Analyst/Associate, Structured Product Valuation

Bank of America; New York (NY); On-site; USD 70,000 - 175,000; Full time

Job summary

An established industry player is seeking a talented individual to join their dynamic team in Fixed Income Securities Pricing. This role offers the opportunity to engage in financial analysis, support trading strategies, and provide customized solutions for clients. You'll collaborate with various teams to evaluate complex securities and contribute to impactful client relationships. With a strong emphasis on analytical skills and client management, this position is perfect for someone looking to make a significant impact in the financial sector. Join a company that values diversity, growth, and community involvement, and take your career to the next level!

Benefits

Paid Time Off

Industry-leading benefits

Discretionary incentive eligibility

Qualifications

• Bachelor's degree or equivalent experience required.
• Strong analytical skills and proficiency in Excel essential.

Responsibilities

• Conduct financial analyses and prepare documentation for client presentations.
• Evaluate valuations for various securities and assist with trading activities.
• Gather market data and develop procedures for client delivery.

Skills

Analytical Skills

Interest in Fixed Income Securities

Bloomberg

Microsoft Excel

VBA and Automation Skills

Client Management

Critical Thinking

Research Analysis

Risk Analytics

Financial Forecasting and Modeling

Presentation Skills

Education

Bachelor’s degree in related field

Tools

Microsoft Excel

Bloomberg

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. 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 a diverse and 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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

PriceServe – Fixed Income Securities Pricing:
PriceServe is a fast-growing business at Merrill that helps to value clients’ portfolios. Customers (including hedge funds, money managers, mutual funds, banks, and insurance companies) pay PriceServe to provide high-quality, informed valuations for securities and loans in their portfolio. The need for transparency and disclosure has become increasingly important to institutional investors. PriceServe uses fundamental analysis and in-depth understanding of deal structure on ABS/RMBS/CLOs along with market color in its valuations. Evaluators work closely with Trading and Research to provide customized solutions to our clients.

Job Responsibilities:

• Conduct financial analyses and prepare support documentation for client presentations.
• Research products and services in the market to gain insight into marketing and sales trends.
• Support the trading strategy to build effective client relationships and provide customized products and services to clients.
• Participate in due diligence sessions, while communicating and interacting with deal team members.
• Assist with sales, trading, and hedging activities and document key findings for the team.
• Evaluate valuations for Mortgage-backed securities, Asset-backed securities, Structured Products, CLOs, and Corporate credit, with an emphasis on harder-to-value securities.
• Work with the structured product trading desks to gather trading prices, spreads, and other pricing data.
• Develop understanding of deal and waterfall structure and collateral risks and attributes.
• Select appropriate prepayment and default scenarios to correctly value securities and run cash flows on securities.
• Discuss assumptions and cash flows with clients and respond to client pricing disagreements.
• Gather and organize market data to be used in bond valuation work.
• Utilize research and research models to analyze loss and prepayment assumptions.
• Develop procedures to meet deadlines and to facilitate client delivery and quality control.
• Pursue missing or incomplete data from research and trading desks.

Skills Required:

• Strong analytical experience.
• Interest in Fixed Income securities.
• Some experience with Bloomberg.
• Highly proficient in using Microsoft Excel, strong preference for VBA and other automation skills.
• Ability to work under time pressure and to meet stringent deadlines.
• Ability to understand a financial offering circular and trustee report.
• Causation Analysis.
• Client Management.
• Critical Thinking.
• Research Analysis.
• Risk Analytics.
• Financial Forecasting and Modeling.
• Presentation Skills.
• Research.

Minimum Education Requirement: Bachelor’s degree in related field or equivalent work experience.

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details:
Pay range $70,000.00 - $175,000.00 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.