Liquidity Risk Senior Analyst – Liquidity Governance and Crisis Continuum

Charlotte, NC, United States

Liquidity Risk Senior Analyst – Liquidity Governance and Crisis Continuum page is loaded Liquidity Risk Senior Analyst – Liquidity Governance and Crisis Continuum Apply locations Charlotte time type Full time posted on Posted Yesterday job requisition id 24014424 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!

Job Description:

This job is responsible for influencing and driving optimal bank-wide liquidity strategies by Lines of Business (LOBs) and legal entity in business as usual (BAU) and stress scenarios. Key responsibilities include overseeing and influencing liquidity utilization across the organization and providing input into process and control designs, operational risk mitigation, issue management, automation, and other initiatives across the bank.

Global Liquidity Management (“GLM”) is a division of Treasury that is tasked with driving responsible growth through timely and accurate measuring, monitoring, and managing of the enterprise’s liquidity position and by serving as a trusted partner to liquidity stakeholders across the company. Our business partners include Global Funding, Enterprise Capital Management, Finance, Audit, Risk, and Lines of Business. The group works with business units to ascribe limits, guidelines and direction to the business in line with corporate objectives and in accordance with risk appetite statements.

This role will focus on liquidity management and governance processes across the crisis continuum (including contingency funding planning, recovery planning and resolution planning) and support regulatory engagement. Duties and responsibilities will include the following:

Support development of GLM-owned Financial Contingency and Recovery Plan (“FCRP”) and Resolution Plan content, supporting documentation, regulatory requirements mapping, procedures and senior leadership material preparation

Partner across Treasury, Enterprise Financial Risk (“EFR”) and Enterprise Scenario Planning and Execution (“ESPE”) to support coordination of FCRP and Resolution Planning activities such as participation in annual exercises, review of contingency options, and preparing materials for governance committees

Ownership of global contingency funding planning process and supporting activities

Ownership of the U.S. broker-dealer contingency funding plans

Support annual assessment of contingency funding planning requirements

Facilitate international coordination across crisis continuum activities

Support material preparation for crisis continuum regulatory requests

Ownership of liquidity related crisis continuum Shared Platform for Interdependent Entity Relationships (“SPIDER”) mapping

Support monthly U.S. regulatory routines

Support CLAR and other agency exam routines

Manage global regulatory tracking and support

The GLM team is composed of approximately 100 employees located in New York, Charlotte, London and Asia.

Responsibilities:

Measures, analyzes, monitors, and reports on the bank's spot and forecasted liquidity position, provides guidance to business units to improve liquidity position, and supports regulatory and management liquidity reporting

Oversees processes, risks, and controls and tracks and monitors issues to ensure adherence with policies, risk standards, and compliance with internal and regulatory liquidity reporting requirements

Partners with other Lines of Business (LOBs) to determine limits, guidelines, and direction, ensuring alignment with overall business objectives and the bank's risk framework

Monitors liquidity risk trends relating to business activities and correlations between business drivers and liquidity usage and builds out enhanced liquidity reporting

Reviews liquidity regulations and ensures documentation required for compliance is up to date with regulatory requirements

Streamlines reporting processes and builds out analytic capabilities using emerging technology (e.g., Alteryx, Tableau, etc.)

Provides input into monthly and quarterly reporting, disclosures, and presentations for Risk Committees, Board of Directors, and enterprise and local regulators

Skills:

Analytical Thinking

Financial Forecasting and Modeling

Liquidity Management

Regulatory Compliance

Reporting

Attention to Detail

Benchmarking

Data and Trend Analysis

Financial Analysis

Scenario Planning and Analysis

Required Qualifications:

BS/BA (Finance/Accounting preferred) - or, related work experience

Comfort working with Enterprise Corporate Treasury concepts

Strong communication, coordination and planning skills

Advanced PowerPoint and writing skills

Can work independently and creatively manage multiple requests efficiently

Problem solver/self-starter

Desired Qualifications:

Stress testing, Recovery and/or Resolution Planning experience

Ability to interpret, organize and execute upon regulatory guidance

Comfort with communicating with senior leaders and escalating issues

Strong communication experience - written & oral

Initiative focus

Intellectual curiosity

Control / Enterprise mindset

Attention to detail

2+ Years of analytical experience with a financial institution

Shift:

1st shift (United States of America) Hours Per Week:

40

About Us Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.

Regardless of the position you are interested in, the starting points to building your resume are the same:

1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications.

2. Think about why you can do the job and make a list of your skills that are relative to the job.

3. Identify experiences or accomplishments that show your proficiency in the skills required for the job.

4. Summarize your abilities, accomplishments and skills into a brief, concise document.

Considerations when writing a resume

• Do be brief. Resumes should be 1-2 pages in length.

• Do be upbeat and active in your wording.

• Do emphasize what you have done clearly and concretely.

• Do be neat and well organized.

• Do have others proofread and critique your resume. Spell check. Make it error free.

• Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible.

• Don't be dishonest, always tell the truth about yourself in the most flattering light.

• Don't include salary history or requirements.

• Don't include references.

• Don't include accomplishments that do not support your professional goals.

• Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)

• Don't use italics, underlining, shadows or other fancy treatments.

Seven steps to a successful interview

1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?

2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?

3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.

4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.

5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.

6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.

7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.

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