Corporate Banking Associate I

Truist; New York (NY); On-site; USD 158,000 - 193,000; Full time

Benefits offered by this job

Health benefits

401k plan

Paid vacation

Job summary

Truist seeks an experienced investment banker to advise and underwrite IPOs, follow-ons, and private placements, with corporate client coverage across sectors in a pod-based team structure.

The role requires a BA/BS, Series 7/79/63 licenses, 4+ years of related experience, strong financial modeling and leadership, plus excellent communication. Base salary is $175,000 with comprehensive benefits.

Qualifications

• BA/BS degree required.
• Licenses: Series 7 or 79, 63.
• 4 years of related work experience.
• Strong knowledge of investment banking, markets, and financial products.
• Mastery of financial and accounting concepts for complex modeling.
• Strong organizational and leadership abilities.
• Excellent written and verbal communication and relationship management.
• Analytical and sales skills.

Responsibilities

• Advise, manage and underwrite IPOs, follow-ons, equity-linked offerings, ATM offerings, private placements and buybacks.
• Lead by sector vertical pods; MDs/directors supervise with VP/analysts.
• Provide client coverage banking services: corporate finance, capital markets, treasury and payments.
• Support new business development, due diligence and transaction execution.
• Draft internal/external documents and marketing materials; coordinate with clients and attorneys.
• Mentor Analysts or Interns and build cross-functional relationships.

Skills

Investment banking knowledge

Financial modeling

Communication skills

Leadership

Analytical skills

Sales skills

Accounting concepts

Licenses: Series 7/79/63

Education

BA/BS degree

MBA degree, with a Finance focus

Job description

Regular

Language Fluency: English (Required)

Work Shift: 1st shift (United States of America)

Visa Sponsorship Restrictions

For this opportunity, Truist will not sponsor an applicant for work visa status or employment authorization, nor will we offer any immigration-related support for this position. This includes, but is not limited to:

• H-1B
• F-1 OPT
• F-1 STEM OPT
• F-1 CPT
• J-1
• TN-1
• TN-2
• E-3
• O-1
• Future sponsorship for U.S. lawful permanent residence status

Roles and Responsibilities

Advise, manage and underwrite initial public offerings, follow-on offerings, equity-linked offerings, at-the-market offerings, private placements and share repurchases. Team is aligned in a pod structure by sector vertical; managing directors / directors lead each pod and are supported by vice presidents, associates and analysts. Revenue expectation of the business is $75 to $100 million annually. Responsible for providing client coverage banking services to corporate clients, to include corporate finance, capital markets, and treasury and payment solutions, designated by industry vertical, with a focus on mid to large cap-sized private and public companies. Expertise in maximizing client engagement and delivering Truist’s full suite of products and capabilities. Additional responsibilities on internal client management duties as specified by manager and team.

• Plays an integral role in supporting new business development, due diligence, and/or transaction execution.
• Under limited supervision, performs tasks assigned and managed by senior staff, including drafting internal and external documents and marketing materials, executing transactions, as well as working with clients, attorneys, investors, interested parties and/or other senior professionals on a day-to-day basis.
• May coach and mentor Analysts or Interns. Builds cross-functional relationships within CIB.
• Additional responsibilities on internal client management duties as specified by manager and team.

Required Qualifications

• BA/BS degree
• Licenses: Series 7 or 79, 63
• 4 years of related work experience
• Strong knowledge of investment banking, market, industry sector, and/or financial products
• Mastery of financial and accounting concepts to facilitate the creation or review of in-depth financial models involved in transactions
• Strong organizational and leadership skills
• Advanced skills in written and oral communications, and interpersonal relationship management
• Solid analytical and sales skills

Preferred Qualifications

• MBA degree, with a Finance focus
• 6 years of related work-related experience

Salary

The annual base salary for this position is $175,000.

Benefits

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Equal Opportunity Employer

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work