Officer/AVP, Bank Funding Trader, Corporate Treasurer, The CFO Group
Posted 2025-04-06Job 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. WeÂre 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 CorporationÂs risk appetite and projected market conditions in order to effectively manage the CorporationÂs 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 associateÂs 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 partners
 Execution of trades (FX, Money Market & Securities) for Treasury needs
 Provide liquidity risk counsel and pricing consultation to lines of business (LOBs)
 Manage Local (IDR) and Foreign currency (USD) balance sheet
 Provide 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 plan
 Work with business partners to develop an understanding of future business flows and risks
 Work closely with international peers to coordinate flows and promote efficiency
 Investigate and correct forecast misses in order to minimize future variance
 Manage liquidity and applicable ratios e.g. LCR / NSFR
 Balance 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 companyÂs risk appetite
 Hedge interest rate and foreign exchange exposures where necessary per policy
 Be a subject matter expert and consult with LOBÂs on liquidity risk drivers and constraints
 Manage excess liquidity; adhere to statutory and operational requirements to achieve maximum efficiency
 Understand inter-linkages and implications of local regulations especially relating to cross- border funding
Balance sheet governance
 Understand, participate and contribute actively to Operational Excellence
 Monitor changes in assets and liabilities and understand causation
 Work with FTP group to ensure that practices and methodologies drive desired behavior
 Ensure a robust control environment is maintained through compliance with all laws, regulations, policies, procedures and directives.
Other
 Participate in technology enhancement projects
 Perform extensive ad-hoc financial analysis related to funding risks and opportunities
 Respond to spontaneous information/reporting requests both internally and from regulators
 Compliance with relevant local and applicable international regulations including Dodd Frank / Volcker rule
 Treasury back-up at local LMT / ALCO
 Daily Benchmark IDR JIBOR submission (if applicable)
Required Skills:
 Undergraduate degree with quantitative focus / prefer finance, accounting, or engineering major
 Relevant experience of 1-2 years in Money Market / FX activities
 Experience in Balance Sheet and Liquidity Risk management would be added advantage
 Good working knowledge of money markets, foreign exchange, bond and swap markets combined with a thorough understanding of local regulation
 Good presentation skills (verbal as well as written)  Ability to communicate clearly and concisely (in English), verbally and in writing, at all levels within the organization
 Strong 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 must
 Programming experience will be an added advantage
 Ability to deliver a difficult message while maintaining close working relationships.
Desired Skills:
 Creative problem-solving skills and orientation
 A genuine interest in financial markets / a drive to ÂwinÂ
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