Bank of America
UHNW Product Specialist (FX & FICC OTC Derivatives)
Bank of America, New York, New York, us, 10261
Overview
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!
Job 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 ("UHNW") clients. As part of their 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 the asset classes.
Job Responsibilities
Execution across a wide range of foreign exchange needs including cash management, hedging and investment strategies
Execute interest rate risk management solutions to address floating rate liabilities associated with commercial real estate or custom lending
Drive strategic projects including improvements to platform, operations and servicing
Preparing term sheets, marketing materials and presentations
Liaise and interact with financial advisors, sales and support partners on a daily basis
Proactively develop and maintain relationships with financial advisors and clients
Acts as the senior product representative on a client team and is solely responsible for all product transactions with key clients
Extensive, in-depth knowledge of product functions and can operate independently in handling transactions. Strong client relationship skills used to control and coordinate all aspects of a transaction, from marketing and documentation to closing. Develops aggressive marketing plans and strategies affecting an entire region or section.
Required Qualifications
At least 8 years of prior experience working in client coverage and/or product management capacity
The ideal candidate will have strong FX, Rates and Commodities background as well as general cross-asset derivatives skills
The successful candidate will be a well-rounded individual who possesses strong quantitative, analytical and communication skills
Understanding of credit policies and collateral supporting derivatives
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
MS, MBA and/or CFA are desirable
FINRA registered representative with Series 7 & 63 required at time of hire or within 120 days of hire
Skills
Analytical Thinking
Customer and Client Focus
Financial Management
Presentation Skills
Risk Management
Business Development
Client Management
Client Solutions Advisory
Market Analysis
Negotiation
Causation Analysis
Financial Forecasting and Modeling
Product Management
Relationship Building
Result Orientation
Shift 1st shift (United States of America)
Hours Per Week 40
Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information Pay range
$165,500.00 - $235,900.00 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.
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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!
Job 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 ("UHNW") clients. As part of their 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 the asset classes.
Job Responsibilities
Execution across a wide range of foreign exchange needs including cash management, hedging and investment strategies
Execute interest rate risk management solutions to address floating rate liabilities associated with commercial real estate or custom lending
Drive strategic projects including improvements to platform, operations and servicing
Preparing term sheets, marketing materials and presentations
Liaise and interact with financial advisors, sales and support partners on a daily basis
Proactively develop and maintain relationships with financial advisors and clients
Acts as the senior product representative on a client team and is solely responsible for all product transactions with key clients
Extensive, in-depth knowledge of product functions and can operate independently in handling transactions. Strong client relationship skills used to control and coordinate all aspects of a transaction, from marketing and documentation to closing. Develops aggressive marketing plans and strategies affecting an entire region or section.
Required Qualifications
At least 8 years of prior experience working in client coverage and/or product management capacity
The ideal candidate will have strong FX, Rates and Commodities background as well as general cross-asset derivatives skills
The successful candidate will be a well-rounded individual who possesses strong quantitative, analytical and communication skills
Understanding of credit policies and collateral supporting derivatives
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
MS, MBA and/or CFA are desirable
FINRA registered representative with Series 7 & 63 required at time of hire or within 120 days of hire
Skills
Analytical Thinking
Customer and Client Focus
Financial Management
Presentation Skills
Risk Management
Business Development
Client Management
Client Solutions Advisory
Market Analysis
Negotiation
Causation Analysis
Financial Forecasting and Modeling
Product Management
Relationship Building
Result Orientation
Shift 1st shift (United States of America)
Hours Per Week 40
Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information Pay range
$165,500.00 - $235,900.00 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.
#J-18808-Ljbffr