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!
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.
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
Enhance and develop liquidity stress model assumptions for stress testing
Engage with Global Markets line of business to understand how daily business flows will impact liquidity metrics across entities. Strategize with business partners for opportunities to increase efficiency in managing these impacts and develop or validate liquidity stress assumptions
Monitor and trend liquidity risks relating to business activities, understand correlation between business drivers and liquidity usage and build out enhanced granularity on executive reporting for global markets usage.
Analyze new business initiatives and products to assess their liquidity and funding risks
Interpret liquidity regulation and ensure documentation for firms compliance with regulatory requirements are up to date
Provide input into monthly presentations for Risk Committees, Board of Directors, Enterprise and Local Regulators
Support other ad hoc projects within Liquidity Management
Required Qualifications:
Minimum of 5 years of industry experience working with financial products
Active experience liaising with business managers within a large Bank
Energetic and self-motivated. Candidate should have a strong intellectual curiosity
Strong quantitative background including excel modelling
Excellent communication skills – both written and verbal
Ability to drive project goals across functions with minimal oversight
Desired Qualifications:
Bachelor’s degree in Business
Prime Brokerage, derivatives or secured funding (either regulatory, reporting or business) knowledge
Liquidity modelling experience a plus
Working knowledge of Basel/CRR regulatory framework pertaining to liquidity issues
Experience with automation tools
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
Shift:
1st shift (United States of America)Hours Per Week:
40...environment and equipment shall be taken care of. Package ownership and review responsible for heat exchangers, pressure vessels, boilers, freshwater generators, and gas compressors (Centrifugal and Reciprocating). Comment the mechanical design, including...
...maintain security and accuracy. Package printed documents into envelopes for mailing. Affix the appropriate shipping labels for USPS or FedEx delivery. Drop off outgoing mail at the nearest USPS or FedEx location. Maintain records of shipments and ensure...
...behavioral system employed. This position will meet or exceed the expectations of DCS/Dept. of Education requirements to maintain school certification. The position will act as the Educational Liaison which requires the completion of education reports as well as...
...Job Title: Senior Mobile (iOS) UX Designer Job Type: Full-time Location: Houston, TX, no remote About the Role: We are seeking a talented and experienced Mobile UX Designer with a demonstrable experience of designing iOS applications to join our team in...
...distributor and retailer of automotive replacement parts and accessories with 80 locations across... ...a vital role in our company. Without timely and accurate service from us, our stores... ...Key Responsibilities Oversee daily warehouse activities of the Grand Island warehouse,...