Finance Manager - Global Liquidity Management
New York, New York
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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 an 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!
Job Description:
This job is responsible for driving bank wide liquidity strategies by business and legal entity both in standard 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. Job expectations include implementing regulatory requirements in conjunction with Global Risk, developing and providing liquidity expertise on drivers for businesses and products, and leading liquidity-related projects.
The Role will lead the team covering liquidity management oversight for Bank of America's US Broker Dealers and FICC Secured Funding globally.
Responsibilities:
Measures, analyzes, monitors, and reports on spot and forecasted liquidity positions, providing guidance to business units to improve liquidity position, and supporting regulatory and management liquidity reporting
Oversees processes, risks, and controls, tracking and monitoring issues to ensure adherence with policies, risk standards, and compliance with internal and regulatory liquidity reporting requirements
Partners with other internal businesses, determining limits, guidelines, and direction, ensuring alignment with overall business objectives and the enterprise risk framework
Analyzes liquidity risk trends relating to business activities and correlations between business drivers and liquidity usage, building out enhanced liquidity reporting
Interprets and responds to liquidity regulations, ensuring documentation is in compliance with regulatory requirements.
Leads presentations and meetings with various risk and management committees, senior management, and/or regulators
Provides coaching and development opportunities to Analyst teammates
Partners with FICC to manage secured funding risk across the globe
Leads the decision making on liquidity positioning for US Broker Dealers
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.
Required Qualifications:
Minimum Years of Experience: 7+ years in liquidity management, treasury, or financial risk roles.
Technical Expertise: Strong understanding of liquidity risk management, regulatory liquidity requirements (e.g., LCR, NSFR), and broker-dealer funding practices.
Analytical Skills: Ability to analyze complex financial data, forecast liquidity positions, and interpret regulatory guidelines.
Process & Control Knowledge: Experience with operational risk mitigation, control design, and issue management.
Communication Skills: Proven ability to present to senior management, regulators, and risk committees.
Leadership Experience: Prior experience managing teams or leading projects.
Desired Qualifications
Advanced Education: MBA, CFA, or similar financial certification.
Technology Skills: Familiarity with liquidity reporting tools, automation solutions, and data visualization platforms.
Global Markets Knowledge: Understanding of global markets.
Regulatory Engagement: Experience interacting with regulators and responding to regulatory inquiries.
Project Management: Ability to lead cross-functional initiatives and drive process improvements.
Skills:
Analytical Thinking
Financial Forecasting and Modeling
Liquidity Management
Regulatory Compliance
Scenario Planning and Analysis
Business Acumen
Data and Trend Analysis
Policies, Procedures, and Guidelines
Reporting
Risk Management
Critical Thinking
Financial Management
Monitoring, Surveillance, and Testing
Stakeholder Management
Strategic Thinking
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.
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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.
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.
