Bank Funding Trader-FX Hedging (CFO)

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!

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.

Global Portfolio Risk Management (FX Hedging Team) is looking for an analyst to learn and execute enterprise efficient hedging strategies, help ensure risk positions and settlement activity remain accurate and well controlled, develop ability to understand how global economics impact foreign currency and interest rate markets, deepen understanding of the Global Funding organization, and connect how Enterprise priorities help us to be more efficient and effective driving responsible growth and creating shareholder value.

Responsibilities:

• Monitors market conditions, providing reporting and analytics of Foreign Exchange (FX) and Non-USD interest rate markets and applicable portfolio and risk management strategies.
• Conducts research and can clearly articulate a market perspective across FX, Rates, Repo and other markets related to funding as well as asset and liability management.
• Develops thorough understanding of Central Bank monetary policy globally; analyzes impacts to short-term money market rates and liquidity resulting from changes in policy.
• Develops, optimizes, and executes funding/hedging strategies and transactions.
• Participates in Line of Business cash and liquidity forecasting routines to identify risks and ensure compliance within relevant liquidity risk limits and guidelines.
• Performs extensive ad-hoc financial analysis related to funding risks and opportunities and/or designs, implements and enhances quantitative models.
• Identifies and implements ongoing process improvements to drive process efficiency and ensure activities are accurate and well-controlled.

Required Qualifications:

• Minimum 2 years’ experience in banking industry
• Advanced Excel, modeling, and comfort working with large data sets

Desired Qualifications:

• Foundational knowledge of FX, Interest Rate markets, and Portfolio Management concepts
• Bachelor’s degree in finance, economics or engineering
• Market execution/FX trading experience
• Familiarity with Bank systems, derivative regulations and Bloomberg software
• Strong interpersonal and communication skills with demonstrated experience of working collaboratively and influencing across multiple stakeholder groups.
• Experience with providing reporting and submitting data for senior level management reporting, or similar types of reporting.
• Innovative team player who can generate new and creative ideas to complex problems.
• Self-starter with the ability to work with limited supervision.
• Passion to learn and positive attitude to navigate stressful and unexpected market environments.
• Knowledgeable of Bank balance sheet and legal entity structure
• Basic python/SQL knowledge and experience, or strong desire to learn.
• Foster a culture of teamwork and winning together.

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
• Research Analysis
• Financial Analysis
• Python / SQL
• PowerPoint and Excel

Shift:

Hours Per Week: