Trader Global Funding

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed build a career and contribute to our shared success. This includes attracting and developing exceptional talent recognizing and rewarding performance and supporting our teammates physical emotional and financial wellness through affordable competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service community college education or a wide range of work and life experiences. These journeys foster resilience leadership and innovation strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration engagement and career development. Our approach includes clear in-office expectations while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America you can build a successful career with opportunities to learn grow and make an impact. Join us!

Role Overview

This role is on the Global Funding team within Treasury. The role has responsibility for collaborating with the Senior Traders to execute Bank Funding strategies in the wholesale money markets. Responsible for evaluating funding opportunities with business partners and providing recommendations to traders and management based on thorough analysis of key considerations and constraints. Role requires ability to assess markets effectively and to analyze and communicate potential risks and opportunities. The associate will execute funding transactions understand relevant operational processes and report on the impact to the companys funding and risk profile.

Job Description

Global Funding employees interact daily with internal and external constituents. These include business lines other Treasury functions such as Balance Sheet Management (BSM) Enterprise Capital Management (ECM) and Global Liquidity Management (GLM) internal control partners regulators central banks investors and other market participants. Global Funding strives to utilize 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. Global Funding is responsible for all aspects of managing its funding programs to support Enterprise liquidity management objectives. The group actively monitors market conditions investor sentiment market liquidity interest rates and Federal Reserve policy actions to support risk management decisions. The funding products executed span wholesale CDs commercial paper FHLB advances repurchase agreements (repos) and bank notes. Implementation of Treasury funding strategies necessitates flawlessly executing transactions with internal and external counterparties in accordance with liquidity constraints capital constraints internal risk metrics legal limitations and regulatory directives.

This role requires critical thinking about the many challenges facing our company and industry with an emphasis on attention to detail teamwork and strong communication skills. The broader Treasury organization provides an opportunity to gain broad knowledge about the Company and its many businesses as well as the global markets in which we transact. Your day-to-day experience will be varied and challenging and will allow you to extend your skills within various disciplines such as market analysis funding portfolio management (diversification tenors investors etc.) trade execution managing risk collateral management and knowledge of broader money markets.

Key Responsibilities:

Generally the candidate is expected to show high levels of initiative inquisitiveness and persistence. Funding touches all parts of the Bank in multiple ways and it is a key requirement for the team to build a strong understanding of the flows the people and processes they encounter on a daily basis.

• Contribute to the development of wholesale funding strategies that cost effectively meet liquidity needs within defined Enterprise limits and guidelines.
• Transact and execute issuance of bank funding products such as negotiable CDs commercial paper short-term notes FHLB advances and repurchase agreements to meet Global Fundings goals.
• Monitor market conditions and provide assessments of rates markets and applicable risk management strategies.
• Develop thorough understanding of Federal Reserve monetary policy. Analyze impacts to funding markets and bank liquidity from external events.
• Perform financial analysis and reporting related to funding and collateral portfolios.
• Identify and implement collateral execution strategies that deliver value to Enterprise through risk reduction or economic efficiencies.
• Engage with business partners across Enterprise to assess financial resource objectives and develop funding plans that optimally meet Enterprise targets.
• Ensure that a robust control environment is supported through compliance with all policies procedures and directives and that risk limits and metrics are adhered to.
• Identifying and implementing ongoing process improvements to drive process efficiency and ensure activities are accurate and well controlled.

Required Qualifications:

• Undergraduate degree with quantitative focus; preferably finance accounting or statistics major
• Minimum 2-4 years treasury finance or market facing role (bond math analytics balance sheet cash flows)
• Strong analytical investigative problem-solving and decision making skills
• Advanced Excel skills SQL programming skills Word and PowerPoint proficiency
• General understanding of markets liquidity capital or market risk constructs
• Ability to thrive in a fast paced demanding environment adapt to changing priorities and demonstrate initiative
• Inquisitive willing to challenge the status quo and strive to improve processes
• Ability to work independently and as part of a team with minimal supervision and efficiently prioritize tasks and seek appropriate guidance
• Ability to communicate effectively across a broad range of constituents in verbal written and presentation formats
• Ability to build and maintain strong relationships across the Enterprise
• Comfortable leading an initiative as well as playing a support role on a broader team

Desired Qualifications:

• Familiarity with financial regulatory environment (Capital Liquidity IRR)
• Proficiency with Python coding
• Funding planning and market execution experience
• Liquidity or Balance Sheet management experience
• Bloomberg and other market trading and research platforms
• CFA

Skills:

• Price Verification and Valuation
• Trading
• Trading and Investment Analysis
• Investment Management
• Problem Solving
• Trade Monitoring
• Trading Strategy
• Business Analytics
• Causation Analysis
• Data and Trend Analysis

Shift:

Hours Per Week: