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Bank of America

UHNW Sr. Product Specialist - OTC EQ

New York, NY

Job Description:

The Investment Solutions Group (ISG) provides investment solutions, trading capabilities, fiduciary execution, advisor and client support for all Bank of America's wealth channels including Merrill Lynch Wealth Management, BofA Private Bank and Merrill Edge. ISG serves around three and a half million clients and eighteen thousand advisors across these channels. The vision of ISG is to deliver industry leading investment offering and platforms that support wide range of client segments' needs leading to exceptional client outcomes. ISG offers a wide breath and depth across investment solutions, trading and fiduciary execution including traditional investments, alternative investments, personal retirement solutions, impact solutions.

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Job Description:

The Structuring, Origination and UHNW Solutions team ("the Team") is cross-asset structured products unit responsible for originating, structuring, positioning and executing transactions for both retail and Ultra High Net Worth clients based across the Americas. Focus on over-the-counter and securitized cross-asset products with embedded vanilla or light-exotic optionality on equity, commodities, currencies, interest rates and hybrid underlying assets.

As part of their responsibilities, professionals on the Team develop research-driven strategic and tactical trading ideas; interact with Financial Advisors to provide advice on portfolio hedging and positioning based on client's objectives and risk tolerance; and engage in the structuring, origination, positioning and execution of OTC derivatives and fully funded transactions across all the asset classes.

The ideal candidate will have strong OTC Equity Derivatives background with at least partial cross-asset derivatives skills and a minimum of 5 years of prior experience working in both client coverage and OTC derivatives capacity, with strong focus on and Hedging & Monetization preferably.

The successful candidate will be a well-rounded individual who possesses strong quantitative, analytical and communication skills. This person will be responsible for all aspects of the origination and marketing of the previously mentioned products; including preparing term sheets, ideas/marketing materials and presentations; pricing derivatives and executing transactions. The candidate will be extremely organized and motivated, and should have a general knowledge of global economies, macro topics and financial markets

  • Main focus is to facilitate the origination, marketing, pricing, positioning and execution of Equity OTC products, with focus on Hedging & Monetization and other single stock risk management solutions
  • Partial focus in facilitating the origination, marketing, pricing, positioning and execution of other OTC derivatives across different asset classes as well as Market-Linked Investments (Structured Notes).
  • Interact with specialists, financial advisors, trading and structurers on a daily basis to relay market color, research, and trading related information
  • Identify research-driven trading ideas and market opportunities to drive business
  • Liaise and interact with traders to facilitate transactions and provide competitive pricing for clients
  • Conduct marketing presentations in front of large audiences
  • Assist in the on-boarding process of clients
  • Liaise with senior management and members of legal, compliance, trading and research
  • Proactively develop and maintain relationships with financial advisors and clients

Job Requirements:

  • At least 8 to 10 years of relevant work and analytical experience in the areas described above
  • Multi-tasking and ability to work under pressure
  • Strong marketing and presentation skills
  • Ability to work as a team player in a dynamic, fast-paced and collaborative work environment
  • FINRA registered representative with Series 7 and 66 (or 63/65) required at time of hire
  • Strongly prefer candidates with 79 license, or willing to obtain after hire.
  • MS, MBA and/or CFA are desirable but not necessary
  • Excellent Bloomberg and MS Office skills
  • Very Strong quantitative, analytical and communication skills

1st shift (United States of America)

Hours Per Week:

Client-provided location(s): New York, NY, USA
Job ID: BankOfAmerica-JR-23024064
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • FSA
    • HSA
    • On-Site Gym
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
  • Parental Benefits

    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
  • Vacation and Time Off

    • Leave of Absence
    • Personal/Sick Days
    • Paid Holidays
    • Paid Vacation
    • Sabbatical
  • Financial and Retirement

    • Performance Bonus
    • Company Equity
    • 401(K) With Company Matching
  • Professional Development

    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Tuition Reimbursement
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program