Bank of America Corporation
Bank of America
Analyst - FICC Trading / CPM / Global Loan Portfolio Management (GLPM)
New York, NY, 10176, USA
GLPM is comprised of 25 professionals organized by multiple industry pods across two locations - Charlotte and New York. The group is mandated with managing the risk for a $100 billion corporate loan portfolio through a combination of fundamental credit analysis and the determination of an appropriate hedging strategy.
Modeling & Corporate Finance
Assemble financial models on portfolio companies using public sources such as SEC filings, company conference calls, and press releases.
Conduct financial and industry analysis on portfolio companies to support the team's investment thesis.
Updating financial models quarterly/regularly and ad hoc for material credit events.
Develop and maintain debt comparable sheets for the relevant industry sub-segments.
Learn to understand technical drivers behind CDS and bond pricing, and general market movements.
Perform relative value analysis for debt instruments (bank loans, bonds, CDS) traded across the capital structure.
Incorporate market liquidity views and price new loans originated into the portfolio.
Liaise with GLPM partners in Wholesale Credit, Finance and Middle Office.
Learning the fundamentals of the industry and companies covered by the team.
Researching macroeconomic and sector trends that may impact company/sector trade positions.
Prepare and update insightful credit tearsheets for the assigned portfolio companies on a regular basis.
Articulate investment performance/thesis for discussion with broader team.
Initiating and building relationships with sell-side analysts, traders and corporate investor relations teams.
Developing a network of contacts appropriate to the industry covered.
Attending industry conferences, investor dinners and company meetings
The Analyst position is location in New York, NY
B.S./B.A. degree with demonstrated academic achievement.
Accounting, economics, mathematics or engineering background a plus.
1-2 years of investment banking, research or risk management experience preferred, but not necessary.
Skills and Abilities
Ability to create and maintain financial models.
Ability to work independently and drive toward a completed end product.
Strong attention to detail; exercise strong quality control over own work.
A passion and interest in global capital markets.
**Posting Date** : 02/20/2018
New York, NY, BANK OF AMERICA TOWER, ONE BRYANT PARK,
- United States
**Full / Part-time** : Full time
**Hours Per Week** : 40
**Shift** : 1st shift
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Bank of America Corporation
Website : http://www.bankofamerica.com
Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The companys Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The companys Global Wealth & Investment Management segment provides investment and brokerage, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services; and retirement and benefit plan, philanthropic management, and asset management services. Its Global Banking segment provides various commercial loans, leases, commitment facilities, trade finance, real estate and asset-based loans, and consumer loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. The companys Global Markets segment offers sales and trading services for securities and derivative products in primary and secondary markets; market-making, financing, securities clearing, settlement, and custody services to institutional investor clients; and risk management products. The company was founded in 1874 and is based in Charlotte, North Carolina.