Up to Vice President, Trader II - Corporate Treasury, The CFO Group


Company:: Contact Singapore
Location:: Singapore, SG | United States, US
Job Type:: Full Time



Posted:: 12/15/2012

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Job Description

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.

Responsibilities

Management of ACU(Asia Currency Unit) and DBU(Domestic Banking Unit) books.
Responsible for flawless execution of money market and/ foreign exchange transactions in accordance with the Bank's business strategy and within internal and regulatory limits.
Closely monitor cash flow management and coordinate funding activities with the Desk Head.
Informed on current market developments and trends, to provide analysis and updates of key market movements.
Responsible for the monitoring and full compliance with Internal guidelines such as, Money Position, Net Open Position, Due From Limits, FX Reval and Settlement Limits, Stress and DEAR Limits, among others.
Responsible for the monitoring and full compliance with External and Regulatory guidelines such as the Central Bank's reserve requirement and Single Borrower's Limit, among others.
Interactions with other branches and internal business partners including GLRM(Global Liquidity Risk Management) and Market Risk.
Advise desk head and regional treasury / control personnel of position adjustments and/or discrepancies.
Assist in resolving problems and completing analyses by referring to standard procedures and general trading practices.
Prepare sensitivity analysis/reports on MM and FX transactions and other Treasury reports

Requirements

Relevant experience of at least 5 to 8 years in Money Market/FX activities.
Money Market nostros management in both ACU & DBU.
Sound knowledge of Markets, Finance and Economics.
Capable of independent thinking, teamwork and executing routine activities with minimal supervision.

Company Description

Contact Singapore is an alliance of the Singapore Economic Development Board and Ministry of Manpower. It aims to attract global talent to work, invest and live in Singapore. With offices in Asia, Europe and North America, Contact Singapore is the one-stop centre for those who wish to pursue a rewarding career in Singapore, as well as individuals and entrepreneurs who are keen to invest in or initiate new business activities here. Contact Singapore actively links Singapore-based employers with global talent and provides updates on career opportunities and industry developments in Singapore. We work with public and private sector partners to facilitate the interests of potential individual investors in Singapore.

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