Up to Vice President, Risk Management Analyst, International Treasury (HK/SG) recruitment
Overview
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.
The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Job Description
The new position reports to the Asia Liquidity Risk Manager. Duties and responsibilities include the following:
Development and review of Stress Tests in the Asia Region -
- Support the development of Stress Tests for Local Branches, including
- discussing the suitability of the Stress Test model assumptions with the Local Treasurers;
- working with Local Treasurers to set up playbooks used in the Liquidity Risk System (LRS);
- assisting Regional / Local Treasurers in identifying and assessing liquidity risk factors when developing funding plans using Stress Test results;
- Support the documentation of Stress Scenarios, the assumptions used in Stress Tests, and the results;
- Conduct regular Stress Test for Local Branches where necessary using LRS; review results with Local Treasurers, and assist in the preparation of results presentation to Branch ALCOs;
- Support development of LRS, including developing new requirements, liaising with systems support on data validity, systems updates and problems.
Supporting the Liquidity Risk Management Function -
- Support regional initiatives, including impact of non-Treasury systems rollout and process changes from new business initiatives;
- Support delivery of Treasury global or regional initiatives in Asia;
- Keep track of regulatory changes and advising Treasury management of their impact;
- Assist in preparation of presentations to risk committees, local regulators and senior management;
- Coordinate updates of Liquidity Risk Policy as well as Contingent Funding Plan for the Asia Region;
- Support the New Product Proposal process to ensure liquidity risk issues are appropriately identified and controlled.
An ideal candidate will have: -
- an understanding of banking and market products;
- background in Treasury funding or analysis of risk;
- experience with stress testing and reporting;
- some background in financial reporting and data analysis;
- project management experience;
- experience in data extracts and use of Excel to create detailed reports;
- be detailed oriented, self-motivated and has a strong intellectual curiosity
This position will be located in either Hong Kong or Singapore.