GPS Liquidity, Deposit & Rate Strategy
Company: Disability Solutions
Location: Charlotte
Posted on: May 2, 2024
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Job Description:
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!The Liquidity Product Team in GPS is
responsible for managing over $500B of corporate and commercial
deposits across -40 different currencies. The team covers deposit
strategy, deposit pricing, deposit appetite, product development
and product management - including sweeps, zero balance accounts,
physical cash concentration and multi-currency notional pooling.
The team also supports large/complex liquidity deals, drives
liquidity thought leadership, analyzes the impact of monetary
policy on wholesale banking and leads the GPS response to
regulatory changes/inquiries.The Deposit & Rate Strategy team is
responsible for developing strategies to optimize net interest
income (NII) while achieving deposit growth/rate paid targets and
supporting the liquidity needs of clients. The team also produces
deposit portfolio analytics and competitive intelligence for senior
leaders at the Bank, in addition to managing the processes and
applications related to client exception rates.The US and most
other major global currencies are entering a declining rate
environment, which creates an opportunity to optimize pricing of
the portfolio and outperform key competitors. GPS's ability to
effectively manage interest expense while growing market share is
critical to the Company's bottom line.This individual will be
responsible for leading analysis of the GTS deposit portfolio,
developing pricing tactics and related execution plans, and working
directly with Sales and Management to ensure that strategic and
financial objectives are achieved. Additionally, this candidate
will assume a lead role in partnering with Finance and Corporate
Treasury in areas such as forecasting, stress testing, and
regulatory advocacy.As an end-to-end product manager, this
individual will also need to maintain day-to-day working
relationships with key partners, such as Operations, Compliance,
and Risk, in addition to coordinating strategy and tactics globally
with regional Liquidity colleagues in APAC, EMEA, and
LATAM.Required Skills:
Keywords: Disability Solutions, Charlotte , GPS Liquidity, Deposit & Rate Strategy, Accounting, Auditing , Charlotte, North Carolina
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