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.
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Job Description:
This role is a junior level role focusing on a variety of mortgage products, specifically on the Agency Mortgage Structuring and Trading desk. This position is generally the first step into a mortgage trading position on the desk. This is an amazing opportunity to become part of an industry leading team of traders with an investor base which spans the globe.
Role Responsibilities:
- Assist senior traders in structuring and marketing Agency CMOs (Collateralized Mortgage Obligations)
- Work with internal and external partners to ensure smooth functioning of the new issue CMO structuring process.
- Help ensure trades and risks are reflected accurately
- Run risk reports and reconcile P&L
- Compile market share and league tables data
Skills:
- Be comfortable in a fast paced, high volume trading and structuring role
- Be highly motivated, eager to learn and extremely detail oriented
- Have a strong analytical and quantitative skillset
Minimum Education Requirement: Bachelor's Degree and at least 1 year of experience is preferred
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
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.