-
Associate - Trading
- Bank of America (New York, NY)
-
Associate – Trading
New York, New York
To proceed with your application, you must be at least 18 years of age.
Acknowledge
Refer a friend
To proceed with your application, you must be at least 18 years of age.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/New-York/Associate---Trading\_25031394-2)
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!
Responsibilities:
+ Assist team, hedge funds, and private equity funds to structure and negotiate funding transactions.
+ Meet with prospective clients to discuss potential funding arrangements.
+ Help to maintain risk reporting for direct team and credit risk partners.
+ Assist with preparing credit approval materials and presentations for clients and team.
+ Evaluate Risk Weighted Asset calculation and implementation for each transaction.
+ Streamline asset booking and monitoring process.
+ Monitor deal compliance with agreed upon triggers and remain abreast of pipeline information about upcoming deals and prospective clients.
+ Collaborate with clients and credit to handle credit concerns about portfolio concentrations.
+ Analyse portfolio liquidity and volatility of US leveraged loan market.
+ Analyse comparable pricing for new transactions and evaluate impact of alternative deal structures on capital and liquidity treatment.
+ Negotiate CLO (Collateralized Loan Obligations) warehouse documentation using Credit Agreement, Preference Share Agreements, Non-disclosure Agreements, and Security / Account Control Agreements with managers, counsel, and equity providers.
+ Experience with structuring Total Return Swaps and Private Credit Financing Facilities including Loan Runner booking system, Trade Manager reporting system, and trustee reporting.
+ Use broadly syndicated loans and the related data including Moody’s, S&P, Fitch, and MarkIt Partners data to analyze underlying collateral using Quartz tools including GCSS Studio to structure financing facilities for key clients meeting their objectives.
+ Familiarity with BDC Reporting published on SEC and other sites with ability to review 10-Ks, 8-Ks, and 10-Qs to review comparable transactions.
+ Analyze portfolio liquidity and volatility of US leveraged loan market with the ability to pull loan and Total Return Swap time series data from Bloomberg to analyze historical volatility.
+ Analyze comparable pricing for similar transactions in Total Return Swaps, Loan to SPV format, and Repo transactions and propose multiple financing solutions to clients depending on fund structure, geographical location, and portfolio profile.
Required Skills & Experience:
+ Bachelor's degree or equivalent in Business Administration, Economics, Mathematics, Finance or related: and
+ 2 years of experience in the job offered or a related Finance occupation.
+ Must have 2 years of experience in the job offered or a related finance occupation. Must include 2 years of experience in each of the following:
+ Negotiating CLO (Collateralized Loan Obligations) warehouse documentation using Credit Agreement, Preference Share Agreements, Non-disclosure Agreements, and Security / Account Control Agreements with managers, counsel, and equity providers;
+ Experience with structuring Total Return Swaps and Private Credit Financing Facilities including Loan Runner booking system, Trade Manager reporting system, and trustee reporting;
+ Using broadly syndicated loans and the related data including Moody’s, S&P, Fitch, and MarkIt Partners data to analyze underlying collateral using Quartz tools including GCSS Studio to structure financing facilities for key clients meeting their objectives;
+ Familiarity with BDC Reporting published on SEC and other sites with ability to review 10-Ks, 8-Ks, and 10-Qs to review comparable transactions;
+ Analyzing portfolio liquidity and volatility of US leveraged loan market with the ability to pull loan and Total Return Swap time series data from Bloomberg to analyze historical volatility; and,
+ Analyzing comparable pricing for similar transactions in Total Return Swaps, Loan to SPV format, and Repo transactions and propose multiple financing solutions to clients depending on fund structure, geographical location, and portfolio profile.
+ 5% domestic/international travel required, as necessary.
If interested apply online at www.bankofamerica.com/careers or email your resume to [email protected] and reference the job title of the role and requisition number.
**Employer** :BofA Securities, Inc.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
-
Recent Jobs
-
Associate - Trading
- Bank of America (New York, NY)
-
Talent Acquisition Specialist (Contract)
- Charles River Laboratories (Reno, NV)
-
Blade Operator
- Bituminous Roadways, Inc. (St. Paul, MN)
-
Production Supervisor II
- Crane Aerospace & Electronics (Lynnwood, WA)