About Bank of America:
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World
Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.
Strategic Asset and Liability Management (SALM) is one of the key areas within Corporate Treasury. SALM employees interact daily with internal and external constituents including front line units (FLUs), other Corporate Treasury functions such as Global Liquidity Management (GLM), Corporate Treasury Finance, Balance Sheet Management (BSM) and Enterprise Capital Management (ECM), internal control partners, regulators, market participants and investors. The mission of SALM is to ensure Bank of America Corporation and all its subsidiaries are sufficiently funded at all times. The team utilizes 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.
The SALM team manages enterprise liquidity and ensures that funding is maintained at levels sufficient to operate in normal and stressed scenarios. The team is tasked to forecast Sources and Uses of funds across a variety of entities and currencies, taking into account business input, the Corporation’s risk appetite and projected market conditions in order to effectively manage the Corporation’s key cash and liquidity positions. Implementation of our funding and hedging strategies necessitates flawlessly executing transactions with internal and external counterparties in accordance with liquidity and capital constraints, internal guidelines, legal limitations and regulatory directives.
A successful career in Corporate Treasury requires one to think critically about the many challenges facing our company and industry with an emphasis on attention to detail, teamwork and strong communication skills. The Treasury group provides an opportunity to gain broad knowledge about the company and its many businesses as well as the global markets in which we transact. An associate’s day to day experience will be varied and challenging, allowing for extension of skills within various disciplines, such as market analysis, short-term money market execution and real-time liquidity risk management.
Beneficial skills / traits
Learn more about this role