Bank Of America AVP Bank Funding Trader Corporate Treasurer CFO Group 

Philippines, Taguig 

911227514

Responsibilities:

Funding execution

• As per SALM policies and procedures, manage funding for designated legal entities in coordination with global partners
• Execution of trades (FX, Money Market & Securities) for Treasury needs
• Provide liquidity risk counsel and pricing consultation to lines of business (LOBs)
• Manage Local (PHP) and Foreign currency (USD) balance sheet
• Provide daily rate setting as and when required

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
• 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
• Balance various factors when sourcing funding including stability, price, and accessibility in changing conditions

Risk management

• Manage interest rate and liquidity gap 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

• Understand, participate and contribute actively to Operational Excellence
• Monitor changes in assets and liabilities and understand causation
• Work with FTP group to ensure that practices and methodologies drive desired behavior
• Ensure a robust control environment is maintained through compliance with all laws, regulations, policies, procedures and directives.

Other

• Participate in technology enhancement projects
• Perform extensive ad-hoc financial analysis related to funding risks and opportunities
• Respond to spontaneous information/reporting requests both internally and from regulators
• Compliance with relevant local and applicable international regulations including Dodd Frank / Volcker rule
• Treasury back-up at local LMT / ALCO
• Daily Benchmark submission (if applicable)

Skills:

• Undergraduate degree with quantitative focus / prefer finance, accounting, or engineering major
• Treasury Certification – Money Market Module is required
• Relevant experience of 1 -2 years in Money Market / FX activities is preferable
• Experience in Balance Sheet and Liquidity Risk management would be added advantage
• Good working knowledge of money markets, foreign exchange, bond and swap markets combined with a thorough understanding of local regulations
• Good presentation skills (verbal as well as written) – Ability to communicate clearly and concisely (in English), verbally and in writing, at all levels within the organization
• 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
• 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”