Bank Funding Trader
Bank of America
Bank Funding Trader
Charlotte, North Carolina
**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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
**Job Description:**
This role is on the Global Funding team within Treasury, specifically the Treasury Capital Markets Execution team within Global Funding.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 Treasury Capital Markets Execution Team is tasked to manage all aspects of debt and capital markets activity to support the liquidity and capital management objectives of the company,supporting market execution, analytics, and governance across a broad set of debt and capital products.
The teamhas responsibility in 4 core Treasury functions: (1) management and execution of market facing funding activities for long-term products including debt and capital securities, primarily at BAC and Bank of America, NA; (2) partnership with Global Markets for structured notes (3) analytics for global credit and capital markets as well as the debt and capital security footprint; and (4) relationship management with relevant underwriters across the globe. The activities and capabilities managed by the desk provide critical access to market-based funding which goes towards achieving GF’s purpose of keeping the Parent and Bank properly funded at all times.
The role requires critical thinking about how the company manages its liquidity and capital footprint through evolving market and regulatory environments 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.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, and market participants.
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, funding/capital/liquidity optimization, and transaction management.
**Responsibilities:**
+ Contribute towards discussions of strategies for funding execution, assessing market capacity, diversification, and financial impacts based on qualitative and quantitate analysis
+ Assist in management of real-time deal execution process of debt and capital instrument offerings and communicate relevant deal updates to internal leadership and regulators
+ Analyze strategic liability management actions to achieve targeted optimization of key metrics (P&L, NII, regulatory ratios, etc.)
+ Monitor and analyze trends in the primary and secondary global debt and capital markets, with a primary focus on BAC and peer debt and capital instruments, to provide market insight, communicate risks and actionable recommendations to Global Funding leadership
+ Participate in engagement with external counterparties (syndicate, debt capital markets, traders and diversity firms) on markets and deal-related dialogue
+ Maintain knowledge of current and proposed regulations to understand potential market and company-specific impacts
+ Monitor market environment and anticipate how external market factors may affect access to funding. React appropriately and elevate key risks
+ Ensure ready access to market funding sources, including operational preparedness and program documentation necessary to transact across all product capabilities of the desk
+ Produce liability and capital footprint analytics for management reporting and ad hoc financial analysis
+ Produce concise presentations and email summaries of market analyses and conclusions
+ Participate in stress testing and recovery and contingency planning exercises, providing expertise on funding dynamics in various scenarios
+ Prepare routine materials for regulators and coordinate responses to ad hoc requests
+ Perform ad-hoc projects, financial analysis related to the Company's debt and capital security footprint and prepare management reporting
+ Implement routines and a robust control environment that achieves compliance with all policies, procedures and directives relating to execution
+ Engage with Global Markets team to understand structured note forecasts, risks, and opportunities to facilitate responsible growth of business
**Required Qualifications:**
+ 2+ years finance or markets experience (Treasury, Trading, or Finance)
+ Interest in markets, liquidity, financial math and risk
+ Strong Excel and PowerPoint skills
+ Strong analytical and decision-making skills
+ Critical thinking, attention to detail, analytical and investigative problem solving skills
+ 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
+ Ability to thrive in a fast-paced, demanding environment, adapt to changing priorities and demonstrate initiative
+ Inquisitive, willing to challenge the status quo and strive to improve processes
+ Comfortable leading an initiative as well as playing a support role on a broader team
**Desired Qualifications:**
+ Undergraduate degree with economics, finance, or quantitative focus or related work experience
+ Understanding of fixed income and currency markets, in particular debt and capital instruments
+ Familiarity with financial regulatory environment
+ Bloomberg and other market sources
+ SQL and/or other advanced data manipulation skills
+ Tableau
+ Python
+ CFA
**Skills:**
+ Price Verification and Valuation
+ Trading
+ Trading and Investment Analysis
+ Investment Management
+ Problem Solving
+ Trade Monitoring
+ Trading Strategy
+ Business Analytics
+ Causation Analysis
+ Data and Trend Analysis
+ Research Analysis
**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.
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.
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