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:

Global Funding (GF) is one of the key areas within Corporate Treasury. GF employees interact daily with internal and external constituents including front line units (FLUs), other Corporate Treasury functions such as Global Liquidity Management (GLM), Corporate Treasury Finance, Balance Sheet Management (BSM) and Enterprise Capital Management (ECM), internal control partners, regulators, market participants and investors. The mission of SALM is to ensure Bank of America Corporation and all its subsidiaries are sufficiently funded at all times. The team utilizes 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 GF team manages enterprise liquidity and ensures that funding is maintained at levels sufficient to operate in normal and stressed scenarios. The team is tasked to forecast Sources and Uses of funds across a variety of entities and currencies, taking into account business input, the Corporation’s risk appetite and projected market conditions in order to effectively manage the Corporation’s key cash and liquidity positions. Implementation of our funding and hedging strategies necessitates flawlessly executing transactions with internal and external counterparties in accordance with liquidity and capital constraints, internal guidelines, legal limitations and regulatory directives.

A successful career in Corporate Treasury requires one to think critically 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. An associate’s day to day experience will be varied and challenging, allowing for extension of skills within various disciplines, such as market analysis, short-term money market execution and real-time liquidity risk management.

Responsibilities:

Funding execution

As per GF policies and procedures, manage funding for designated legal entities in coordination with global partnersExecution of trades (FX, Money Market & Securities) for Treasury needsProvide liquidity risk counsel and pricing consultation to lines of business (LOBs)Manage Local (IDR) and Foreign currency (USD) balance sheetProvide daily rate setting as and when required

Funding forecasting

In concert with local and enterprise partners, analyze business plans and forward balance sheet for designated legal entities and develop an appropriate funding planWork with business partners to develop an understanding of future business flows and risksWork closely with international peers to coordinate flows and promote efficiencyInvestigate and correct forecast misses in order to minimize future varianceManage liquidity and applicable ratios e.g. LCR / NSFRBalance various factors when sourcing funding including stability, price, and accessibility in changing conditions

Risk management

Manage interest rate and liquidity gap risks within established metrics consistent with the company’s risk appetiteHedge interest rate and foreign exchange exposures where necessary per policyBe a subject matter expert and consult with LOB’s on liquidity risk drivers and constraintsManage excess liquidity; adhere to statutory and operational requirements to achieve maximum efficiencyUnderstand inter-linkages and implications of local regulations especially relating to cross- border funding

Balance sheet governance

Understand, participate and contribute actively to Operational ExcellenceMonitor changes in assets and liabilities and understand causationWork with FTP group to ensure that practices and methodologies drive desired behaviorEnsure a robust control environment is maintained through compliance with all laws, regulations, policies, procedures and directives.

Other

Participate in technology enhancement projectsPerform extensive ad-hoc financial analysis related to funding risks and opportunitiesRespond to spontaneous information/reporting requests both internally and from regulatorsCompliance with relevant local and applicable international regulations including Dodd Frank / Volcker ruleTreasury back-up at local LMT / ALCODaily Benchmark IDR JIBOR submission (if applicable)

Required Skills:

Undergraduate degree with quantitative focus / prefer finance, accounting, or engineering majorRelevant experience of 1-2 years in Money Market / FX activities Experience in Balance Sheet and Liquidity Risk management would be added advantageGood working knowledge of money markets, foreign exchange, bond and swap markets combined with a thorough understanding of local regulationGood presentation skills (verbal as well as written) – Ability to communicate clearly and concisely (in English), verbally and in writing, at all levels within the organizationStrong ability to communicate effectively across a broad range of constituents including seasoned teammates, upper management and disparate business partners.Strong Excel skills / Word and Powerpoint proficiency are a mustProgramming experience will be an added advantageAbility to deliver a difficult message while maintaining close working relationships.

Desired Skills:

Creative problem-solving skills and orientationA genuine interest in financial markets / a drive to “win”