Product Specialist I
Bank of America
Product Specialist I
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!
**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.
**Job Responsibilities:**
+ Develop research-driven strategic and tactical trading ideas; provide advice on portfolio hedging and positioning based on client’s objectives and risk tolerance
+ Engage in the structuring, origination, positioning and execution of OTC derivatives and/or Structured Notes/Market-Linked Investments.
+ Facilitate the structuring, origination, positioning and execution of Structured Notes or Market-Linked Investments (Domestic and International)
+ 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 advisors
**Skills:**
+ Analytical Thinking
+ Financial Forecasting and Modeling
+ Presentation Skills
+ Relationship Building
+ Risk Management
+ Causation Analysis
+ Client Management
+ Market Analysis
+ Monitoring, Surveillance, and Testing
+ Product Marketing and Branding
+ Business Analytics
+ Data Visualization
+ Networking
+ Product Management
**Qualifications:**
+ 2-5+ years of prior experience working in a structured products/OTC derivatives capacity.
+ Experience with equity derivatives
+ Strong quantitative, analytical and communication skills.
+ Providing all aspects of the origination and structuring including preparing term sheets/prospectuses, marketing materials and presentations; pricing equity derivatives, executing transactions and coordinating the booking of transactions with relevant support departments.
+ Organized, motivated and should have a general knowledge of global economies and financial markets.
+ Will require FINRA registration with SIE, Series 7, 63/66 and 79 within 120 days of hire
**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 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.
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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.
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