Director, FRG Client Clearing & Optimization
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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Director, FRG Client Clearing & Optimization
The Financial Resources Group (FRG) sits within Prime Finance and focuses on client portfolio financing across cash, swaps, and prime brokerage activity. The team partners closely with Trading, Sales, Account Management, Platform, and Risk to price portfolios, implement optimization strategies, and support revenue growth through data-driven insights and cross-functional collaboration.
The FRG Client Clearing & Optimization role supports client portfolio financing and clearing solutions across synthetic and prime brokerage activity. The role focuses on improving profitability, resource efficiency, and client outcomes across the Prime Financing franchise.
Key Responsibilities
- Engage directly with clients on capacity, collateral composition, and portfolio optimization opportunities to drive profitability and deepen relationships
- Define client strategy for Prime Financing clearing activities
- Apply knowledge of capital ratios and margin methodologies to identify and execute optimization opportunities
- Leverage expertise in regulatory and internal liquidity modeling to support portfolio and book-level optimization
- Collaborate across Trading, Sales, Account Management, Platform, Risk, and other Global Financing teams to deliver on business priorities
- Forecast business growth, financing demand, and resource requirements to support scalable growth and disciplined planning
Required Skills & Experience
- Highly analytical and detail-oriented mindset
- Strong understanding of accounting principles and Prime Financing business
- Established relationships with clearing houses and industry groups
- Proficiency in 15c3 customer protection rules and equity financing liquidity and capital frameworks
- Extensive experience working directly with clients on execution and optimization strategies
- 15–20 years of experience in Global Markets or related role
Shift:
1st shift (United States of America)Hours Per Week:
40Learn more about this role
Full time
JR-26020191
Manages People: No
Travel: Yes, 5% of the time
Age requirement: Must at least be 18 years of age.
New York pay range:
$300,000.00 - $300,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve
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