Bank Funding Trader

Charlotte, NC, United States

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:

Understanding of liquidity management, bank funding strategy, money markets, economic indicators and Federal Reserve programs. Ability to appropriately balance; liquidity, price, risk and other key factors within established guidelines. Ability to make quick market decisions independently. Contribute knowledge and expertise regarding funding and liquidity to day to day Funding Desk responsibilities. Responsible for pricing, executing and recording trades, ensuring operational cohesiveness and performing investor and dealer analysis. Evaluate funding opportunities with partners across the companies and provide recommendations based on thorough analysis to senior management. Execute funding transactions across international entities.

This role is on the Global Funding team within Treasury, specifically the US Bank and Parent Funding Team within Global Funding. The role has responsibility for Position Management including the daily cash position, short-term liquidity forecasts, coordination with tactical and strategic funding efforts, internal funding execution, and ongoing analytics to optimize funding actions and deployment.

Global Funding employees interact daily with internal and external constituents including business lines, other Treasury functions such as Balance Sheet Management (BSM), Finance, Enterprise Capital Management (ECM) and Global Liquidity Management (GLM), internal control partners, regulators, market participants and investors. Global Funding strives to utilize its global presence to provide efficient funding strategies across the enterprise in the most cost-effective manner, while managing the risks associated with those strategies. The US Bank and Parent Funding Team are tasked to forecast the sources and uses of funds across the US Bank, US Broker-Dealers, and Parent Company (Holdco) taking into account business input and projected market conditions in order to manage effectively the Corporation’s key cash and liquidity positions. Implementation of our funding and hedging strategies necessitates strong partnership with the execution team with Execution Desk within Global Funding as well as Chief Investment Office (CIO) to ensure flawless execution with internal and external counterparties in accordance with liquidity constraints, internal guidelines, legal limitations, and regulatory directives.

This role requires critical thinking about the many challenges facing our company and industry with an emphasis on attention to detail, teamwork, and strong communication skills. The Treasury group provides an opportunity to gain broad knowledge about the company and its many businesses as well as the global markets in which we transact. Your day-to-day experience will be varied and challenging, and will allow you to extend your skills within various disciplines, such as market analysis, short term money markets & real time liquidity risk management.

Key Responsibilities:

Participate in BANA / Parent Company / Broker-dealer cash and liquidity forecasting routines to identify risks and ensure compliance with relevant liquidity risk metrics.

Engage with business partners including BSM, GLM, and CFO Risk to analyze balance sheet changes, identify subsequent risks to the liquidity and cash positions.

Execute intercompany funding transactions, supporting USD funding needs of non-US branches and subsidiaries.

Participate and drive Technology initiatives to integrate Global Funding capabilities (including integration across Treasury groups) and to further enhance tools to manage liquidity risk globally.

Develop thorough understanding of Federal Reserve monetary policy. Analyze impacts to short-term money market rates and liquidity resulting from changes in Fed policy.

Perform extensive ad-hoc financial analysis related to funding risks and opportunities.

Assist in coordination and completion of both internal and external audits and regulatory related exams.

Ensure that a robust control environment is maintained through compliance with all policies, procedures, and directives.

Skills:

Price Verification and Valuation

Trading

Trading and Investment Analysis

Investment Management

Problem Solving

Trade Monitoring

Business Analytics

Data and Trend Analysis

Required Qualifications:

Undergraduate degree with quantitative focus / prefer finance, accounting, or engineering major - or, related work experience

Minimum two years treasury, finance, or trading experience

Strong analytical, investigative problem-solving, and decision-making skills

Strong Excel skills are a must

Ability to thrive in a fast paced, demanding environment, adapt to changing priorities and demonstrate initiativ

Inquisitive, willing to challenge the status quo and strive to improve processes

Ability to work independently, with a team, with minimal supervision and efficiently prioritize tasks

Ability to communicate effectively across a broad range of constituents in verbal, written and presentation forms

Ability to build and maintain strong relationships across the Enterprise

Comfortable leading an initiative as well as playing a support role on a broader team

Desired Qualifications:

Familiarity with financial regulatory environment

Bloomberg and other market sources

SQL and/or other advanced data manipulation skills

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!

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