Bank Funding Trader

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:
Accountable for a specific trading activity. Understanding of liquidity management, bank funding strategy, money markets, economic indicators and Federal Reserve programs. Works closely with the Senior Trader and Bank Funding Managers to make optimal trading decisions to execute the funding strategy set forth. Ability to appropriately balance; liquidity, price, risk and other key factors within established guidelines. Ability to make quick market decisions independently. Contribute knowledge and expertise regarding funding and liquidity to day to day Funding Desk responsibilities. Responsible for pricing, executing and recording trades, ensuring operational cohesiveness and performing investor and dealer analysis. Evaluate funding opportunities with partners across the companies and provide recommendations based on thorough analysis to senior management. Execute funding transactions across international entities.

This role is on the Global Funding team within Treasury. The role has responsibility for working with the Senior Traders to execute Bank Funding strategies in the wholesale money markets. Responsible for evaluating funding opportunities with business partners and providing recommendations to traders and management based on thorough analysis of key considerations and constraints. Role requires ability to assess markets effectively and to analyze and communicate potential risks and opportunities. The associate will execute funding transactions, understand relevant operational processes, and report on the impacts to the company's funding and risk profile.

Global Funding employees interact daily with internal and external constituents. These include business lines, other Treasury functions such as Balance Sheet Management (BSM), Enterprise Capital Management (ECM) and Global Liquidity Management (GLM), internal control partners, regulators, central banks, investors, and other market participants. Global Funding strives to utilize 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. Global Funding is responsible for all aspects of managing its funding programs to support Enterprise liquidity management objectives. The group actively monitors market conditions, investor sentiment, market liquidity, interest rates and Federal Reserve policy actions to support risk management decisions. The funding products executed span wholesale CDs, syndicated CD activity, commercial paper, FHLB advances, repurchase agreements (repos), and bank notes. Implementation of Treasury funding strategies necessitates flawlessly executing transactions with internal and external counterparties in accordance with liquidity constraints, capital constraints, internal risk metrics, 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 broader Treasury organization 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, funding portfolio management (diversification, tenors, investors, etc.), trade execution, managing risk, collateral management, and knowledge of broader money markets.

Key Responsibilities:

• Contribute to the development of wholesale funding strategies that cost effectively meet liquidity needs within defined Enterprise limits and guidelines.
• Actively contribute to the execution of bank wholesale funding plans
• Monitor market conditions and provide assessments of rate markets and applicable risk management strategies.
• Develop thorough understanding of Federal Reserve monetary policy. Analyze impacts to funding markets and bank liquidity as a result of Fed policy actions.
• Perform financial analysis and reporting related to funding and collateral portfolios.
• Identify and implement collateral execution strategies that deliver value to the Enterprise through risk reduction or economic efficiencies.
• Engage with business partners across the Enterprise to assess financial resource objectives and develop funding plans that optimally meet Enterprise targets.
• Ensure that a robust control environment is maintained through compliance with all policies, procedures and directives.
• Identifying and implementing ongoing process improvements to drive process efficiency and ensure activities are accurate and well controlled.

Skills:

• Price Verification and Valuation
• Trading
• Trading and Investment Analysis
• Investment Management
• Problem Solving
• Trade Monitoring
• Trading Strategy
• Business Analytics
• Causation Analysis
• Data and Trend Analysis

Required Qualifications:

• Undergraduate degree with quantitative focus; preferably finance, accounting or statistics major - or, related work experience
• Minimum 2 years treasury, finance, or market facing role (bond math, analytics, balance sheet, cash flows)
• Strong analytical, investigative problem-solving, and decision making skills
• Advanced Excel skills, SQL programming skills, Word and PowerPoint proficiency
• General understanding of markets, liquidity, capital, or market risk constructs
• 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 and as part of a team, with minimal supervision and efficiently prioritize tasks
• Ability to communicate effectively across a broad range of constituents in verbal, written and presentation formats
• 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 Qualifications:

• Familiarity with financial regulatory environment
• Proficiency with Python coding
• Funding planning and market execution experience
• Liquidity or Balance Sheet management experience
• Bloomberg and other market trading and research platforms
• CFA

Shift:
1st shift (United States of America)

Hours Per Week:
40