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2021 Veterans Associate Program (VAP)

New York, New York

Job Description:

Program Overview:

The Veterans Associate Program (VAP) is an elite 12-week rotational program designed for recently transitioned Veterans.  The VAP offers Veterans the opportunity to rotate through multiple desks and groups across our Global Banking & Markets (GBAM) and Business Support divisions.  Historical VAP Rotational Placements have included: Investment Banking, Capital Markets, Commercial Banking, Global Transaction Services (GTS), Sales & Trading, Research, Public Finance, Prime Brokerage, Municipal Banking & Markets, Global Wealth Investment Management (GWIM) and Global Risk.

Program Location and Dates:

VAP 2021 takes place in New York City in the Spring in March – May.

Program Structure:

The VAP model is highly engaging and programmatically structured:

  • One week of formal intense technical, organizational structure, divisional/business and soft skill set developmental training
  • Combination of classroom instruction, e-learning modules, educational speaker series, case studies and presentations from/to line of business throughout program
  • Mentorship and access across the entire bank
  • Peer and professional networking throughout the full cycle of the program

Veterans will receive on-the-job training, market compensation and be immersed in day-to-day industry experiences.  The program allows participants to explore new career opportunities in the financial services industry while working at one of the world’s leading financial institutions.  Our Veterans will work on cutting edge-problems and help develop innovative solutions in all aspects of client coverage and deal execution including: 

  • Adhering to the highest degree of professional standards and strict client confidentiality
  • Coordinating the activities of team members and clients with minimal supervision while taking on new responsibilities
  • Building relationships and facilitating the information flow across a wide array of products and businesses
  • Conducting industry and product research, database maintenance and/or writing reports
  • Preparing pitch books, live deal materials and economic and market updates
  • Pitching new business
  • Analyzing detailed corporate and financial information, as well as conducting due diligence
  • Performing complex financial modeling & valuation work (discounted cash flow, pro forma merger, precedent transaction, comparable company analysis, etc.)
  • Idea generation and seeking out new, value-added, and/or unusual sources of information

2021 Program Logistics:

  • Applicants must be available to participate in the full duration of the program in New York City
    • Current geographic deployment is not factored into programmatic approach and design (domestic or abroad)
    • No exceptions will be granted
  • Applicants should consider their long-term career interest in financial services and whether this type of program is best suited to those interests
    • Veterans considering and/or have already applied to business school are encouraged to apply through our MBA Recruiting efforts and will not be considered for this program
    • Veterans seeking immediate hire for open roles at the bank should apply through our Lateral Recruiting efforts and will not be considered for this program
    • A full list of all bank career opportunities can be found at bankofamerica.com/careers
  • Program participants who are extended Full-Time offers must be prepared to begin work on or before Monday, June 7  
    • Veterans may also be required to complete Summer & Full-Time Training in July 2021 as part of Program Management for new incoming Associates
  • Market specific specialized licensing and certification may be mandatory post completion of the program (depending on LOB and role including but not limited to Series 7, 55, 63, 79) 
  • All rotations during VAP and Full-Time placements will either be in the New York or New Jersey regions 

Qualifications:

VAP candidates must demonstrate a combination of relevant experience, ability to multi-task various projects concurrently, adaptability in an ever-changing market driven environment, strong interest in global financial markets, academic aptitude, track record of superior performance in extracurricular and professional activities, and strategic/creative thinking.

Some common driving characteristics we look for include; team focus, decisiveness, initiative, strong work ethic, highly motivated, assertiveness, dynamic, ability to grasp concepts quickly.

Ideal candidates should possess:

  • BS/BA degree (required) with outstanding academic qualifications
  • Complete with Active Military commitment and/or currently serving in the Military Reserves or National Guard required
  • Strong quantitative/analytical skills; numeric and problem solving orientation
  • Organizational skills
  • Attention to detail
  • Distinguished verbal and written communication skills, ability to present complex material in a simple manner
  • Strong interpersonal skills and interest in working with clients (majority of roles are client facing and/or require an interest in facing off with clients)
  • Proficiency in Microsoft Office programs (emphasis on Excel and PowerPoint); and familiarity with market data sources a plus

    Enhancing skills:

  • Degree concentrations in Finance, Economics, Applied Mathematics, Physics, Engineering, Computer Science, Statistics or Finance-related degree desired
  • Understanding of accounting, financial modeling, and corporate finance (job specific)
  • Working knowledge of financial statements
    • Some roles may require knowledge of at least one programming language (including but not limited to Java, C, C++, Scala, Perl, R, Slang, etc.), In these cases, experience in statistics or machine learning a plus
    • Database including NoSQL or column stores and data visualization experience also a plus

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-20036190

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Referral Bonus:

Check out the New York City office

Located in midtown Manhattan, we’re right across from Bryant Park and a short walk to Times Square, Broadway theaters, Grand Central Station, excellent shops and world-class restaurants.

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Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036