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Market Linked Investments Origination Specialist

New York, New York

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:
Typically acts as the secondary coverage for clients. Extensive product knowledge. Interacts with clients to execute complex product transactions that generate significant revenue. Works under direction of more senior associates.

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.

Responsibilities:

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.

The successful candidate will be a well-rounded individual who possesses strong quantitative, analytical and communication skills. Will be responsible for 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.

  • 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
Required Qualifications:
  • At least 2-5 years of relative work experience in financial industry
  • Strong equity derivatives skills and at least 3-5 years of prior experience working in a structured products/OTC derivatives capacity.
  • Demonstrated experience with facilitation of the structuring, origination, positioning and execution of Structured Notes or Market-Linked Investments (Domestic and International)
  • Possess strong quantitative, analytical and communication skills
  • Bachelors degree required
  • FINRA registered representative with Series 7, 63/66 and 79 preferred or ability to be obtained within 120 days
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

Bachelors degree required

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-24027734

Manages People: No

Travel: Yes, 5% of the time

New York pay and benefits information

New York pay range:

$91,600 - $125,300 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.

Street Address

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