Director, FRG Client Optimization & Prime Financing Liquidity

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 LiquidityThe 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 ResponsibilitiesLead strategic engagement with clients on clearing structure, capacity, collateral optimization, and portfolio financing solutions to improve capital efficiency and returnsDefine and execute clearing and optimization strategy across Prime Financing, including CCP engagement and cross-margining opportunitiesIdentify and implement optimization strategies across cleared and bilateral portfolios, including compression, novation, and balance sheet efficiency initiativesApply deep expertise in capital and liquidity frameworks (e.g., SLR, LCR, NSFR, SA-CCR) to inform trading and financing decisionsPartner with Trading, Sales, Account Management, Platform, Risk, and Legal to align on regulatory requirements and deliver scalable financing solutionsEngage with clearing houses, industry groups, and internal stakeholders to navigate market structure changes, rulebook developments, and new product onboardingForecast financing demand, balance sheet usage, and resource requirements to support disciplined growth and portfolio scalabilityContribute to governance, stress testing, and regulatory engagement related to capital, liquidity, and clearing activitiesRequired Skills & ExperienceExtensive experience in Prime Financing, clearing, or capital optimization within Global MarketsDeep understanding of CCP structures, margin methodologies, and collateral optimization strategiesStrong knowledge of capital and liquidity frameworks (SA-CCR, SLR, LCR, NSFR) and their impact on financing businessesProven track record of leading client engagements and delivering financing or optimization solutions across asset classesExperience working with regulatory bodies, industry groups, and internal risk/governance functionsStrong analytical, strategic, and problem-solving capabilities with a focus on improving ROA and balance sheet efficiencyExcellent cross-functional collaboration skills and ability to influence senior stakeholdersEstablished relationships across clearing houses and the broader market infrastructure ecosystemPreferred ProfileBackground in resource management, firm financing strategy, or margin/capital optimizationExperience managing or overseeing global portfolios across equities, fixed income, and derivativesPrior leadership experience with direct team managementExperience15+ years of experience in Global Markets, Prime Brokerage, Financing, or related areasShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$300,000.00 - $300,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.SummaryLocation: New YorkType: Full time