Assistant Vice President; Bank Funding Trader
Charlotte, North Carolina
To proceed with your application, you must be at least 18 years of age.
Acknowledge
Refer a friend
To proceed with your application, you must be at least 18 years of age.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Charlotte/Assistant-Vice-President--Bank-Funding-Trader_25032126-2)
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
RESPONSIBILITIES :
Conduct cash and liquidity forecasting for the US Bank, Parent Company, and Broker-dealers to manage daily cash positions and ensure compliance with liquidity risk metrics.
Execute intercompany funding trades, supporting funding needs for US and non-US branches and subsidiaries.
Monitor Federal Reserve monetary policy and assess impacts on short-term money market rates and liquidity.
Perform trade execution, pricing verification, and valuation of financial instruments to ensure strategic alignment.
Collaborate with Treasury groups (Balance Sheet Management, Global Liquidity Management) and CFO Risk to analyze balance sheet changes and identify potential risks to liquidity and funding.
Drive technology initiatives to enhance Treasury systems for liquidity risk management, including automation and integration across global funding platforms.
Provide detailed financial analysis of funding risks and opportunities, presenting recommendations to senior management.
Maintain compliance with internal policies and regulatory directives, contributing to audits and regulatory exams.
Develop and maintain liquidity and cash forecasting models and perform complex quantitative analyses to support funding strategy and cash management decisions.
Monitor risk metrics under US regulations, including Liquidity Coverage Ratio (LCR) and Internal Liquidity Stress Test (ILST), to ensure regulatory compliance and funding efficiency.
Conduct research using Bloomberg, Oracle, and Python (advanced proficiency including modeling, macros) to analyze market trends and liquidity risk.
Execute intercompany funding transactions and optimize funding and capital structures across multiple legal entities and assisting in coordinating information flow and execution with various internal partn Contribute to technology initiatives aimed at enhancing tools and processes including data analytics tool and desk's funding dashboard for Monitoring liquidity risks efficiently.
Remote work may be permitted within a commutable distance from the worksite.
REQUIRED SKILLS & EXPERIENCE :
Bachelor's degree or equivalent in Finance, Economics, Mathematics, or related: and
2 years of experience in the job offered or a related Finance occupation.
Must include 2 years of experience in each of the following:
Developing and maintaining liquidity and cash forecasting models and performing complex quantitative analyses to support funding strategy and cash management decisions;
Monitoring risk metrics under US regulations, including Liquidity Coverage Ratio (LCR) and Internal Liquidity Stress Test (ILST), to ensure regulatory compliance and funding efficiency;
Conducting research using Bloomberg, Oracle, and Python (advanced proficiency including modeling, macros) to analyze market trends and liquidity risk;
Executing intercompany funding transactions and optimizing funding and capital structures across multiple legal entities and assisting in coordinating information flow and execution with various internal partners; and,
Contributing to technology initiatives aimed at enhancing tools and processes including data analytics tool and desk's funding dashboard for monitoring liquidity risks efficiently.
If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.
EMPLOYER : Bank of America N.A.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE .
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
