New York, NY, 10176, USA
1 day ago
Liquidity Senior Analyst - Traded Products Liquidity Management
Liquidity Senior Analyst - Traded Products Liquidity Management Charlotte, North Carolina;New York, New York **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 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 businessactivities, 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 inBusiness + 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 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 and affirmative action, 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. To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) . To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . 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 . 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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