Director, FRG Client Optimization & Prime Financing Liquidity

Bank of America; New York (NY); On-site; USD 270,000 - 330,000; Full time

Job summary

Bank of America in New York seeks a Director in the FRG Client Optimization & Prime Financing Liquidity to drive capital and liquidity efficiency across cleared and bilateral activity, coordinating with Trading, Sales, Risk, and Legal.

This senior role focuses on optimizing client portfolio financing, advancing clearing strategy, and delivering measurable profitability improvements, with emphasis on client liquidity attribution and stress testing coordination.

Qualifications

• Extensive experience in Prime Financing, clearing, or capital optimization.
• Deep understanding of CCP structures and collateral optimization.
• Knowledge of SA-CCR, SLR, LCR, NSFR and their financing impact.
• Proven track record leading client engagements across asset classes.
• Experience with regulatory bodies and internal risk functions.
• Strong analytical and strategic problem-solving focused on ROA.
• Excellent cross-functional collaboration and senior-stakeholder influence.

Responsibilities

• Lead client engagements on clearing structures and portfolio financing.
• Define and execute clearing and optimization strategy across Prime Financing.
• Identify optimization across cleared and bilateral portfolios.
• Apply capital and liquidity frameworks to inform decisions.
• Coordinate with Trading, Risk, Legal to meet regulatory needs.
• Engage with clearings, industry groups, and internal stakeholders.
• Forecast financing demand and balance sheet usage to support growth.

Skills

Prime Financing

Clearing

Capital optimization

Regulatory frameworks

Client engagement

Cross-functional collaboration

Stakeholder influence

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 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!

Director, FRG Client Optimization & Prime Financing Liquidity

The Financial Resources Group (FRG) sits within Prime Finance and focuses on optimizing client portfolio financing across cleared and bilateral activity, including cash, swaps, and prime brokerage. The team partners closely with Trading, Sales, Account Management, Platform, and Risk to drive capital-efficient growth, enhance returns, and deliver strategic financing solutions.

The FRG Client Optimization & Prime Financing Liquidity role is a senior position focused on client-facing optimization initiatives across synthetic and prime brokerage activity. This role is centered on improving capital and liquidity efficiency, advancing clearing strategy, and delivering measurable profitability enhancements across the Prime Financing franchise. In addition, there will be a key focus on client liquidity attributions and coordination with Global Liquidity Management team on stress liquidity usage for the business.

Key Responsibilities

• Lead strategic engagement with clients on clearing structure, capacity, collateral optimization, and portfolio financing solutions to improve capital efficiency and returns
• Define and execute clearing and optimization strategy across Prime Financing, including CCP engagement and cross-margining opportunities
• Identify and implement optimization strategies across cleared and bilateral portfolios, including compression, novation, and balance sheet efficiency initiatives
• Apply deep expertise in capital and liquidity frameworks (e.g., SLR, LCR, NSFR, SA-CCR) to inform trading and financing decisions
• Partner with Trading, Sales, Account Management, Platform, Risk, and Legal to align on regulatory requirements and deliver scalable financing solutions
• Engage with clearing houses, industry groups, and internal stakeholders to navigate market structure changes, rulebook developments, and new product onboarding
• Forecast financing demand, balance sheet usage, and resource requirements to support disciplined growth and portfolio scalability
• Contribute to governance, stress testing, and regulatory engagement related to capital, liquidity, and clearing activities

Required Skills & Experience

• Extensive experience in Prime Financing, clearing, or capital optimization within Global Markets
• Deep understanding of CCP structures, margin methodologies, and collateral optimization strategies
• Strong knowledge of capital and liquidity frameworks (SA-CCR, SLR, LCR, NSFR) and their impact on financing businesses
• Proven track record of leading client engagements and delivering financing or optimization solutions across asset classes
• Experience working with regulatory bodies, industry groups, and internal risk/governance functions
• Strong analytical, strategic, and problem-solving capabilities with a focus on improving ROA and balance sheet efficiency
• Excellent cross-functional collaboration skills and ability to influence senior stakeholders
• Established relationships across clearing houses and the broader market infrastructure ecosystem

Preferred Profile

• Background in resource management, firm financing strategy, or margin/capital optimization
• Experience managing or overseeing global portfolios across equities, fixed income, and derivatives
• Prior leadership experience with direct team management

Experience

• 15+ years of experience in Global Markets, Prime Brokerage, Financing, or related areas

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range $300,000.00 - $300,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.