Product Specialist I (Structuring, Origination & UHNW Solutions)

Bank of America

  • New York City, NY
  • $97,500-134,700 per year
  • Permanent
  • Full-time
  • 28 days ago
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 a diverse and 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.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Description:The Structuring, Origination and UHNW Solutions team (“the Team") is cross-asset structured products unit responsible for originating, structuring, positioning, and executing transactions for both retail and Ultra High Net Worth clients based across the Americas. Focus on over-the-counter and securitized cross-asset products with embedded vanilla or light-exotic optionality on equity, commodities, currencies, interest rates and hybrid underlying assets.The successful candidate will be a well-rounded individual who possesses strong quantitative, analytical and communication skills. Prior experience with the origination and marketing of the previously mentioned products; including preparing term sheets, ideas/marketing materials and presentations; pricing derivatives and executing transactions is preferred. The candidate will be extremely organized and motivated, and should have a general knowledge of global economies, macro topics and financial markets.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 asset classes.
  • Will help to execute platform development initiatives aimed at improving the origination processes, drive scale of product utilization and improving the advisor experience.
Qualifications:
  • 2-5 years of prior experience working in client coverage, platform development and/or OTC structuring capacity.
  • Direct experience with structured notes, OTC derivatives background with at least partial cross-asset derivatives skills.
  • Understanding of credit policies and collateral supporting derivatives
  • Multi-tasking and ability to work under pressure.
  • Ability to work as a team player in a dynamic, fast-paced and collaborative work environment.
  • FINRA registered representative with Series 7 & 66 required.
  • MS, MBA and/or CFA are desirable but not required.
Skills:
  • Analytical Thinking
  • Customer and Client Focus
  • Financial Forecasting and Modeling
  • Financial Management
  • Risk Management
  • Causation Analysis
  • Client Management
  • Market Analysis
  • Presentation Skills
  • Relationship Building
  • Data Management
  • Project Management
  • Result Orientation
Shift: 1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$97,500.00 - $134,700.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.

Bank of America