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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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!
Responsibilities:
- 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.
- Enhance processes to streamline reporting and build out additional analytic capabilities with leaning towards emerging technology including Alteryx and Tableau.
- Perform financial analysis and financial modelling of cash and liquidity products to size liquidity required to adequately cover liquidity risks.
- Utilize working knowledge of Traded products including secured funding and derivatives to understand underlying liquidity risks and assess cash flows.
- Practice asset liability management including interest rate risk management and liquidity risk management and capital to ensure required regulatory rules and standards are met.
- Automate manual processes that require large data sets using python code, SQL and alteryx to prepare customized reports.
Required Skills & Experience:
- Bachelor's degree or equivalent in Economics, Mathematics, Finance, or related; and
- 5 years of progressively responsible experience in the job offered or a related finance occupation.
- Must include 5 years of experience in each of the following:
- Performing financial analysis and financial modelling of cash and liquidity products to size liquidity required to adequately cover liquidity risks;
- Utilizing working knowledge of Traded products including secured funding and derivatives to understand underlying liquidity risks and assess cash flows;
- Practicing asset liability management including interest rate risk management and liquidity risk management and capital to ensure required regulatory rules and standards are met; and,
- Automating manual processes that require large data sets using python code, SQL and alteryx to prepare customized reports.
If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.
Employer: Bank of America N.A.
Shift:
1st shift (United States of America)
Hours Per Week:
40