Bank of America
Product Specialist I (Structuring, Origination & UHNW Solutions)
Bank of America, New York, New York, us, 10261
Overview
Product Specialist I (Structuring, Origination & UHNW Solutions) New York, New York To proceed with your application, you must be at least 18 years of age. Acknowledge Refer a friend To proceed with your application, you must be at least 18 years of age. Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/New-York/Product-Specia..._25010875-2) 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. 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 a diverse and 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Description
The Structuring, Origination and UHNW Solutions 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 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. The successful candidate will be a well-rounded individual who possesses strong quantitative, analytical and communication skills. Prior experience with the origination and marketing of the previously mentioned products; including preparing term sheets, ideas/marketing materials and presentations; pricing derivatives and executing transactions is preferred. The candidate will be extremely organized and motivated, and should have a general knowledge of global economies, macro topics and financial markets. Responsibilities
Professionals on the Team develop research-driven strategic and tactical trading ideas. Interact with Financial Advisors to 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 fully funded transactions across all asset classes. Will help to execute platform development initiatives aimed at improving the origination processes, drive scale of product utilization and improving the advisor experience. Qualifications
2-5 years of prior experience working in client coverage, platform development and/or OTC structuring capacity. Direct experience with structured notes, OTC derivatives background with at least partial cross-asset derivatives skills . Understanding of credit policies and collateral supporting derivatives Multi-tasking and ability to work under pressure. Ability to work as a team player in a dynamic, fast-paced and collaborative work environment. FINRA registered representative with Series 7 & 66 required. MS, MBA and/or CFA are desirable but not required. Skills:
Analytical Thinking, Customer and Client Focus, Financial Forecasting and Modeling, Financial Management, Risk Management, Causation Analysis, Client Management, Market Analysis, Presentation Skills, Relationship Building, Data Management, Project Management, Result Orientation Shift
1st shift (United States of America) Hours Per Week
40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the Know your Rights poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf). View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notic...). Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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Product Specialist I (Structuring, Origination & UHNW Solutions) New York, New York To proceed with your application, you must be at least 18 years of age. Acknowledge Refer a friend To proceed with your application, you must be at least 18 years of age. Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/New-York/Product-Specia..._25010875-2) 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. 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 a diverse and 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Description
The Structuring, Origination and UHNW Solutions 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 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. The successful candidate will be a well-rounded individual who possesses strong quantitative, analytical and communication skills. Prior experience with the origination and marketing of the previously mentioned products; including preparing term sheets, ideas/marketing materials and presentations; pricing derivatives and executing transactions is preferred. The candidate will be extremely organized and motivated, and should have a general knowledge of global economies, macro topics and financial markets. Responsibilities
Professionals on the Team develop research-driven strategic and tactical trading ideas. Interact with Financial Advisors to 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 fully funded transactions across all asset classes. Will help to execute platform development initiatives aimed at improving the origination processes, drive scale of product utilization and improving the advisor experience. Qualifications
2-5 years of prior experience working in client coverage, platform development and/or OTC structuring capacity. Direct experience with structured notes, OTC derivatives background with at least partial cross-asset derivatives skills . Understanding of credit policies and collateral supporting derivatives Multi-tasking and ability to work under pressure. Ability to work as a team player in a dynamic, fast-paced and collaborative work environment. FINRA registered representative with Series 7 & 66 required. MS, MBA and/or CFA are desirable but not required. Skills:
Analytical Thinking, Customer and Client Focus, Financial Forecasting and Modeling, Financial Management, Risk Management, Causation Analysis, Client Management, Market Analysis, Presentation Skills, Relationship Building, Data Management, Project Management, Result Orientation Shift
1st shift (United States of America) Hours Per Week
40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the Know your Rights poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf). View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notic...). Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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