Bank Of America Associate/VP Trading Strategist GM Capital Funding 

United Kingdom, England, London 

713150471

Job Description:

Job Description:

The Capital and Funding team is responsible for understanding, advising on, and optimizing the capital and funding requirements of Bank of America both at the top of the house and at the legal entity level. This understanding has to span the existing regulatory framework such as Basel 3 RWA under both advanced and standardized approaches and the liquidity coverage ratio (LCR), as well as pending regulations including the fundamental review of the trading book (FRTB) and net stable funding requirement (NSFR). This requires the ability to read and understand regulation and how it applies to the business as well as how to interrogate trade data to understand impacts to the business.

Role in the Global Markets Capital and Funding team. Be responsible for working with the product trading lines of business to efficiently deploy scarce financial resources and to help develop appropriate trading strategies. This is to enable our clients to buy and sell financial products, raise funding and manage risk.

• Advise senior management about the current state of the financial resource and/or capital and funding related regulatory environment

• Responsibility for analysing and presenting to management the allocation and drivers of capital, balance sheet and liquidity utilization

• Drive firm wide initiatives to improve financial metric reporting and optimization

• Developing and implementing financial resource management strategy to achieve revenue goals

• Advise business on financial resource and/or regulatory impact of specific transactions

• Review model logic to ensure assumptions reflect market dynamics

• Providing peer analysis, market colour and generating optimization ideas

Required Skills

• Excellent analytical, quantitative and problem-solving skills are required

• Technical skills to digest large data sets and deliver a concise story

• Previous experience with the firm’s risk and booking systems is preferable

• Good critical reading skills in order to digest regulation and understand business impact

• Attention to detail in reviewing calculator and model logic

• Ability to speak with senior trading staff about complex topics

• Demonstrate previous experience managing projects and governance routines

• Anticipating the financial resource requirement of trading businesses