Bank Funding Trader

Job Description:

This role is on the Strategic Asset and Liability Management (SALM) team within Treasury; specifically the Long-Term Funding Execution Team.  The team has responsibility transacting in long-term liability products globally across multiple markets and currencies, including senior long-term debt, subordinated long-term debt, and preferred stock; participating in execution planning and forecasting efforts; managing broker-dealer relationships; and performing extensive analysis of credit markets.

SALM employees interact daily with internal and external constituents including business lines, other Treasury functions such as Balance Sheet Management (BSM), Finance, Capital Management, Investor Relations and Global Liquidity Management, Legal, internal control partners, regulators, market dealers, and investors. SALM strives to provide efficient funding strategies across the enterprise in the most cost effective manner, while managing the risks associated with those strategies.  Implementation of our funding and hedging strategies necessitates flawlessly executing transactions with internal and external counterparties in accordance with liquidity constraints, internal guidelines, 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 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. Your day to day experience will be varied and challenging, and will allow you to extend your skills within various disciplines. 

Key Responsibilities:

• Perform extensive analytics on the performance of Bank of America and peers debt and capital securities in the global credit and capital markets

• Perform extensive analytics on global financial issuers' debt and capital security primary market trends

• Actively participate in the execution of long-term debt and capital instrument offerings.  Balance various factors when sourcing funding including economics, market capacity, and diversification

• Contribute to the development of funding strategies that will cost effectively meet liquidity needs within defined enterprise limits and guidelines

• Develop deep understanding of market environments (macro trends as well as Bank of America specific implications)

• Perform extensive ad-hoc projects, deep financial analysis related to the Company's debt and capital security footprint and other funding activities and prepare management reporting

• Understand funding dynamics through various business cycles.  Participate in stress testing, and contingency planning exercises.  Analyze market capabilities under various stress scenarios and maintain contingency playbooks

• Engage with business partners including BSM, GLM, and CFO Risk to analyze balance sheet changes, identify subsequent risks to the liquidity and cash position

• Develop thorough understanding of regulations and other nuanced market factors. Analyze and understand resulting impacts to specific markets/currencies.

• Ensure that a robust control environment is maintained through compliance with all policies, procedures and directives

Required Skills and Experience:

• Undergraduate degree in finance, accounting or engineering major - or related work experience

• 4+ years of experience in financial analysis (bond math, analytics, cash flows) or trading (traded or monitored/reported on trading strategies) experience

• Understanding of financial markets, liquidity and risk

• Critical thinking, strong attention to detail, analytical, investigative problem-solving skills   

• Advanced Excel skills; Word and PowerPoint proficiency

• 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, with a team, with minimal supervision and efficiently prioritize tasks

• Ability to communicate effectively across a broad range of constituents in verbal, written and presentation forms

• 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 Skills and Experience:

• Understanding of debt and capital securities

• Familiarity with financial regulatory environment

• SQL and/or other advanced data manipulation skills

• Bloomberg and other market sources

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