expected. The efficiency ratio was 65.8%, against an estimate of 61.1%. Net interest income grew 8% to $16.45 billion, in line with the $16.52 billion forecast. Net interest margin was 2.2%, ahead of the 2.1% estimate. Tangible book value per share rose 2.1% to $29.14, below the $29.62 estimate. The bank's market capitalisation stands at $377.3 billion.

Yahoo Finance
Oct 14th, 2026
Bank of America Q3 profit falls 17% to $6.93B after $1.2B penalty and weaker trading

Bank of America's third-quarter profit fell 17% from a year earlier to $6.93 billion, or $0.91 per share, missing analyst expectations of $1.10. A $1.2 billion fine from US regulators over failures in its anti-money laundering safeguards weighed on results. Its shares fell more than 3% in premarket trading. Excluding the penalty, the bank earned $8.1 billion, or $1.08 per share. Revenue rose 3% to $30 billion. Net interest income rose 8% to $16.4 billion on higher loan and deposit balances. Investment banking fees fell 11% to $1.8 billion, and fixed income trading revenue fell 17% to $2.6 billion. Equities trading revenue rose 11% to $2.5 billion. Chief executive officer Brian Moynihan said commercial lending grew in every client segment.