Senior Asset Liability Associate – International Balance Sheet

Job title:

Senior Asset Liability Associate – International Balance Sheet

Company

Bank of America

Job description

Job Description:Job Title: Senior Asset Liability Associate – International Balance Sheet Management / TAFCorporate Title: Vice PresidentLocation: DublinCompany Overview:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Location Overview:Overlooking the spectacular Iveagh Gardens with access to all amenities in the beating heart of central Dublin is our Park Place office. Travel options include the LUAS, Dublin Bus networks as well as the Dublin Bikes station, positioned just outside our front doors. As part of our commitment to supporting staff travel to and from work in the most sustainable way possible, we also provide tax saver tickets as part of our award-winning benefits package which means getting to work has never been easier.The Team:Balance Sheet Management (BSM) is a division within the CFO group responsible for providing executive management with accurate and timely forecasts of the balance sheet and Net Interest Income (NII). Another critical BSM function is the measurement and analysis of Interest Rate Risk (IRR) using various methods. This information provides the framework that allows the company to position its balance sheet consistently with its risk appetite, and expectations for changes in interest rates.BSM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions. These partnerships focus on the following: (1) balance sheet composition and interest rate risk strategy, (2) strategic planning for the company’s three-year outlook with Corporate Planning and Finance, (3) setting the right strategy to accurately measure the profitability of assets and liabilities to ensure efficient usage of the balance sheet, (4) stress testing the balance sheet under adverse economic scenarios and, (5) producing the balance sheet and NII forecast.The International Balance Sheet Management team is comprised of 26 employees covering a range of expertise including interest rate risk management, stress testing, forecasting, treasury analytics and providing support to all regional treasurers.Role Overview:This role will be responsible for primarily overseeing the forecasting, reporting and analytics of the European entities with a view to understanding how they work and managing key stakeholder relationships within Treasury and CFO. They will play a key role in the local monthly ALCO as well as fulfilling a key consolidations role within our forecasting and reporting function. The successful candidate will also contribute to fulfilling similar obligations across the international spectrum.Responsibilities:Contribute to the successful delivery of monthly reporting routines, forecasting and all disciplines relevant to the Treasury organization. Stakeholders include treasurers, EMEA CFOs and all other functions of Treasury/CFO GroupPoint of contact for BSM stakeholders regarding P&L, balance sheets, EMEA legal entity treasury function, reporting and analytics.Working within the International team to implement and maintain controls for reporting that meets regulatory and internal policy requirements. This will be a collaborative effort requiring contributions across multiple teams and geographic locations, requiring application of project management, communication, and leadership skills.Represent BSM in various regional, international, and global workstreams and committees including the local ALCO, conversations involving EMEA entities and global forums requiring a BSM representative.Proactively develop enhancements to processes and controls to promote efficient and well governed workflows.Contribute to design, development, maintenance and implementation of models, critical use spreadsheets, desk top procedures and other documentation.What we are looking for:Understanding of financial market dynamics and key drivers impacting the Treasury functionBachelor’s Degree or higher (or equivalent experience in Finance, Business, Accounting, Quantitative, or Economics)Proven experience in banking industry with exposure to products driving interest rate and data analyticsExposure to Treasury products (primarily hedging) and an understanding as to how they function within TreasuryExposure to global banking and/or global markets productsComprehension of financial statements in a banking settingExposure to forecasting process and an understanding of the key considerations that go into the processProven experience in data analytics with emphasis on design, testing, and implementation of calculations related to net interest income, cash flows, or risk analyticsExperience working globally and providing leadership across multiple geographiesAbility to drive project goals with minimal oversight including pre-emptive/emerging needs that have significant regulatory impactInquisitive, willing to challenge the status quoSelf-starter to develop and drive the agenda to elevate deliverables and controls with and ability to manage multiple priorities in a time sensitive environmentBenefits of working at Bank of America:IrelandPrivate healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partnerCompetitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons20 days of back-up childcare and 20 days of back-up adult care per annumThe ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.Access to an Employee Assistance Program for confidential support and help for everyday mattersAccess to free counselling through the Employee Assistance Program and virtual GP services through our private health care planAbility to donate to charities of your choice and the bank will match your contributionOpportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland’s most iconic cultural institutions and exhibitions.Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local communityBank of America:Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Expected salary

Location

Dublin

Job date

Wed, 31 Jul 2024 05:37:07 GMT

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