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
Develops and enhances forecast and modeling methodologies and processes to build accurate, well controlled and operationally efficient liquidity forecasts that allow the firm to issue funding at the right time, in the right currency and at the right legal entity
Become a liquidity subject matter expert ("SME") in respect to the firms forecasting and liquidity management capabilities, including but not limited to daily liquidity transactions, internal liquidity stress testing (“ILST”) and market-based funding
Partners closely with Treasury trading desks to report and optimize bank and non-bank liquidity position
Works to help automate processes and drive operational excellence projects across the team
Required Qualifications:
Ability to analyze and manipulate large quantities of data with great attention to detail as well as understand the flow of data within database applications
Excellent time management skills, including the ability to meet deadlines, and manage multiple priorities without sacrificing quality or timelines
Strong analytical and presentation skills
Strong communication (written and oral)
Self-motivated, self-directed
Proficient with Microsoft tools (Excel, Word, PowerPoint)
Minimum of 3 years of financial and/or data analytics experience with a financial institution
Desired Qualifications:
Bachelor’s Degree in Finance, Accounting, Economics, Business or a related field - or related work experience
Experience developing, implementing, and maintaining reporting in a consistent manner
Solid understanding of Treasury / liquidity concepts and liquidity regulations
Experience in regulatory reporting
Experience at Bank of America (knowledge of the enterprise)
Ability to navigate complex data environments and manipulate large data sets
R Studio and Altrex
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
Business Acumen
Financial Management
Monitoring, Surveillance, and Testing
Policies, Procedures, and Guidelines
Risk Management
Shift:
1st shift (United States of America)
Hours Per Week:
40
