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.
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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!
RESPONSIBILITIES:
- Contribute to the structuring of equities derivative transactions, including legal structuring, negotiation of commercial terms and documentation.
- Execute transactions, including coordination of internal approvals.
- Originate transactions, including Margin Loans, Strategic Equity Derivatives (including collar financing transactions and strategic delta one), 40 Act Financing, and Fund of Hedge Fund Financing (including Fund Linked Derivative transactions).
- Complete internal governance and internal periodic and ad hoc reporting for the Equity Financing and Solutions desk.
- Onboard new clients and complete KYC items.
- Use Microsoft Excel, including Index-Match, Pivot Tables, VBA, Name Manager, a variety of formulae, and Bloomberg addin and produce charts and graphs in order to model different terms for transactions (including different LTVs, value of collateral, and commitment notionals), calculate and track trade PnL and capital returns, and analyze publicly and privately traded companies.
- Produce analyses of corporate financial data including collateral against its average traded value/volume, market capitalization, total shares outstanding, debt profile, CDS, Credit Rating and Profile, profitability and returns, and sector.
- Review and negotiate terms in complex Transaction documentation (including Facility Agreements, Account Control Agreements, Security Agreements, Issuer Agreements, Guarantor Agreements, and Term Sheets).
- Prepare analyses of market risk metrics (including ADTVx, standard deviations and volatility, CDS, free float concentration, IRR, and Put/Call ratio) and stress/sensitivity data (including liquidation analyses and worst historic drawdown).
- Contribute to transactions involving Strategic Equity Derivatives (including collar financing transactions and strategic delta one), 40 Act Financing, and Fund of Hedge Fund Financing (including Fund Linked Derivative transactions).
REQUIRED SKILLS & EXPERIENCE:
- Bachelor's degree or equivalent in Business Administration, Finance, Economics, or related; and
- 2 years of experience in the job offered or a related finance occupation.
- Must include 2 years of experience in each of the following:
- Using Microsoft Excel, including Index-Match, Pivot Tables, VBA, Name Manager, a variety of formulae, and Bloomberg add-in and produce charts and graphs in order to model different terms for transactions (including different LTVs, value of collateral, and commitment notionals), calculate and track trade PnL and capital returns, and analyze publicly and privately traded companies;
- Producing analyses of corporate financial data including collateral against its average traded value/volume, market capitalization, total shares outstanding, debt profile, CDS, Credit Rating and Profile, profitability and returns, and sector;
- Reviewing and negotiating terms in complex Transaction documentation (including Facility Agreements, Account Control Agreements, Security Agreements, Issuer Agreements, Guarantor Agreements, and Term Sheets);
- Preparing analyses of market risk metrics (including ADTVx, standard deviations and volatility, CDS, free float concentration, IRR, and Put/Call ratio) and stress/sensitivity data (including liquidation analyses and worst historic drawdown); and,
- Contributing to transactions involving Strategic Equity Derivatives (including collar financing transactions and strategic delta one), 40 Act Financing, and Fund of Hedge Fund Financing (including Fund Linked Derivative transactions).
If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.
EMPLOYER: BofA Securities, Inc.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$175,000.00 - $175,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This 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.
Benefits
This 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.