GPS Liquidity, Deposit

3 weeks ago


New York, United States Bank of America Corporation Full time

Job Description:

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:

* Self-starter who is motivated to identify value-add projects and drive them to completion


* Strategic thinker, intellectually curious, thought leader


* Numerate and analytical - finance or treasury background may provide an advantage


* Ability to successfully develop and maintain collaborative working relationships


* Demonstrated ability to lead, influence and persuade others


* Excellent written and oral communication skills


* Comfortable presenting to and interacting with senior management


* Ability to manage and perform multiple tasks simultaneously


* Ability to connect monetary and fiscal policy to client/business impact


* At minimum, a basic understanding of GTS products and business


* Familiarity with Basel III regulation


* Proficiency in MS Office, Word, Excel and PowerPoint to support analytical and presentation needs



Desired Skills:

* Background in deposit product, deposit pricing, or treasury/finance supporting a deposit-taking business


* Familiarity with modern analytics and visualization tools such as Alteryx and Tableau


* Knowledge of GTS Liquidity products


* Ability to build data-driven models (either using Excel or other tools)


* - Experience with leading and/or mentoring junior talent



Shift:

1st shift (United States of America)

Hours Per Week:

40



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