Bank Funding Trader

5 months ago

London, United Kingdom Bank of America Full time

**Job Title**: Bank Funding Trader

**Corporate Title**: Assistant Vice President

**Location**: London

**Company Overview**:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us

**Location Overview**:
Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

**The Team**:
A role within Global Funding offers a rewarding, exciting and varied career with the responsibility of managing risk across the global financial markets. The London funding team is a key part of this group, comprising of a diverse group of 17 individuals with complementary skills sets. This team help to shape and execute the financial strategy of the firm and in addition are known for winning awards for connecting their work to the values of the firm, including pushing new boundaries in automation and operational excellence. Over the course of their career the skills a global funding trader will acquire are easily transferable, meaning that mobility across both business and geographical boundaries is readily achievable.

**Responsibilities**:
Funding execution
- Manage daily rate setting and funding trade execution / coordinate with global partners
- Manage Local and Foreign currency (USD) balance sheet, interest rate and liquidity gap risks
- Manage liquidity and applicable local and enterprise ratios e.g. LCR / NSFR
- Balance various factors when sourcing funding including stability, price, and accessibility in changing conditions
- Manage foreign exchange and derivative trade execution as required
- Oversee daily cash and collateral positions and communicate with global partners.
- Provide pricing consultation to lines of business (LOBs)
- Monitor conditions affecting the funding environment and react appropriately
- Foreign exchange and derivative trade execution

Funding forecasting
- Analyse balance sheet forecasts to provide insight on appropriate funding plan
- Work with business partners to develop an understanding of future business flows and associated funding requirements
- Investigate forecast misses in order to minimize future variance

Liquidity risk management
- Monitor daily liquidity risk metrics and escalate key risks
- Contribute to production and enhancement of periodic liquidity risk reporting
- Manage excess liquidity to meet statutory requirements and achieve maximum efficiency

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 LMT / Treasury regional management meetings/ALCOs

Maintenance & development of Critical Risk Processes
- Maintenance of key processes including flash P&L processes, supporting risk activity & analysis
- Preparation of Senior management reporting packs and presentations
- Analysis and communication of performance & risk metrics
- Measurement and monitoring of risk positions
- Automation of repetitive tasks in excel with VBA/ Python

**What we are looking for**:

- Experience within a banking / treasury environment
- Undergraduate degree with quantitative focus e.g., finance/ economics, engineering, mathematics, or technology
- FCA registration not a pre-requisite but required if applicant successful
- Solid tech & pro

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