Liquidity Risk Senior Analyst - Liquidity Governance and Crisis Continuum
Company: Disability Solutions
Location: Charlotte
Posted on: April 20, 2024
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!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 supportThe 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 regulatorsSkills:
- Analytical Thinking
- Financial Forecasting and Modeling
- Liquidity Management
- Regulatory Compliance
- Reporting
- Attention to Detail
- Benchmarking
- Data and Trend Analysis
- Financial Analysis
- Scenario Planning and AnalysisRequired 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-starterDesired 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
institutionShift:1st shift (United States of America)Hours Per
Week: 40
Keywords: Disability Solutions, Charlotte , Liquidity Risk Senior Analyst - Liquidity Governance and Crisis Continuum, Professions , Charlotte, North Carolina
Didn't find what you're looking for? Search again!
Loading more jobs...