Global Liquidity Management Lead

Job Description:

Job Title: Global Liquidity Management Lead

Location: London

Company Overview:

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.

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!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

International Liquidity Management is part Global Liquidity Management (GLM) team, a division of Corporate Treasury. The International team is responsible for managing the liquidity requirements of Bank of America’s International subsidiaries and branches, on both a day to day and strategic basis.

The role is based in London where there are 14 members of the GLM team. More broadly, GLM has teammates in the US, Brazil, Paris, Dublin, Hong Kong and Japan.

Responsibilities:

Primary purpose of the role is to lead liquidity management practices for MLI, BAC’s primary Broker Dealer outside of the US; and BANA London, the UK Branch of the primary US Bank. Responsibilities will include:

• Monitoring liquidity risks relating to the firm’s business activities

• Leading enhancement and development of liquidity stress testing assumptions

• Working with the lines of businesses to determine near, medium and long term liquidity and funding requirements

• Analyse new business initiatives and products to assess their liquidity and funding risks

• Interpret and respond to new regulations impacting liquidity

• Lead presentations to various risk and management committees

• Lead dialogue with senior managers or regulators

• Support other ad hoc projects within International GLM

• Develop and implement global and regional liquidity management policies

• Lead International GLM efforts for Traded Products Liquidity program

• Supervise a team of three

What we are looking for:

• Deep understanding of liquidity management and liquidity regulation

• Experience within a similar role within financial services / banking

• Ability to lead and manage a team

• Energetic and self-motivated

• Intellectual curiosity

• Excellent communication skills – both written and verbal

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum 

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.