Associate, FICC Trading
Bank of America
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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for performing financial and statistical analyses, conducting research, and participating in specific client and deal teams. Key responsibilities include developing client presentations and structuring and execution activities. Job expectations may include rotating through any of the multiple client management, credit management, and capital raising product areas across Global Corporate and Investment Banking in a sales function.
Desk: Global Short End Trading, Americas Short End Trading
Looking to add an Associate level trader to help support and grow the U.S. Structured Finance Trading strategy
Primary function of this trading seat is to grow franchise, to be a solution provider, risk assessor, and product developer in a client and sales facing capacity with a broad understanding of various fixed income asset classes on a low flow, high degree of complexity business. Short End Trading is a global business with regular frequent interactions with teammates across the globe (UK, France, Hong Kong & Singapore).
Heavy internal interactions expected with technology, market risk, counterparty risk, accounting policy, enterprise capital, legal, treasury and other fixed income lines of businesses. External interactions focused on key institutional clients in the bank, hedge fund, private equity, insurance and asset-manager spaces.
Responsibilities:
- Conducts financial analyses and prepares support documentation for client presentations
- Researches products and services in the market to gain insight into marketing and sales trends
- Supports the trading strategy to build effective client relationships and provide customized products and services to clients
- Participates in due diligence sessions, while communicating and interacting with deal team members
- Assists with sales, trading, and hedging activities and documents key findings for the team
- Development of infrastructure to support new trading products and asset classes for the desk
- Daily aggregation and reconciliation of global P&L
- Assisting with internal approvals for new transactions
- Developing expertise with desk’s trading systems to facilitate a more scalable business
- Hedging of credit, interest rate, FX, funding and counterparty risks inherent in the business
- Contributing to strategy development and transaction execution work
Skills:
- Trading
- Trading Strategy
- Trading and Investment Analysis
- Written Communications
- Analytical Thinking
- Attention to Detail
- Customer and Client Focus
- Fiscal Responsibility
- Research Analysis
- Experience in portfolio and counterparty risk analysis
- Previous experience in interacting with front office trading businesses
- Demonstrated interest in finance and front office role / risk taking
Minimum Education Requirement: Bachelor’s degree in related field or equivalent work experience
Shift:
1st shift (United States of America)Hours Per Week:
40