Associate - Structuring
Company: Disability Solutions
Location: New York
Posted on: October 25, 2024
Job Description:
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:
- Contribute to the structuring of equities derivative
transactions, including legal structuring, negotiation of
commercial terms and documentation.
- Execute transactions, including coordination of internal
approvals.
- Originate transactions, including Margin Loans, Strategic
Equity Derivatives (including collar financing transactions and
strategic delta one), 40 Act Financing, and Fund of Hedge Fund
Financing (including Fund Linked Derivative transactions).
- Complete internal governance and internal periodic and ad hoc
reporting for the Equity Financing and Solutions desk.
- Onboard new clients and complete KYC items.
- Use Microsoft Excel, including Index-Match, Pivot Tables, VBA,
Name Manager, a variety of formulae, and Bloomberg addin and
produce charts and graphs in order to model different terms for
transactions (including different LTVs, value of collateral, and
commitment notionals), calculate and track trade PnL and capital
returns, and analyze publicly and privately traded companies.
- Produce analyses of corporate financial data including
collateral against its average traded value/volume, market
capitalization, total shares outstanding, debt profile, CDS, Credit
Rating and Profile, profitability and returns, and sector.
- Review and negotiate terms in complex Transaction documentation
(including Facility Agreements, Account Control Agreements,
Security Agreements, Issuer Agreements, Guarantor Agreements, and
Term Sheets).
- Prepare analyses of market risk metrics (including ADTVx,
standard deviations and volatility, CDS, free float concentration,
IRR, and Put/Call ratio) and stress/sensitivity data (including
liquidation analyses and worst historic drawdown).
- Contribute to transactions involving Strategic Equity
Derivatives (including collar financing transactions and strategic
delta one), 40 Act Financing, and Fund of Hedge Fund Financing
(including Fund Linked Derivative transactions).REQUIRED SKILLS &
EXPERIENCE:
- Bachelor's degree or equivalent in Business Administration,
Finance, Economics, or related; and
- 2 years of experience in the job offered or a related finance
occupation.
- Must include 2 years of experience in each of the
following:
- Using Microsoft Excel, including Index-Match, Pivot Tables,
VBA, Name Manager, a variety of formulae, and Bloomberg add-in and
produce charts and graphs in order to model different terms for
transactions (including different LTVs, value of collateral, and
commitment notionals), calculate and track trade PnL and capital
returns, and analyze publicly and privately traded companies;
- Producing analyses of corporate financial data including
collateral against its average traded value/volume, market
capitalization, total shares outstanding, debt profile, CDS, Credit
Rating and Profile, profitability and returns, and sector;
- Reviewing and negotiating terms in complex Transaction
documentation (including Facility Agreements, Account Control
Agreements, Security Agreements, Issuer Agreements, Guarantor
Agreements, and Term Sheets);
- Preparing analyses of market risk metrics (including ADTVx,
standard deviations and volatility, CDS, free float concentration,
IRR, and Put/Call ratio) and stress/sensitivity data (including
liquidation analyses and worst historic drawdown); and,
- Contributing to transactions involving Strategic Equity
Derivatives (including collar financing transactions and strategic
delta one), 40 Act Financing, and Fund of Hedge Fund Financing
(including Fund Linked Derivative transactions).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: 40Pay Transparency
detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER
(NY1100)Pay and benefits informationPay range$175,000.00 -
$175,000.00 annualized salary, offers to be determined based on
experience, education and skill set.Discretionary incentive
eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Brentwood , Associate - Structuring, Other , New York, New York
Didn't find what you're looking for? Search again!
Loading more jobs...