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Treasury Product Manager, Banknotes

Bank of America

Bank of America

Accounting & Finance, Product
Toronto, ON, Canada
Posted on Thursday, January 25, 2024

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. 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!

Job Description

The Global Wholesale Banknotes team is looking for a Treasury Product Manager based in Toronto.

Responsibilities

The duties of this role will include but are not limited to the below:

  • Independently buys and sells (trades) foreign banknotes in accordance with business objectives, client needs and trading limits for Americas with focus on Latin American region based clients

  • Maintains existing banknote client relationships by quoting and booking Banknote transactions, answering incoming client calls and address related issues

  • Supports the Americas team with focus on Latin American region in the maintenance and growth of business in a fast paced, collaborative environment.

  • Maintains a client portfolio and revenue plan for the region.

  • Works with the Global Banknotes Team to analyze economic and market indicators, to project future banknote market dynamics and to determine positioning with clients

  • Works with other key stakeholders such as Treasury, GTS Sales, Credit, Compliance and Operations to manage client relationships, business development and process improvements

  • Participates in assessing client’s business needs and opportunities and deliver solutions that present differentiated Bank of America capabilities

  • Understands and applies the bank’s risk framework

  • Liaises with transportation agents to coordinate shipments

  • Collaborates with vault and operations’ teammates to facilitate end to end delivery

  • Generates reports, analyze data, and prepares summarized commentary

  • Requires flexibility as the banknote trading desk is staffed from 8:00am to 6:00pm on all weekdays, including Canadian public holidays

Required Skills

  • Minimum of 5-7 years of Global International Banking experience

  • Fluency in Spanish both verbal and written is mandatory

  • Familiar with foreign exchange/global transaction services

  • Strong knowledge of foreign currency banknotes and foreign exchange including trading strategies, pricing, market characteristics and transportation logistics

  • Flexible and adaptable to fast paced work environment

  • Able to query, manage, analyze, and draw conclusions from large amounts of data

  • Able to work under pressure, meet deadlines and clearly defined KPI

  • Self-motivated, positive attitude and high energy are a must

  • Able to balance multiple and competing priorities

  • Strong attention to detail, quick learner, superior organizational and task management skills

  • Must have experience with data analytics

  • Must have working knowledge of PowerPoint, Word and Excel

Desired Skills

  • Bachelor’s degree in Finance or Economics

  • Exposure to the International market would be an asset

  • Proficiency in French and/or Portuguese would be an asset

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.