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Bank of America
New York, NY | Full Time
$74k-98k (estimate)
3 Weeks Ago
Senior Product Specialist - Market Linked Investments
Bank of America New York, NY
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$74k-98k (estimate)
Full Time | Banking 3 Weeks Ago
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Bank of America is Hiring a Senior Product Specialist - Market Linked Investments Near 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!

Job Description:

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. Total transacted notional outstanding over $11 billion generating more than US$250 million in revenues per annum to the firm.

Responsibilities:

Facilitate the structuring, origination, positioning and execution of Structured Notes or Market-Linked Investments (Domestic and International) and OTC products including pricing of cross asset derivatives.

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 advisor

  • As part of their responsibilities, professionals on the Team develop research-driven strategic and tactical trading ideas; 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/or Structured Notes/Market-Linked Investments.

Required Qualifications:

At least 7 years of relevant work and analytical experience in the areas described above

Ability to identify, prioritize and execute timely business tasks

Multi-tasking and ability to work under pressure

Strong marketing and presentation skills

Ability to work as a team player in a dynamic, fast-paced and collaborative work environment

FINRA registered representative with Series SIE, 7, required at time of hire.

Excellent Bloomberg and MS Office skills

Strong quantitative, analytical and communication skills.

Candidate will be required to complete the NFA’s Swaps Proficiency

Desired Qualifications:

Advanced degree, MS, MBA and/or CFA preferred

FINRA licenses 63/66 and 79 (or ability to receive within 120 days from hire date)

Skills:

  • Analytical Thinking
  • Customer and Client Focus
  • Financial Forecasting and Modeling
  • Monitoring, Surveillance, and Testing
  • Risk Management
  • Causation Analysis
  • Client Management
  • Market Analysis
  • Product Marketing and Branding
  • Relationship Building
  • Negotiation
  • Networking
  • Presentation Skills
  • Product Management

Minimum Education Requirement: Bachelors degree required

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$74k-98k (estimate)

POST DATE

05/02/2024

EXPIRATION DATE

06/30/2024

WEBSITE

bankofamerica.com

HEADQUARTERS

FARMINGTON, NM

SIZE

>50,000

FOUNDED

1968

CEO

LINDA BOYCE

REVENUE

>$50B

INDUSTRY

Banking

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About Bank of America

Bank America is an insurance company based out of P.O. BOX 15292, Richmond, Virginia, United States.

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