Associate - Trading

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!

Responsibilities:

• Assist team, hedge funds, and private equity funds to structure and negotiate funding transactions.
• Meet with prospective clients to discuss potential funding arrangements.
• Help to maintain risk reporting for direct team and credit risk partners.
• Assist with preparing credit approval materials and presentations for clients and team.
• Evaluate Risk Weighted Asset calculation and implementation for each transaction.
• Streamline asset booking and monitoring process.
• Monitor deal compliance with agreed upon triggers and remain abreast of pipeline information about upcoming deals and prospective clients.
• Collaborate with clients and credit to handle credit concerns about portfolio concentrations.
• Analyse portfolio liquidity and volatility of US leveraged loan market.
• Analyse comparable pricing for new transactions and evaluate impact of alternative deal structures on capital and liquidity treatment.
• Negotiate CLO (Collateralized Loan Obligations) warehouse documentation using Credit Agreement, Preference Share Agreements, Non-disclosure Agreements, and Security / Account Control Agreements with managers, counsel, and equity providers.
• Experience with structuring Total Return Swaps and Private Credit Financing Facilities including Loan Runner booking system, Trade Manager reporting system, and trustee reporting.
• Use broadly syndicated loans and the related data including Moody's, S&P, Fitch, and MarkIt Partners data to analyze underlying collateral using Quartz tools including GCSS Studio to structure financing facilities for key clients meeting their objectives.
• Familiarity with BDC Reporting published on SEC and other sites with ability to review 10-Ks, 8-Ks, and 10-Qs to review comparable transactions.
• Analyze portfolio liquidity and volatility of US leveraged loan market with the ability to pull loan and Total Return Swap time series data from Bloomberg to analyze historical volatility.
• Analyze comparable pricing for similar transactions in Total Return Swaps, Loan to SPV format, and Repo transactions and propose multiple financing solutions to clients depending on fund structure, geographical location, and portfolio profile.

• Bachelor's degree or equivalent in Business Administration, Economics, Mathematics, Finance or related: and
• 2 years of experience in the job offered or a related Finance occupation.
• Must have 2 years of experience in the job offered or a related finance occupation. Must include 2 years of experience in each of the following:
• Negotiating CLO (Collateralized Loan Obligations) warehouse documentation using Credit Agreement, Preference Share Agreements, Non-disclosure Agreements, and Security / Account Control Agreements with managers, counsel, and equity providers;
• Experience with structuring Total Return Swaps and Private Credit Financing Facilities including Loan Runner booking system, Trade Manager reporting system, and trustee reporting;
• Using broadly syndicated loans and the related data including Moody's, S&P, Fitch, and MarkIt Partners data to analyze underlying collateral using Quartz tools including GCSS Studio to structure financing facilities for key clients meeting their objectives;
• Familiarity with BDC Reporting published on SEC and other sites with ability to review 10-Ks, 8-Ks, and 10-Qs to review comparable transactions;
• Analyzing portfolio liquidity and volatility of US leveraged loan market with the ability to pull loan and Total Return Swap time series data from Bloomberg to analyze historical volatility; and,
• Analyzing comparable pricing for similar transactions in Total Return Swaps, Loan to SPV format, and Repo transactions and propose multiple financing solutions to clients depending on fund structure, geographical location, and portfolio profile.
• 5% domestic/international travel required, as necessary.