Liquidity Risk Senior Analyst – Liquidity Governance and Crisis Continuum

Charlotte, North Carolina

Job Description:

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!

Job Description:

This job is responsible for influencing and driving optimal bank-wide liquidity strategies by Lines of Business (LOBs) and legal entity in business as usual (BAU) 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 across the bank.

Global Liquidity Management (“GLM”) is a division of Treasury that is tasked with driving responsible growth through timely and accurate measuring, monitoring, and managing of the enterprise’s liquidity position and by serving as a trusted partner to liquidity stakeholders across the company. Our business partners include Global Funding, Enterprise Capital Management, Finance, Audit, Risk, and Lines of Business. The group works with business units to ascribe limits, guidelines and direction to the business in line with corporate objectives and in accordance with risk appetite statements.

This role will focus on liquidity management and governance processes across the crisis continuum (including contingency funding planning, recovery planning and resolution planning) and support regulatory engagement. Duties and responsibilities will include the following:

• Support development of GLM-owned Financial Contingency and Recovery Plan (“FCRP”) and Resolution Plan content, supporting documentation, regulatory requirements mapping, procedures and senior leadership material preparation

• Partner across Treasury, Enterprise Financial Risk (“EFR”) and Enterprise Scenario Planning and Execution (“ESPE”) to support coordination of FCRP and Resolution Planning activities such as participation in annual exercises, review of contingency options, and preparing materials for governance committees

• Ownership of global contingency funding planning process and supporting activities

• Ownership of the U.S. broker-dealer contingency funding plans

• Support annual assessment of contingency funding planning requirements

• Facilitate international coordination across crisis continuum activities

• Support material preparation for crisis continuum regulatory requests

• Ownership of liquidity related crisis continuum Shared Platform for Interdependent Entity Relationships (“SPIDER”) mapping

• Support monthly U.S. regulatory routines

• Support CLAR and other agency exam routines

• Manage global regulatory tracking and support

The GLM team is composed of approximately 100 employees located in New York, Charlotte, London and Asia.

Responsibilities:

• Measures, analyzes, monitors, and reports on the bank's spot and forecasted liquidity position, provides guidance to business units to improve liquidity position, and supports regulatory and management liquidity reporting

• Oversees processes, risks, and controls and tracks and monitors issues to ensure adherence with policies, risk standards, and compliance with internal and regulatory liquidity reporting requirements

• Partners with other Lines of Business (LOBs) to determine limits, guidelines, and direction, ensuring alignment with overall business objectives and the bank's risk framework

• Monitors liquidity risk trends relating to business activities and correlations between business drivers and liquidity usage and builds out enhanced liquidity reporting

• Reviews liquidity regulations and ensures documentation required for compliance is up to date with regulatory requirements

• Streamlines reporting processes and builds out analytic capabilities using emerging technology (e.g., Alteryx, Tableau, etc.)

• Provides input into monthly and quarterly reporting, disclosures, and presentations for Risk Committees, Board of Directors, and enterprise and local regulators

Skills:

• Analytical Thinking

• Financial Forecasting and Modeling

• Liquidity Management

• Regulatory Compliance

• Reporting

• Attention to Detail

• Benchmarking

• Data and Trend Analysis

• Financial Analysis

• Scenario Planning and Analysis

Required Qualifications:

• BS/BA (Finance/Accounting preferred) - or, related work experience

• Comfort working with Enterprise Corporate Treasury concepts

• Strong communication, coordination and planning skills

• Advanced PowerPoint and writing skills

• Can work independently and creatively manage multiple requests efficiently

• Problem solver/self-starter

Desired Qualifications:

• Stress testing, Recovery and/or Resolution Planning experience

• Ability to interpret, organize and execute upon regulatory guidance

• Comfort with communicating with senior leaders and escalating issues

• Strong communication experience - written & oral

• Initiative focus

• Intellectual curiosity

• Control / Enterprise mindset

• Attention to detail

• 2+ Years of analytical experience with a financial institution

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .