Treasury Product Associate – Banknotes

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

GPS Overview

At Bank of America, each day brings innovation and opportunity. We are dedicated to turning technology advances into treasury solutions for our clients globally - across all segments and industries. We are looking for highly motivated, self-starters who can advocate for our clients in providing liquidity management, payments and receipts, trade and supply chain finance, FX and commercial card services, by complementing high tech with a personalized touch. Challenge the status quo and influence peers with diverse points of view. Forward thinkers with ability to see what's next in treasury management. The future of treasury management is here at Bank of America. Powered by people. Driven by Technology.

Job Description

The Treasury Product Associate will be partnered with the Senior Banknote Account Manager focused on developing strategies to grow revenue domestically and globally with a portfolio of clients headquartered in Canada and United States. Key accountabilities include independent focus of managing a client portfolio, supporting all activities from executing on daily client transaction activity, ongoing client relationship management, overall driving, and attainment of Global Banknotes revenue goals.

To be successful in the role, TPA’s must maintain and build a strong client focus, and awareness and understanding of the banknotes foreign exchange market in addition to possessing good interpersonal, communication and presentation skills.

• Manage assigned client portfolio with end to end understanding of client’s banknote activity exceeding portfolio growth goals; including executing buy and sell foreign banknotes (cash) transactions in accordance with business objectives, client needs and established limits for Banknote clients

• Identifying solutions to client needs as requested or as a result of needs analysis

• Schedule and perform client portfolio reviews while exploring cross sell opportunities

• Produce pricing/cost benefit models for instituting effective pricing management initiatives

• Partner with GTS sales to manage the sales pipeline; ensuring deals are properly advanced

• Accountable for accuracy of banknotes related data within related tracking systems

• Work with other key stakeholders such as GTS Sales, Credit, Compliance and Operations to manage client relationships, business development and process improvements

• Understand and apply the bank’s risk framework when dealing with clients

• Liaise with transportation agents to coordinate shipments and negotiate competitive pricing

• Support inventory management functions pertaining to North America client requirements

Required Skills

• Minimum of 3-5 years of experience in the Global Banknotes market

• Requires flexibility as the banknote desk is staffed from 8:00am to 6:00pm, including Canadian public holidays

• Strong knowledge of foreign currency banknotes and foreign exchange including pricing, FX rate calculation and transportation logistics

• Strong mathematical and data analytic skills

• Client and solution focused with ability to multi-task and adapt to change

• Proven experience working in a fast-paced environment as part of a larger team

• Excellent MS Office (Word/Excel/PowerPoint/Outlook) experience

Desired Skills

• Business Administration, Finance or equivalent bachelor's degree

• Language skills (French/Spanish) – would be an asset

Skills

• Account Management

• Client Management

• Customer and Client Focus

• Oral Communications

• Presentation Skills

• Critical Thinking

• Data Management

• Portfolio Analysis

• Problem Solving

• Relationship Building

• Active Listening

• Analytical Thinking

• Collaboration

• Prioritization

• Written Communications

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.