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!
Responsibilities
- Provide interest rate and currency risk management advice to large cap clients, including considerations for derivative hedge accounting treatment.
- Perform comprehensive in-depth financial research on companies, sectors, new issue market, general market conditions and trade ideas.
- Prepare client pitch materials, fixed / floating capital structure analysis, and valueat- risk analysis via various analytical methods, including Monte-Carlo Simulation.
- Structuring and execution of transactions via interest rate swaps and options, Treasury trades, inflation derivatives and cross-currency hedges.
- Enhance client relationships through in-person meetings, market updates, client events.
- Collaborate with teams across the entire Bank of America platform to enhance the overall client dialogue and partner on strategic opportunities around M&A, divestitures and financings.
- Originate custom trade ideas to optimize corporate clients' asset and liability, currency and duration mixes.
- Lead junior training to enhance analyst and associate knowledge of interest rate derivatives.
- Proactively reach out to clients when a market opportunity arises.
- Remote work may be permitted within a commutable distance from the worksite.
Required Skills & Experience- Bachelor's degree or equivalent in Management, Business Administration, Finance, Economics or related: and
- 5 years of progressively responsible experience in the job offered or a related Finance occupation.
- Must include 5 years of experience in each of the following:
- Performing comprehensive value-at-risk, efficient frontier, and Monte-Carlo simulation analysis, using implied volatility metrics for both interest rate and foreign exchange, in order to identify exposures and optimize capital structures through interest rate derivative solutions;
- Preparing recommendations on timing, size and structure of interest rate derivative transactions, and ensuring compliance with the latest derivative hedge accounting guidelines, for multinational corporate clients;
- Creating and presenting bespoke client materials, approval memos, and marketing documents, as well as helping corporate clients prepare for board presentations;
- Executing interest rate derivative transactions for large cap corporates, including products such as singlecurrency swaps, option and collar structures, cross-currency swaps, and other bespoke complex derivative trades; and,
- Developing and establishing client relationships by originating new risk management solutions and advising on global market, economic data, and liquidity considerations.
- 10% domestic travel required, as necessary.
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.
Bank of America N.A.
Shift:1st shift (United States of America)
Hours Per Week: 40
Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$275,000.00 - $275,000.00 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.
