Vice President; Product Specialist
New York, New York
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
Understand client requirements and structure Asset Backed Securities transactions accordingly.
Interact with rating agencies, accountants, lawyers, syndicate and trading desks during the execution of the transaction.
Review various offering documents and run the process of getting the same reviewed by accountants and lawyers.
Complete end to end structuring of the transaction and make recommendations on how to improve structural efficiencies of the trade.
Use various software, both inhouse and external, to create the structure that will be distributed to Investors to assist them with their investment decisions.
Provide a detailed comparative analysis of the recommendations for inclusion into client, investor and rating agency presentations.
Interact with issuer and investor clients to explain structural nuances and results.
Price the transaction on behalf of our issuer clients once investors have confirmed the interest.
Build quantitative models to analyze default and prepayment forecasts and use performance modelling to run various rating agency stressed assumptions to help create optimal asset backed structures.
Price asset backed securities transactions and perform pre-deal process with lawyers, accountants, and rating agencies to develop a thorough understanding of various tax, legal and cost of capital considerations.
Collaborate with other functional groups including syndicate, banking during the execution of the transaction.
Use deep understanding of capital markets to help decide the best time to take deals to market and modify deal structures to suit the needs of various institutional investors.
Utilize Intex and Excel in creating Asset Backed Securitization structures and models to create securitization structures and run numerous rating agency stress tests.
Required Skills & Experience
Master's degree or equivalent in Engineering (any), Finance, Math or related; and
3 years of experience in the job offered or a related quantitative occupation.
Must include 3 years of experience in each of the following:
Building quantitative models to analyze default and prepayment forecasts and using performance modelling to run various rating agency stressed assumptions to help create optimal asset backed structures;
Pricing asset backed securities transactions and performing pre-deal process with lawyers, accountants, and rating agencies to develop a thorough understanding of various tax, legal and cost of capital considerations;
Collaborating with other functional groups including syndicate, banking during the execution of the transaction;
Using deep understanding of capital markets to help decide the best time to take deals to market and modifying deal structures to suit the needs of various institutional investors; and,
Utilizing Intex and Excel in creating Asset Backed Securitization structures and models to create securitization structures and run numerous rating agency stress tests.
Up to 5% domestic and 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
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$225,000.00 - $235,000.00 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.
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 and affirmative action, 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 "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
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View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
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 (-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.
To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE .
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. Every effort has been made to ensure the accuracy of this communication. 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.
