Associate/VP, Trading Strategist, GM Capital and Funding

Bank of America; London; On-site; GBP 50,000 - 100,000; Full time

Job summary

An established industry player is seeking a talented individual to join their Capital and Funding team. This role involves advising on capital and funding requirements while navigating complex regulations. The ideal candidate will possess strong analytical and quantitative skills, enabling them to interpret large data sets and present actionable insights. You will collaborate with senior management and trading staff to optimize financial resources and develop strategies that enhance client transactions. Join this innovative firm to make a significant impact in the financial sector and advance your career in a supportive environment.

Qualifications

• Strong analytical and quantitative skills are essential for this role.
• Experience with risk and booking systems is preferable.

Responsibilities

• Advise senior management on capital and funding regulatory environment.
• Analyze and present capital allocation and liquidity utilization.

Skills

Analytical Skills

Quantitative Skills

Problem-Solving Skills

Data Analysis

Critical Reading

Project Management

Attention to Detail

Tools

Risk and Booking Systems

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. 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 a diverse and 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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

The Capital and Funding team is responsible for understanding, advising on, and optimizing the capital and funding requirements of Bank of America both at the top of the house and at the legal entity level. This understanding has to span the existing regulatory framework such as Basel 3 RWA under both advanced and standardized approaches and the liquidity coverage ratio (LCR), as well as pending regulations including the fundamental review of the trading book (FRTB) and net stable funding requirement (NSFR). This requires the ability to read and understand regulation and how it applies to the business as well as how to interrogate trade data to understand impacts to the business.

Role in the Global Markets Capital and Funding team. Be responsible for working with the product trading lines of business to efficiently deploy scarce financial resources and to help develop appropriate trading strategies. This is to enable our clients to buy and sell financial products, raise funding and manage risk.

• Advise senior management about the current state of the financial resource and/or capital and funding related regulatory environment
• Responsibility for analysing and presenting to management the allocation and drivers of capital, balance sheet and liquidity utilization
• Drive firm wide initiatives to improve financial metric reporting and optimization
• Developing and implementing financial resource management strategy to achieve revenue goals
• Advise business on financial resource and/or regulatory impact of specific transactions
• Review model logic to ensure assumptions reflect market dynamics
• Providing peer analysis, market colour and generating optimization ideas

Required Skills

• Excellent analytical, quantitative and problem-solving skills are required
• Technical skills to digest large data sets and deliver a concise story
• Previous experience with the firm’s risk and booking systems is preferable
• Good critical reading skills in order to digest regulation and understand business impact
• Attention to detail in reviewing calculator and model logic
• Ability to speak with senior trading staff about complex topics
• Demonstrate previous experience managing projects and governance routines
• Anticipating the financial resource requirement of trading businesses