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 a global markets product (secured funding, derivatives or prime brokerage). 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.
Specifically to this role, the responsibilities include:
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
Enhance processes to streamline reporting and build out additional analytic capabilities, with lean towards emerging technology (Alteryx, Tableau etc.)
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
Bachelor's Degree in Business or related field - or related work experience
4+ 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, data manipulation
Excellent communication skills - both written and verbal
Experience in preparing presentations for senior management and regulators
Ability to drive project goals across functions with minimal oversight
Prime Brokerage, derivatives or secured funding (either regulatory, reporting or business)
Working knowledge of Basel/CRR regulatory framework pertaining to liquidity issues
1st shift (United States of America)
Hours Per Week:
Internal Number: 21037104
About Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.