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Charlotte, North Carolina, United States
Onsite
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!
Job Description:
This role is responsible for the implementation of funding and hedging strategies in partnership with Lines of Business stakeholders. Key responsibilities include pricing, executing and recording trades, funding transactions across international entities, ensuring operational cohesiveness and performing investor and dealer analysis. Job expectations include evaluating funding opportunities with partners across the client companies, providing analytics and recommendations to leaders.
This role is on the Global Funding team within Treasury. The role has responsibility for collaborating with the Senior Traders to execute Bank Funding strategies in the wholesale money markets. Responsible for evaluating funding opportunities with business partners, building and preparing analytics, reporting on portfolio activities, and providing recommendations to traders and management. 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 impact to the company’s funding and risk profile.
LOB specific Job Description:
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, 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.
Responsibilities:
Required Qualifications:
Desired Qualifications:
Skills:
Shift:
1st shift (United States of America)Hours Per Week:
40