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Lead senior trader in Kuala Lumpur focusing on global funding and liquidity at Bank of America.
Own funding execution, risk management, and lead treasury teams across the board.
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description
Global Funding (GF) is one of the key areas within Corporate Treasury. GF employees interact daily with internal and external constituents including front line units (FLUs), other Corporate Treasury functions such as Balance Sheet Management (BSM) / Capital Management (ECM), Corporate Treasury Finance, and Global Liquidity Management (GLM), internal control partners, regulators, market participants and investors. The mission of GF is to ensure Bank of America Corporation and all its subsidiaries are sufficiently funded at all times. The team utilizes its global presence to provide efficient funding strategies across the enterprise in the most cost effective manner, while managing the risks associated with those strategies.
The GF team manages enterprise liquidity and ensures that funding is maintained at levels sufficient to operate in normal and stressed scenarios. We are tasked to forecast the sources and uses of funds across a variety of entities and currencies, taking into account business input, the Corporation’s risk appetite and projected market conditions in order to manage effectively the Corporation’s key cash and liquidity positions. Implementation of our funding and hedging strategies necessitates flawlessly executing transactions with internal and external counterparties in accordance with liquidity and capital constraints, internal guidelines, legal limitations and regulatory directives.
A successful career in Corporate Treasury requires you to think critically about the many challenges facing our company and industry with an emphasis on attention to detail, teamwork and strong communication skills. The Treasury group provides an opportunity to gain broad knowledge about the company and its many businesses as well as the global markets in which we transact. Your day to day experience will be varied and challenging, and will allow you to extend your skills within various disciplines, such as market analysis, short-term money market execution and real-time liquidity risk management.
Responsibilities
Funding execution:
- As per GF policies and procedures, own daily funding trade execution for designated legal entities in coordination with global partners
- Manage Local (MYR) and Foreign currency (USD) balance sheet, interest rate and liquidity gap risks
- Monitor capital markets for signs of stress and elevate funding and liquidity issues
- Optimize funding considering stability, price, risk appetite, and other enterprise factors
- Manage foreign exchange and derivative trade execution for Treasury/Enterprise needs
- Manage liquid asset buffer portfolios
- Execute reverse repo transactions to optimize collateral portfolio
- Provide liquidity risk counsel and pricing consultation to FLUs
Funding forecasting:
- In concert with local and enterprise partners, analyze business plans and forward balance sheet for designated legal entities and develop an appropriate funding plan
- Work with FLUs to develop an understanding of future business flows and risks
- Work closely with international peers to manage offshore MYR flows (if applicable)
- Investigate and correct forecast misses in order to minimize future variance
Risk management:
- Manage risks within established metrics consistent with the company’s risk appetite
- Hedge interest rate and foreign exchange exposures where necessary per policy
- Be a subject matter expert on Treasury topics and consult with FLUs on liquidity risk drivers and constraints
- Manage excess liquidity to meet operational requirements and achieve maximum efficiency
- Interface with local regulators on treasury-related matters (funding, liquidity and risk)
Balance sheet governance:
- Chair the local Asset and Liability Committee (ALCO) and provide guidance to FLUs on balance sheet matters
- Monitor changes in assets and liabilities and understand causation for all currencies funded
- Be a subject matter expert on funds transfer pricing (FTP) and serve as a consultant to FLUs
- Work with the FTP group to ensure that practices and methodologies drive desired behavior
- Ensure that a robust control environment is maintained through compliance with all laws, regulation, policies, procedures and directives.
Other:
- Represent Treasury at LMT (Local Management team) and contribute to strategic initiatives
- Drive training and development for the Malaysia Treasury team
- Participate in technology enhancement projects and enhance operational excellence
- Perform extensive ad-hoc financial analysis related to funding risks and opportunities
- Respond to spontaneous information/reporting requests both internally and from regulators
- Where required, manage interaction with Regulator and other stakeholders
Skills
Undergraduate degree with quantitative focus / prefer finance, accounting or engineering major
Minimum relevant experience of at least 10 years in Money Market / FX activities (including Asset-Liability management and ALCO exposure), with focus on balance sheet, liquidity risk management, IRR analytics, funds transfer pricing, markets or finance.
Advanced understanding of markets, financial statements, liquidity and risk
Strong Excel skills are a must.
Tech Tools:
- Tableau
- Alteryx
- Workiva
Word and PowerPoint proficiency
Ability to lead and manage a team
Strong ability to communicate effectively across a broad range of constituents including seasoned teammates, upper management and disparate business partners.
Skilled at building and maintaining strong relationships across the enterprise. Ability to deliver a difficult message while maintaining close working relationships.
Execution experience in interest rate and foreign exchange products both cash and derivatives
Demonstrated ability to communicate at a management level in English
Desired Skills
An appropriate second language is valuable in nations where English is not the primary language
Creative problem solving skills and orientation
A genuine interest in financial markets / a drive to “win”
Effective communication skills