Product Specialist I Job at Bank of America Corporation, New York, NY

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  • Bank of America Corporation
  • New York, NY

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!

The Market-Linked Investments Structuring & Origination 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 (“UHNW”) 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.

Job Responsibilities:

  • Develop research-driven strategic and tactical trading ideas; provide advice on portfolio hedging and positioning based on client’s objectives and risk tolerance
  • Engage in the structuring, origination, positioning and execution of OTC derivatives and/or Structured Notes/Market-Linked Investments.
  • Facilitate the structuring, origination, positioning and execution of Structured Notes or Market-Linked Investments (Domestic and International)
  • Develop and maintain strong relationships with Global Markets trading/structuring partners, third party issuers and hedge providers
  • Partner to help drive modernization work of our MLI platform, helping to transform our origination process and FA experience
  • Partner with internal sales specialists to optimize the adoption and distribution of products
  • Interact with trading, internal sales and financial advisors on a daily basis to relay market color, research, and trading related information
  • Identify research-driven trading ideas and market opportunities to drive business
  • Liaise and interact with traders to facilitate transactions and provide competitive pricing for clients
  • Manage secondary market of market-linked structures
  • Liaise with key partners including members of legal, compliance, trading and research
  • Proactively develop and maintain relationships with financial advisors

Skills:

  • Analytical Thinking
  • Financial Forecasting and Modeling
  • Presentation Skills
  • Relationship Building
  • Risk Management
  • Causation Analysis
  • Client Management
  • Market Analysis
  • Monitoring, Surveillance, and Testing
  • Product Marketing and Branding
  • Business Analytics
  • Data Visualization
  • Networking
  • Product Management

Qualifications:

  • 2-5+ years of prior experience working in a structured products/OTC derivatives capacity.
  • Experience with equity derivatives
  • Strong quantitative, analytical and communication skills.
  • Providing all aspects of the origination and structuring including preparing term sheets/prospectuses, marketing materials and presentations; pricing equity derivatives, executing transactions and coordinating the booking of transactions with relevant support departments.
  • Organized, motivated and should have a general knowledge of global economies and financial markets.
  • Will require FINRA registration with SIE, Series 7, 63/66 and 79 within 120 days of hire

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Job Tags

Full time, Shift work, Day shift,

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