Bank Of America Assistant Vice President/Vice President Bank Funding Trader 

China, Shanghai 

500431548

Responsibilities:

• Funding execution

  • As per GF policies and procedures, provide daily rate setting and funding trade execution for designated legal entities in coordination with global partners.

  • Provide foreign exchange and derivative trade execution for Treasury needs.

  • Provide liquidity risk counsel and pricing consultation to lines of business (LOBs).

• 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.

• Risk management

  • Manage 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 to meet statutory and operational requirements and achieve maximum efficiency.

• Balance sheet governance

  • Monitor changes in assets and liabilities and understand causation.

  • Work with the FTP group to insure that practices and methodologies drive desired behavior.

  • Ensure that a robust control environment is maintained through compliance with all laws, regulation, 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.

Skills:

• Undergraduate degree with quantitative focus / prefer finance, accounting or engineering major.

• Strong understanding of markets, financial statements, liquidity and risk is preferred.

• Relevant experience in Money Market /FX activities, Balance Sheet and Liquidity Risk management would be an added advantage.

• Strong Excel skills are a must.

• Word and PowerPoint proficiency.

• Programming skills / process knowledge would be beneficial.

• Strong ability to communicate effectively across a broad range of constituents including seasoned teammates, upper management and disparate business partners.

• Skilled at building and maintaining strong relationships across the enterprise. Ability to deliver a difficult message while maintaining close working relationships.

• Communicate clearly and concisely (in both English and Chinese), verbally and in writing, at all levels within the organization.