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- Charlotte, NC 28255
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Bank Funding Analyst
Bank of America • Charlotte, NC
Posted 1 month ago
This role is on the Strategic Asset and Liability Management (SALM) team within Treasury; specifically the US Bank and Parent Company Team. The role has responsibility for US Bank Funding Execution and Collateral Management including: transacting in bank liability products such as CDs, bank notes, and repurchase agreements; participating in execution planning and forecasting efforts; managing and pledging collateral to counterparties such as FHLBs and the FRB; and performing ongoing analysis of funding markets, collateral eligibility, and collateral valuation.
SALM employees interact daily with internal and external constituents including business lines, other Treasury functions such as Balance Sheet Management (BSM), Finance, Capital Management and Global Liquidity Management, internal control partners, regulators, market participants and investors. SALM 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. The US Bank and Parent Team are tasked to forecast the sources and uses of funds across the US Bank and Parent (Holdco) taking into account business input and projected market conditions in order to manage effectively 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 constraints, internal guidelines, 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 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 markets & real time liquidity risk management.
- Actively participate in the execution of bank wholesale funding. Balance various factors when sourcing funding including stability, economics, and contingency.
- Contribute to the development of bank wholesale funding strategies that will cost effectively meet liquidity needs within defined enterprise limits and guidelines.
- Monitor and manage collateral for pledging to the FRB, Federal Home Loan Banks (FHLB), and select deposit relationships.
- Ensure sufficient collateral availability to support FHLB advance borrowings and FRB credit facility utilization in both normal and stressed market environments.
- Optimize collateral to maximize borrowing capacity and ensure utilization of cheapest to deliver.
- Monitor daily liquidity risk metrics and conditions affecting the liquidity environment. React appropriately, elevate key risks.
- Understand funding and collateral dynamics through various business cycles. Participate in stress testing, and contingency planning exercises. Analyze market capabilities under various stress scenarios and maintain contingency playbooks.
- Engage with business partners including BSM, GLM, and CFO Risk to analyze balance sheet changes, identify subsequent risks to the liquidity and cash position
- Develop thorough understanding of Federal Reserve monetary policy. Analyze impacts to short-term money market rates and liquidity resulting from changes in Fed policy
- Perform extensive ad-hoc financial analysis related to related to funding and collateral opportunities
- Assist in coordination and completion of both internal and external audits and regulatory related exams
- Ensure that a robust control environment is maintained through compliance with all policies, procedures and directives
Required Skills and Experience:
- Undergraduate degree or related experience with quantitative focus / prefer finance, accounting or engineering major
- Minimum 3-5 years treasury (asset liability management), finance (bond math, analytics, balance sheet, cash flows) or trading (traded or monitored/reported on trading strategies) experience
- Strong analytical, investigative problem-solving, and decision making skills
- Advanced Excel skills; Word and PowerPoint proficiency
- 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, with a team, with minimal supervision and efficiently prioritize tasks
- Ability to communicate effectively across a broad range of constituents in verbal, written and presentation forms
- 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
- General understanding of markets, financial instruments, liquidity and risk
Desired Skills and Experience:
- Familiarity with financial regulatory environment
- Funding planning and execution experience
- Liquidity management experience
- Bloomberg and other market sources
Shift:1st shift (United States of America)
Hours Per Week:40