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 Clearing & Optimization
The Financial Resources Group (FRG) sits within Prime Finance and focuses on client portfolio financing across cash, swaps, and prime brokerage activity. The team partners closely with Trading, Sales, Account Management, Platform, and Risk to price portfolios, implement optimization strategies, and support revenue growth through data-driven insights and cross-functional collaboration.
The FRG Client Clearing & Optimization role supports client portfolio financing and clearing solutions across synthetic and prime brokerage activity. The role focuses on improving profitability, resource efficiency, and client outcomes across the Prime Financing franchise.
- Engage directly with clients on capacity, collateral composition, and portfolio optimization opportunities to drive profitability and deepen relationships
- Define client strategy for Prime Financing clearing activities
- Apply knowledge of capital ratios and margin methodologies to identify and execute optimization opportunities
- Leverage expertise in regulatory and internal liquidity modeling to support portfolio and book-level optimization
- Collaborate across Trading, Sales, Account Management, Platform, Risk, and other Global Financing teams to deliver on business priorities
- Forecast business growth, financing demand, and resource requirements to support scalable growth and disciplined planning
- Highly analytical and detail-oriented mindset
- Strong understanding of accounting principles and Prime Financing business
- Established relationships with clearing houses and industry groups
- Proficiency in 15c3 customer protection rules and equity financing liquidity and capital frameworks
- Extensive experience working directly with clients on execution and optimization strategies
- 15–20 years of experience in Global Markets or related role
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - 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.Skills Required
- Highly analytical and detail-oriented mindset
- Strong understanding of accounting principles and Prime Financing business
- Established relationships with clearing houses and industry groups
- Proficiency in 15c3 customer protection rules and equity financing liquidity and capital frameworks
- Extensive experience working directly with clients on execution and optimization strategies
- 15-20 years of experience in Global Markets or related role
Bank of America Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bank of America and has not been reviewed or approved by Bank of America.
-
Fair & Transparent Compensation — Pay practices are framed as structured and backed by regular pay-equity analysis, which creates a sense of consistency even when higher pay is desired.
-
Pay Growth & Progression — A high U.S. hourly pay floor of $25/hour is positioned as a meaningful baseline for frontline and support roles, improving perceived competitiveness at the lower end.
-
Parental & Family Support — Parental leave, family-planning reimbursement, backup care, and “Life Event Services” are presented as substantial supports that strengthen the overall rewards package.
Bank of America Insights
What We Do
We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth. Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
Gallery
