Bank of America

Director, Sr Securities/ Product Slsprsn


PayCompetitive
LocationNew York/New York
Employment typeFull-Time

This job is now closed

  • Job Description

      Req#: 23016491

      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!

      RESPONSIBILITIES :

      • Work independently in the distribution of debt or equity products to assigned account base.

      • Develop new business relationships with the bank’s target accounts.

      • Determine which financial products best meet client's investment needs.

      • Develop new approaches to satisfy clients' objectives and market dynamics.

      • Analyze different market relationships and satisfy current market conditions to increase account/market penetration to grow business portfolio.

      • Work with the bank's credit card data, mortgage data, global client flow data, proprietary risk indicators, and open interest with the aim of forecasting general market direction over the short and medium terms.

      • Analyze a variety of quantitative factors including global client flow data, future positioning data, short open interest, and implied volatilities across assets to determine the general direction of the market and sound entry and exit points for different accounts and trades.

      • Provide advice, consultation and market and hedging strategies to the most sophisticated clients of the firm.

      • Negotiate ISDA master agreements and credit support annexes.

      • Assist in cross selling activities by coordinating efforts between various coverage points and identifying gaps.

      • Assess financial statements to review and analyze balance sheets, income statements, subitems such as cash flows, assets & liabilities, and leverage profiles.

      • Use equity trading mechanisms, including market-making, CSA accounts, capital utilization and facilitation to understand profitability of institutional investor clients of the firm.

      • Use financial regulations for US and European equity markets such as the SEC, FINRA, FCA, and Markets in Financial Instruments Directive 2 to analyze legal framework governing securities markets, investment intermediaries, and trading venues.

      • Analyze legal requirements related to the onboarding and off-boarding of client counterparts of the firm (KYC and anti-money-laundering procedures, ISDA agreements, and QIB/rep letters.

      • Follow rules and procedures governing new equity issuance such as IPOs, add-ons, convertibles, rights offerings, and, ABBs to ensure compliance.

      REQUIRED SKILLS & EXPERIENCE :

      • Bachelor’s degree or equivalent in Business Administration, Finance, Economics, or related; and

      • 5 years of progressively responsible experience in the job offered or a related finance occupation.

      • Must include 5 years of experience in each of the following:

      • Assessing financial statements to review and analyze balance sheets, income statements, sub-items such as cash flows, assets & liabilities, and leverage profiles;

      • Using equity trading mechanisms, including market-making, CSA accounts, capital utilization and facilitation to understand profitability of institutional investor clients of the firm;

      • Using financial regulations for US and European equity markets such as the SEC, FINRA, FCA, and Markets in Financial Instruments Directive 2 to analyze legal framework governing securities markets, investment intermediaries, and trading venues;

      • Analyzing legal requirements related to the onboarding and off-boarding of client counterparts of the firm (KYC and anti-money-laundering procedures, ISDA agreements, and QIB/rep letters; and,

      • Following rules and procedures governing new equity issuance such as IPOs, add-ons, convertibles, rights offerings, and, ABBs to ensure compliance.

      • The employer will accept 2 years of Finance experience in lieu of a Bachelor's degree in a stated field.

      • 20% domestic or international travel as necessary.

      If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

      EMPLOYER: BofA Securities, Inc.

      Shift:

      1st shift (United States of America)

      Hours Per Week:

      40
  • About the company

      Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.