Prime Brokerage Equities Financing Trading Off-Cycle 2026 Analyst – London

Prime Brokerage - Equities Financing Trading, Off-Cycle Internship

London, UK

About Us

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 are 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 organisation.

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 team:

Our Global Markets Off-cycle Analyst programme gives our interns maximum exposure to the various products within Equities Financing across Physical Prime Brokerage, Stock Loan, Single Name and Index Delta One products.

Programme Overview

Our off-cycle interns participate in a 12 month programme within Equity Financing Trading and Financial Resources Group (FRG). Mirroring the role of full-time traders, this program acts as a unique opportunity to gain exposure to life within the Trading function of Prime Financing working with Stock Loan and Delta One Trading desks. Our trading desk offers synthetic access to clients looking to access global Indices and physical and synthetic access to Equity linked securities listed within the EMEA region. Furthermore, you will work alongside FRG who are responsible for growing and optimising Prime Financing client revenues and clients’ resources footprint within the parameters of the binding constraints of the firm (capital, liquidity, balance sheet).

What you will do during the programme:

• Gain an in-depth introduction to the bank, its culture and global reach, alongside other newly hired analysts.

• Learn from teams of professionals across the bank, whilst working within experienced Trading teams, to enhance knowledge of the products, processes that are employed by the desk whilst developing an understanding on client demands and how we deliver our product.

• Produce in depth risk analysis for the products you cover to assist traders on how we can better optimise our risk management routines

In addition to regular responsibilities, collaborate on exciting and challenging longer-term projects that will continue throughout the internship period, such as identification and implementation of operational efficiency to streamline processes.

Training and Development

Your training and development is our top priority with extensive formal training offered at the start of the programme in addition to on the job support, educational speaker events and mentorship throughout.

Responsibilities

The role encompasses a wide array of responsibilities from:

• Risk management – Working with traders to better understand the risk profile of the book and determine most optimal way of hedging 
• Pricing – Working with traders and FRG to price new business across a broad spectrum of Equity Financing Products.
• Short coverage – Assisting traders on sourcing optimal borrow liquidity considering cost, collateral and capital efficiency to meet firm and client net short obligations.
• Market colour – Providing daily market colour on borrow liquidity and fees across stocks across the EMEA market universe
• Data analysis – assisting in analysing data to understand the book and our clients and help drive STP efficiencies
• Understanding front to back – Working with broader operations and settlements teams to understand entire lifecycle of a trade

Given the off-cycle internship acts as a hiring channel for our Equities Financing Trading graduate program, you will be given responsibilities early and will be relied on to make a significant contribution to the team and to the clients whose relationships you are involved in.

Eligibility

• Candidates are required to be pursuing a degree from an accredited college or university completing a four year degree with a sandwich year in industry built into their course, with a completion timeframe of September 2027 – June 2028. Completion means that you have completed all final exams, coursework, and have no outstanding requirements for graduation. Please note that we reserve the right to request evidence of this completion date before extending an offer.
• Achieved minimum of 112 UCAS point (or equivalent) and on track for a minimum 2:1 degree classification (or equivalent)
• On track for a minimum 2:1 degree classification (or equivalent)
• Must be available to join the programme anytime from June 2026 until June 2027

Candidates who perform well during the internship may be offered full time employment to commence in July 2028; some lines of business may also offer the opportunity of a January or April start date. You must be available to join on one of these start dates if offered, unfortunately we are unable to offer deferrals

What we are looking for

• Applications are accepted from a diverse range of degree disciplines such as the arts and humanities, as well as numerically focused subjects such as economics and mathematics
• Fluency in English is essential and a second European language may also be required for some roles
• You'll need to demonstrate drive, innovation and a genuine interest in the financial markets
• Ability to grasp a wide variety of products and to handle more projects simultaneously
• Team-working, leadership and problem-solving skills, plus creativity are key qualities, as is the ability to work in a fast-paced environment, multi-task and interact with a variety of people
• Demonstrates accountability and productivity
• Displays analytical and problem-solving skills
• Influences decisions and outcomes through effective communication and interpersonal skills
• Promotes cooperation and commitment within a team environment to achieve goals and deliverables
• Demonstrates integrity and ethics by earning other’s trust and respect through consistent honesty and professionalism in all interactions

Our recruitment process

Analyst internship and full-time recruiting takes place on a rolling basis once our applications are open. Assessments often begin before the deadline, so it’s best to submit your application early as this will give you the best chance of being considered for the role.

We care deeply about shaping the world of work to be an equal and inclusive one – and that starts with our recruitment process. We know just how important and valuable it is to have a wide range of skills, backgrounds and experiences shaping our work and ideas. We welcome applicants from all backgrounds, and we’re proud to focus on attracting, retaining and developing diverse talent within Bank of America. Together, we aim to mirror the customers, clients and communities we serve.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, being pregnant or on maternity leave, socio-economic background, responsibilities for dependents, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

What if I need workplace adjustments?

We’re committed to ensuring our online application process provides an equal employment opportunity to all job seekers. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please email juniortalentemea@bofa.com and let us know. We will be more than happy to discuss the support you need, and we will respond to your email within two business days.

We offer a competitive Salary and Benefits package