Finance Manager - Global Liquidity Management
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!
This job is responsible for driving bank wide liquidity strategies by business and legal entity both in standard and stress scenarios. Key responsibilities include overseeing and influencing liquidity utilization across the organization and providing input into process and control designs, operational risk mitigation, issue management, automation, and other initiatives. Job expectations include implementing regulatory requirements in conjunction with Global Risk, developing and providing liquidity expertise on drivers for businesses and products, and leading liquidity-related projects.
The Role will lead the team covering liquidity management oversight for Bank of America’s US Broker Dealers and FICC Secured Funding globally.
Responsibilities:
- Measures, analyzes, monitors, and reports on spot and forecasted liquidity positions, providing guidance to business units to improve liquidity position, and supporting regulatory and management liquidity reporting
- Oversees processes, risks, and controls, tracking and monitoring issues to ensure adherence with policies, risk standards, and compliance with internal and regulatory liquidity reporting requirements
- Partners with other internal businesses, determining limits, guidelines, and direction, ensuring alignment with overall business objectives and the enterprise risk framework
- Analyzes liquidity risk trends relating to business activities and correlations between business drivers and liquidity usage, building out enhanced liquidity reporting
- Interprets and responds to liquidity regulations, ensuring documentation is in compliance with regulatory requirements.
- Leads presentations and meetings with various risk and management committees, senior management, and/or regulators
- Provides coaching and development opportunities to Analyst teammates
- Partners with FICC to manage secured funding risk across the globe
- Leads the decision making on liquidity positioning for US Broker Dealers
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.
Required Qualifications:
- Minimum Years of Experience:
7+ years in liquidity management, treasury, or financial risk roles and 10+ years in banking - Technical Expertise:
Strong understanding of liquidity risk management, regulatory liquidity requirements (e.g., LCR, NSFR), and broker-dealer funding practices. - Analytical Skills:
Ability to analyze complex financial data, forecast liquidity positions, and interpret regulatory guidelines. - Process & Control Knowledge:
Experience with operational risk mitigation, control design, and issue management. - Communication Skills:
Proven ability to present to senior management, regulators, and risk committees. - Leadership Experience:
Prior experience managing teams or leading projects.
Desired Qualifications
- Advanced Education:
MBA, CFA, or similar financial certification. - Technology Skills:
Familiarity with liquidity reporting tools, automation solutions, and data visualization platforms. - Global Markets Knowledge:
Understanding of global markets. - Regulatory Engagement:
Experience interacting with regulators and responding to regulatory inquiries. - Project Management:
Ability to lead cross-functional initiatives and drive process improvements.
Skills:
- Analytical Thinking
- Financial Forecasting and Modeling
- Liquidity Management
- Regulatory Compliance
- Scenario Planning and Analysis
- Business Acumen
- Data and Trend Analysis
- Policies, Procedures, and Guidelines
- Reporting
- Risk Management
- Critical Thinking
- Financial Management
- Monitoring, Surveillance, and Testing
- Stakeholder Management
- Strategic Thinking
Shift:
1st shift (United States of America)Hours Per Week:
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