Vice President, Securities/Prod Specialist
Bank of America
Vice President, Securities/Prod Specialist
New York, New York
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**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 an 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.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
**Responsibilities:**
+ Prepare client pitch materials, fixed/floating capital structure analysis, currency exposures, economic and market updates.
+ Responsible for trade modeling, execution, booking, and processing.
+ Work alongside senior coverage officers to provide interest rate and currency risk management advice to corporate clients.
+ Develop a clear and thorough understanding across a variety of derivatives products such as FX forwards options, cross currency swaps, interest rate swaps, caps, and floors.
+ Work closely with our Relationship Managers, Wholesale Credit, Risk and Global Markets Trading partners.
+ Build/Deepen client relationships through regular contact, including in-person meetings, market updates via phone and email, and client events.
+ Develop new client relationships with a focus on origination.
+ Provide bespoke FX and Rates risk management solutions and structured products ideas to clients in Latin America.
+ Price FX and Rates derivatives including forwards, swaps, and options.
+ Provide relevant market updates and currency color to clients based on geopolitical and macroeconomic landscape using BBG, research, and public information sources.
+ Communicate with senior stakeholders in business, risk, and management on advanced topics in FX and Rates structured products including interest rate and cross-currency swaps to manage currency exposure, yield curve strategies for structured notes, volatility surface modeling in option pricing, and Credit Valuation Adjustment (CVA) impacts on counterparty risk assessment.
+ Analyze various risks including credit, legal, market, reputational, and regulatory risks involved in derivatives transactions, including calculating credit usage, CVA and RWA to meet adequate returns.
**Required Skills & Experience:**
+ Bachelor's degree or equivalent in Economics, Statistics, Finance, Business Administration or related: and
+ 5 years of progressively responsible experience in the job offered or a related Finance occupation.
+ Must have 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:
+ Providing bespoke FX and Rates risk management solutions and structured products ideas to clients in Latin America;
+ Pricing FX and Rates derivatives including forwards, swaps, and options;
+ Providing relevant market updates and currency color to clients based on geopolitical and macroeconomic landscape using BBG, research, and public information sources;
+ Communicating with senior stakeholders in business, risk, and management on advanced topics in FX and Rates structured products including interest rate and cross-currency swaps to manage currency exposure, yield curve strategies for structured notes, volatility surface modeling in option pricing, and Credit Valuation Adjustment (CVA) impacts on counterparty risk assessment; and,
+ Analyzing various risks including credit, legal, market, reputational, and regulatory risks involved in derivatives transactions, including calculating credit usage, CVA and RWA to meet adequate returns.
+ 10% international travel required, 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
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-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 .
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
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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