Finance Management Summer Analyst

August 13, 2024

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Job Description

About Bank of America:

Bank of America is a leading global financial institution that provides a diverse range of banking and non-banking financial services and products domestically and internationally in more than 35 countries. They are committed to being a Great Place to Work, recognizing that talented, engaged, and satisfied employees are crucial for supporting the financial lives of their customers and clients.

Finance Management Summer Analyst Program (FMAP) 2025:

This 10-week internship program provides a comprehensive introduction to Bank of America’s Chief Financial Officer (CFO) Group. The CFO Group is responsible for the overall financial management of the company, covering areas such as:

• Financial and regulatory reporting
• Balance sheet management
• Financial planning and analysis
• Treasury
• Investor relations
• Corporate investments
• Tax

The FMAP internship focuses on financial and management accounting, corporate finance, strategic finance, and internal treasury functions. It offers opportunities for:

Technical skill development: Building upon your academic foundation with practical experience.
Industry knowledge acquisition: Gaining familiarity with the corporate environment and specific industry knowledge.
Career exploration: Identifying career paths that align with your interests and background.

Training and development are a top priority:

Formal training: Extensive sessions on Mechanics of a Bank, Data Literacy, Executive Ready Presentations, and more.
Mentorship program: Dedicated support and guidance from experienced professionals.
Networking events: Opportunities to connect with senior leaders and peers from various departments.
Community service: Engaging in meaningful social responsibility initiatives.

Day-to-day responsibilities:

• Forecasting financial and non-financial trends
• Developing models and performing financial analysis of business investments
• Supporting internal planning and management accounting functions
• Presenting financial data and analysis to business partners
• Evaluating opportunities for process improvements across the CFO Group
• Networking with finance executives and key stakeholders to cultivate meaningful relationships.

Team assignments:

• Analysts are placed in teams within the CFO Group based on business needs and skillset.
• Potential teams include:
• CFO COO & Governance
• CFO Data Management
• Corporate Treasury
• Global Financial Control
• Global Corporate & Investment Banking, Global Markets and International Finance
• Global Technology and Global Operations Finance
• Regional Banking & Wealth Management Finance
• Staff Support Finance
• Strategic Forecasting and Expense Management

Qualifications:

• Currently enrolled in an undergraduate or accelerated (4+1) degree program from an accredited college or university.
• Final graduation date between November 2025 and August 2026.
• Preferred GPA of 3.2 or higher.
• Common areas of study: Finance, Business Administration, Accounting, Information Systems, Economics, and other related majors.
• Strong academic and technical skills in Microsoft Office.
• Demonstrated proficiencies in leadership, teamwork, problem solving & analytical skills, verbal and written communication, and professionalism.
• A high level of intellectual curiosity, a drive for operational excellence, and a commitment to achieving sustainable results.
• Bank of America is unable to consider candidates who will require visa sponsorship now or in the future for this specific role.

Additional Information:

• Bank of America does not complete third party forms from colleges, universities, or other parties.