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Global Markets, Mortgage Trading

Bank of America

Bank of America

New York, NY, USA · United States · Remote
Posted on Jul 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:

This role is a junior level role focusing on a variety of mortgage products, specifically on the Agency Mortgage Structuring and Trading desk. This position is generally the first step into a mortgage trading position on the desk. This is an amazing opportunity to become part of an industry leading team of traders with an investor base which spans the globe.

Role Responsibilities:

  • Assist senior traders in structuring and marketing Agency CMOs (Collateralized Mortgage Obligations)
  • Work with internal and external partners to ensure smooth functioning of the new issue CMO structuring process.
  • Help ensure trades and risks are reflected accurately
  • Run risk reports and reconcile P&L
  • Compile market share and league tables data

Required skills:

  • Have a Bachelor’s Degree or equivalent experience
  • Be comfortable in a fast paced, high volume trading and structuring role
  • Be highly motivated, eager to learn and extremely detail oriented
  • Have a strong analytical and quantitative skillset

Shift:

1st shift (United States of America)

Hours Per Week:

40