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.
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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.
The senior analyst will be a member of the Banking Products Liquidity Management team. Their primary focus will be ownership of the Operating Balance Level deposits quantitative model in compliance with Liquidity Coverage Ratio (LCR) requirements for modeling of operating and non-operating deposits.
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 model methodology and assumptions for use in regulatory reporting
- Engage with Global Banking line of business to understand how client payment and balance activity will impact liquidity metrics. Strategize with business partners for opportunities to increase efficiency in managing these impacts and develop or validate model assumptions
- Monitor and trend liquidity risks relating to business activities, understand correlation between business drivers and liquidity impacts
- Actively participate in discussions with Model Risk Management (MRM) and Treasury Quantitative Analytics team it relates to ongoing monitoring and model validation activities
- Coordinate with upstream data and technology partners regarding model development and production data
- Interpret liquidity regulation and ensure documentation for firms compliance with regulatory requirements are up to date
- Coordinate and provide input into monthly presentations for Line of Business partners and Regulators on deposits trends
- Develop responses to regulatory examinations related to operating deposits
- Support other ad hoc projects within Liquidity Management
Skills and Qualifications:
- 5+ years of experience in Finance, Treasury, Risk or Quantitative model development disciplines
- Active experience liaising with risk and business stakeholders within a large Bank
- Energetic and self-motivated. Candidate should have a strong intellectual curiosity
- Strong quantitative background including modelling, with attention to detail
- Excellent communication skills - both written and verbal
- Ability to drive project goals across functions with minimal oversight
- Advanced Excel and MS Office 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
Desired Skills:
- Bachelor's degree in finance preferred
- Deposits (either regulatory, reporting or business) knowledge
- Experience in Treasury and/or Liquidity Risk Management at a global financial services institution with knowledge of liquidity regulations, reporting, and analytics
- Excellent organizational skills
- Liquidity modelling experience a plus
Shift:
1st shift (United States of America)
Hours Per Week:
40