Analyst/Associate, Collateral Analyst - Structuring and Analytics
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!
Job Description:
This job is responsible for performing financial and statistical analyses, conducting research, and participating in specific client and deal teams. Key responsibilities include developing client presentations and structuring and execution activities. Job expectations may include rotating through any of the multiple client management, credit management, and capital raising product areas across Global Corporate and Investment Banking in a sales function.
The Structuring and Analytics group works with the structured products trading and investment banking teams, focused on collateral analysis, structuring and project oriented requests. The candidate would handle collateral and structuring related requests for the residential mortgage business.
Responsibilities:
Conducts financial analyses and prepares support documentation for client presentations
Researches products and services in the market to gain insight into marketing and sales trends
Supports the trading strategy to build effective client relationships and provide customized products and services to clients
Participates in due diligence sessions, while communicating and interacting with deal team members
Evaluate loan tapes: analyze data fields for reasonableness, make intelligent and accurate assumptions about missing information
Work as intermediary between banking and trading on various valuation projects
Present results of analyses clearly to internal and external parties
Streamline and automate processes for repeat and periodic projects
Use proprietary credit and prepayment models to value loans across multiple scenarios
Work with the desk to evaluate results and examine options for best execution
Modeling and structuring new issue transactions and indicative structures for trading desk and third-party clients
Work with rating agencies to optimize structures and understand their rating criteria
Skills:
Business Development
Causation Analysis
Client Management
Critical Thinking
Financial Analysis
Attention to Detail
Customer and Client Focus
Regulatory Compliance
Research Analysis
Risk Analytics
Strong quantitative and analytical thinker
Proficient in Excel and VBA. Experience using CAS (Collateral Analysis System) is a plus
Strong communication and interpersonal skills
Highly detail oriented, ambitious, team player
Well organized with the ability to work independently, learn quickly, handle multiple priorities and firm deadlines
Minimum Education Requirement: Bachelor's degree in related field or equivalent work experience
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.
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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.
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.
