Senior Product Specialist - Market Linked Investments at Bank of America
New York, NY 10001
About the Job
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 advisorAs 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 ProficiencyDesired Qualifications:Advanced degree, MS, MBA and/or CFA preferredFINRA licenses 63/66 and 79 (or ability to receive within 120 days from hire date)Skills:Analytical ThinkingCustomer and Client FocusFinancial Forecasting and ModelingMonitoring, Surveillance, and TestingRisk ManagementCausation AnalysisClient ManagementMarket AnalysisProduct Marketing and BrandingRelationship BuildingNegotiationNetworkingPresentation SkillsProduct ManagementMinimum Education Requirement: Bachelors degree requiredShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$171,000.00 - $309,300.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.SummaryLocation: New YorkType: Full time
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 advisorAs 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 ProficiencyDesired Qualifications:Advanced degree, MS, MBA and/or CFA preferredFINRA licenses 63/66 and 79 (or ability to receive within 120 days from hire date)Skills:Analytical ThinkingCustomer and Client FocusFinancial Forecasting and ModelingMonitoring, Surveillance, and TestingRisk ManagementCausation AnalysisClient ManagementMarket AnalysisProduct Marketing and BrandingRelationship BuildingNegotiationNetworkingPresentation SkillsProduct ManagementMinimum Education Requirement: Bachelors degree requiredShift:1st shift (United States of America)Hours Per Week: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$171,000.00 - $309,300.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.SummaryLocation: New YorkType: Full time
