Description
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.
Global Liquidity Management is part of the Corporate Treasury organization and responsible for measuring, monitoring, and analyzing the enterprise's liquidity utilization in order to ensure Bank of America and its subsidiaries can meet all contractual and contingent financial obligations through typical market cycles, as well as, periods of stress.
The Senior Analyst will be a member of the Traded Products Liquidity Management team. Their primary focus with be providing product subject matter expertise for derivatives and partnering directly with the Fixed Income trading desk.
Associate will provide analysis and assessment of liquidity requirements for the Global Markets line of business on contractual obligations, contingent risks, as well as cash flow forecasting and stress testing.
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
Skills : Analytical Thinking
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
Required Qualifications :
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
Shift :
1st shift (United States of America)
Hours Per Week :
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