Prime Financing, 2027 1-Year Placement Analyst - London

Prime Financing, Placement 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. 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!

The team:

Our Global Markets Off-cycle Analyst programme gives our interns exposure to the various products within Equities Financing and may include Physical Prime Brokerage, Stock Loan, Single Name and Index Delta One products, Account Management and Financial Resource management.

Programme Overview

Our off-cycle interns participate in a 12-month programme within Prime Financing. Mirroring the role of various full-time employees, this program acts as a unique opportunity to gain exposure to life within Prime Finance, tailored to the skills and profile of the successful candidate(s). This may include Account Management: strengthening relationships with our hedge fund clients through excellent servicing of accounts, seeking commercial opportunities to drive business in the future and proactively spotting efficiency improvements to reduce risks and enhance existing processes; the Trading function of Prime Financing: working with Stock Loan and the Swaps trading desks who offer synthetic access to clients looking to access global Indices and physical and synthetic access to Equity linked securities listed within the EMEA region; and the Financial Resources Group who are responsible for growing and optimizing Prime Financing client revenues and clients’ resource footprint within the parameters of the binding constraints of the firm (capital, liquidity, balance sheet), as well as exposure to other areas of Prime Financing and how it fits into the broader Equities and Markets franchise.

Given the off-cycle internship acts as a hiring channel for our Prime Financing graduate program, you will be given responsibilities early and will be relied on to make a significant contribution to the team and to our client franchise.

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:

As an off-cycle analyst, your key tasks and responsibilities may include but are not limited to:

• Gaining an in-depth introduction to the bank, its culture and global reach, alongside other newly hired analysts.
• Building material relationships through direct interaction with our hedge fund clients whilst servicing accounts efficiently and effectively.
• Learning from teams of professionals across the bank, whilst working within experienced Prime Financing  teams, to enhance knowledge of the products and processes that are employed by the desk whilst developing an understanding of client demands and how we deliver our product. This may include risk and collateral management, regulatory initiatives, finance to ensure we are maximising revenues and returns, and operations to ensure optimal client experience across our systems and platforms.
• 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 color – Providing daily market color on borrow liquidity and fees across stocks across the EMEA market universe
• Data analysis – assisting in analyzing 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
• Producing in depth profitability analysis of your subset of clients to help highlight business growth opportunities and prospective revenue adjacencies.

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.

Eligibility

• Candidates are required to be pursuing a Bachelor’s or Master’s degree from an accredited college or university with a completion time frame between September 2028 and July 2029.  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.
• On track for a minimum 2:1 degree classification (or equivalent)

Candidates who perform well during the internship may be offered full time employment to commence in July 2029; 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 dependants, 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.