Assistant Vice President/Vice President, Bank Funding Trader Shanghai, China **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/lateral-apac/job/Shanghai/Assistant-Vice-President-Vice-President--Bank-Funding-Trader\_25027197) **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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. 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 Treasury. GF employees interact daily with internal and external constituents including front line units (FLUs), other Treasury functions such as Balance Sheet Management (BSM), Enterprise Capital Management (ECM), 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 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, provide daily rate setting and funding trade execution for designated legal entities in coordination with global partners. + Provide foreign exchange and derivative trade execution for Treasury needs. + Provide liquidity risk counsel and pricing consultation to lines of business (LOBs). + 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 business partners to develop an understanding of future business flows and risks. + Work closely with international peers to coordinate flows and promote efficiency. + 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 and consult with LOB’s on liquidity risk drivers and constraints. + Manage excess liquidity to meet statutory and operational requirements and achieve maximum efficiency. + Balance sheet governance + Monitor changes in assets and liabilities and understand causation. + Work with the FTP group to insure 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 + Participate in technology enhancement projects. + Perform extensive ad-hoc financial analysis related to funding risks and opportunities. + Respond to spontaneous information/reporting requests both internally and from regulators. + Compliance with relevant local and applicable international regulations including Dodd Frank / Volcker rule. **Skills:** + Undergraduate degree with quantitative focus / prefer finance, accounting or engineering major. + Strong understanding of markets, financial statements, liquidity and risk is preferred. + Relevant experience in Money Market /FX activities, Balance Sheet and Liquidity Risk management would be an added advantage. + Strong Excel skills are a must. + Word and PowerPoint proficiency. + Programming skills / process knowledge would be beneficial. + 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. + Communicate clearly and concisely (in both English and Chinese), verbally and in writing, at all levels within the organization. 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, 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 "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.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 . Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.