Corporate Treasury Director

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.

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!

Job Description

Global Funding (GF) is one of the key areas within Corporate Treasury. GF employees interact daily with internal and external constituents including Lines of Business (LOB’s), other Corporate Treasury functions such as Balance Sheet Management (BSM) / Capital Management (ECM), Corporate Treasury Finance, and Global Liquidity Management (GLM), internal control partners, regulators, market participants and investors. The mission of GF 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 GF team manages enterprise liquidity and ensures that funding is maintained at levels sufficient to operate in normal and stressed scenarios. We are tasked to forecast the 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 you 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. Your day-to-day experience will be varied and challenging and will allow you to extend your skills within various disciplines, such as market analysis, short-term money market execution and real-time liquidity risk management.

Responsibilities

Funding execution

• Execute daily funding transactions for BANA Canada, ML Canada and other Canadian legal entities.

• Optimize liquid asset buffer (LAB) portfolios.

• Monitor capital markets for signs of stress and escalate funding and liquidity issues.

• Supervise money market, foreign exchange and derivative trade execution done by staff.

• Ensure BANA Canada and ML Canada are sufficiently funded through all market environments.

Risk management

• Manage funding, liquidity, interest rate and foreign exchange risks within limits.

• Hedge interest rate and foreign exchange exposures as required.

• Drive Interest Rate Risk for the Banking Book (IRRBB) adoption for BANA Canada.

• Represent Treasury to local regulators and ensure Treasury meets local regulatory requirements.

Asset and Liability Management

• Chair Asset and Liability Committee (ALCO).

• Optimize the BANA Canada and ML Canada balance sheets.

• Manage CAD Funds Transfer Pricing (FTP) curve and explain FTP policies to LOB’s.

• Manage local Treasury initiatives and collaborate with Treasury teammates on global initiatives.

Treasury Management

• Manage all aspects of Canada Treasury, including corporate governance matters.

• Represent Treasury in local committees, including the Country Leadership Committee.

• Drive training and development for the Canada Treasury team.

• Manage stakeholder relationships with LOB’s, local regulators, Enterprise Control Partners, and market counterparties.

• Foster technology adoption and drive Operational Excellence initiatives.

• Ensure continuous compliance with applicable laws, regulations, and internal policies.

Qualifications

• Undergraduate degree with quantitative focus.

• Three years trading / execution experience in money market, interest rate and foreign exchange products.

• Ten years relevant banking experience with focus on funding, liquidity mgmt., interest rate risk management and balance sheet management.

• Strong Excel modeling and data analysis skills required.

• Word and PowerPoint proficiency required.

• Knowledge of Tableau, Alteryx preferred.

• Fluency in verbal and written English required.

• Knowledge of Canadian capital markets.

• Ability to lead and manage a team.

Skills

• Strong problem solving and critical thinking skills.

• Genuine interest in financial markets.

• Ability to thrive in a demanding environment and quickly adapt to changing priorities.

• Ability to collaborate effectively with other teams locally and internationally.

• Drive to “win”.

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.