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Business Product Management Executive

AT Bank of America
Bank of America

Business Product Management Executive

New York, NY

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 Structuring, Origination and UHNW Solutions team ("the Team') is cross-asset solutions unit responsible for originating, structuring, positioning, and executing transactions for both retail and Ultra High Net Worth clients across the Americas. Focus on over-the-counter solutions across asset classes, ranging from interest rate and FX hedging, to hedging and monetization solutions around concentrated stocks. Product range includes vanilla or light-exotic options, as well as more complex solutions involving contingencies, digitals and hybrids. As part of their responsibilities, professionals on the Team develop research-driven strategic and tactical trading ideas; interact with Financial Advisors to provide advice on portfolio hedging and positioning based on client's objectives and risk tolerance; and engage in the structuring, origination, positioning and execution of OTC derivatives and fully funded transactions across all the asset classes. The role involves close partnership with credit, risk, XVA, legal and compliance to design creative tailor-made solutions that best address client needsResponsibilities: The Team is seeking an individual to be responsible for modernizing the platform through the redesign of key processes and parameters to create an industry leading platform to meet the needs of UHNW clients. The ideal candidate will have strong technical OTC derivatives background with cross-asset derivatives skills and a minimum of 7-10+ years of prior experience working in platform development, OTC structuring capacity, and client coverage. The individual is expected to be able originate the previously mentioned solutions; including derivative pricing and execution, term sheet generation, and development of marketing materials and presentations. Additionally, the candidate will need to generate value-add actionable timely ideas based on global economic trends, macro topics, and asset class dynamics, and position them effectively with clients based on their specific needs. Other requirements including being extremely organized and motivated, with strong quantitative, analytical and communication skills. Required Qualifications:At least 10 years of relevant work and analytical experience in the areas described aboveDeep understanding of OTC Derivative markets including market technical, ISDA documentation and credit terms, regulatory capital implications to ensure appropriate platform design, and related trading infrastructureUnderstanding of planning strategies and considerations imperative to servicing UHNW clients (i.e. tax implications of various investment strategies critical for wealth structuring, and credit terms for OTC Derivatives)Multi-tasking and ability to work under pressure.Strong marketing and presentation skillsAbility to work as a team player in a dynamic, fast-paced and collaborative work environment.FINRA registered representative required.Must have SIE and series 7 licenses at time of hire.Very strong quantitative, analytical and communication skills.Desired Qualifications:MS, MBA and/or CFA are desirable but not necessary.Strongly prefer candidates that currently have 63/65, 24 and 66 licenses. Candidates must be willing to obtain these licenses within compliance guidelines.Minimum Education Requirement: Bachelor's degree in related fieldShift:1st shift (United States of America)Hours Per Week: 40

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Client-provided location(s): New York, NY, USA
Job ID: BankOfAmerica-JR-24020751
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • FSA
    • HSA
    • On-Site Gym
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
  • Parental Benefits

    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
  • Vacation and Time Off

    • Leave of Absence
    • Personal/Sick Days
    • Paid Holidays
    • Paid Vacation
    • Sabbatical
  • Financial and Retirement

    • Performance Bonus
    • Company Equity
    • 401(K) With Company Matching
  • Professional Development

    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Tuition Reimbursement
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program