Liquidity Senior Analyst - Traded Products Liquidity Management

Company: Disability Solutions
Location: Charlotte
Posted on: October 30, 2024

Job Description:

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. 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. We're 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: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 ManagementSkills:
  • Analytical Thinking
  • Financial Forecasting and Modeling
  • Liquidity Management
  • Regulatory Compliance
  • Reporting
  • Attention to Detail
  • Benchmarking
  • Data and Trend Analysis
  • Financial Analysis
  • Scenario Planning and AnalysisRequired 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 oversightDesired 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 toolsShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)Pay and benefits informationPay range$95,000.00 - $135,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Keywords: Disability Solutions, Burlington , Liquidity Senior Analyst - Traded Products Liquidity Management, Executive , Charlotte, North Carolina