Bank Funding Trader Cfo Group jobs at Bank Of America in Japan, Tokyo

Responsibilities:

Funding execution

• As per Global Funding policies and procedures, manage funding for designated legal entities in coordination with global partners
• Execution of trades (including FX, Money Market & Government securities ) for Treasury/LOB needs
• Manage liquid asset buffers
• Maintain market contacts (internal / external) for liquidity management
• Provide liquidity risk counsel and pricing consultation to lines of business (LOBs)
• Manage Local (Japan) and Foreign currency balance sheets
• Monitor conditions affecting the local and global funding environment and react appropriately

Funding forecasting

• In concert with local and enterprise partners, analyze business plans and forward balance sheet for designated legal entities and develop an appropriate funding plan
• Work with business partners to develop an understanding of future business flows and risks (Including GPS, CBK, FICC, Equities)
• Work closely with international peers to coordinate flows and promote efficiency
• Investigate and correct forecast misses in order to minimize future variance
• Manage liquidity and applicable ratios e.g. LCR / NSFR / Internal liquidity metrics
• Balance various factors when sourcing funding including stability, price, and accessibility in changing conditions

Risk management

• Manage interest rate and liquidity risks within established metrics consistent with the company’s risk appetite
• Hedge interest rate and foreign exchange exposures where necessary per policy
• Be a subject matter expert and consult with LOB’s on liquidity risk drivers and constraints
• Manage excess liquidity; adhere to statutory and operational requirements to achieve maximum efficiency
• Understand inter-linkages and implications of local regulations especially relating to cross- border funding

Balance sheet governance

• Monitor changes in assets and liabilities and understand reasons for change
• Provide input to Funds Transfer Pricing to ensure that FTP drives behaviour consistent with corporate goals.
• Ensure that a robust control environment is maintained through compliance with all policies, procedures and directives
• Act as delegate when required to represent Corporate Treasury at local Treasury regional management meetings/ALCOs

Initiative Management

• Participate in operational excellence initiatives in order to reduce risk, enhance accuracy and increase efficiency
• Participate proactively in technology enhancement projects in support of operational excellence initiatives
• Participate and support Enterprise employee engagement principles and initiatives

Other

• Collaborate extensively with Global Funding peers as well as support partners in Finance, Risk Management and Operations
• Present to senior management on a variety of asset and liability management topics
• Monitoring of global financial markets and providing market updates to global partners
• Respond to requests from local regulators
• Identify and implement process improvements
• Be a champion for adopting new technologies
• Participate in regional / global funding projects and initiatives

Skills:

• Fluent in English and Japanese (verbal and written)
• Undergraduate degree – prefer with quantitative focus / economics, finance, accounting, or engineering major
• Relevant experience in Money Market / FX activities would be highly beneficial (but not essential providing strong drive to learn)
• Experience in Balance Sheet and Liquidity Risk management would be highly beneficial (but not essential providing strong drive to learn)
• Good working knowledge of money markets, foreign exchange, bond and swap markets
• Strong ability to communicate effectively across a broad range of constituents including seasoned teammates, upper management and disparate business partners.
• Strong Excel skills / Word and Powerpoint proficiency are a must . Experience in Bloomberg will be an added advantage.
• Good presentation skills (verbal and written)
• Programming experience will be an added advantage
• Ability to deliver a difficult message while maintaining close working relationships.
• Creative problem-solving skills and orientation
• A genuine interest in financial markets / a drive to “win”