Vice President; Product Specialist
Company: Disability Solutions
Location: New York
Posted on: September 25, 2024
Job Description:
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. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities, and
shareholders every day. One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being. Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization. Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Responsibilities
- Understand client requirements and structure Asset Backed
Securities transactions accordingly.
- Interact with rating agencies, accountants, lawyers, syndicate
and trading desks during the execution of the transaction.
- Review various offering documents and run the process of
getting the same reviewed by accountants and lawyers.
- Complete end to end structuring of the transaction and make
recommendations on how to improve structural efficiencies of the
trade.
- Use various software, both inhouse and external, to create the
structure that will be distributed to Investors to assist them with
their investment decisions.
- Provide a detailed comparative analysis of the recommendations
for inclusion into client, investor and rating agency
presentations.
- Interact with issuer and investor clients to explain structural
nuances and results.
- Price the transaction on behalf of our issuer clients once
investors have confirmed the interest.
- Build quantitative models to analyze default and prepayment
forecasts and use performance modelling to run various rating
agency stressed assumptions to help create optimal asset backed
structures.
- Price asset backed securities transactions and perform pre-deal
process with lawyers, accountants, and rating agencies to develop a
thorough understanding of various tax, legal and cost of capital
considerations.
- Collaborate with other functional groups including syndicate,
banking during the execution of the transaction.
- Use deep understanding of capital markets to help decide the
best time to take deals to market and modify deal structures to
suit the needs of various institutional investors.
- Utilize Intex and Excel in creating Asset Backed Securitization
structures and models to create securitization structures and run
numerous rating agency stress tests.Required Skills & Experience
- Master's degree or equivalent in Engineering (any), Finance,
Math or related; and
- 3 years of experience in the job offered or a related
quantitative occupation.
- Must include 3 years of experience in each of the
following:
- Building quantitative models to analyze default and prepayment
forecasts and using performance modelling to run various rating
agency stressed assumptions to help create optimal asset backed
structures;
- Pricing asset backed securities transactions and performing
pre-deal process with lawyers, accountants, and rating agencies to
develop a thorough understanding of various tax, legal and cost of
capital considerations;
- Collaborating with other functional groups including syndicate,
banking during the execution of the transaction;
- Using deep understanding of capital markets to help decide the
best time to take deals to market and modifying deal structures to
suit the needs of various institutional investors; and,
- Utilizing Intex and Excel in creating Asset Backed
Securitization structures and models to create securitization
structures and run numerous rating agency stress tests.
- Up to 5% domestic and international travel, as necessary.If
interested apply online at www.bankofamerica.com/careers or email
your resume to bofajobs@bofa.com and reference the job title of the
role and requisition number.Employer: BofA Securities,
Inc.Shift:1st shift (United States of America)Hours Per Week: 40Pay
Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF
AMERICA TOWER (NY1100)Pay and benefits informationPay
range$225,000.00 - $235,000.00 annualized salary, offers to be
determined based on experience, education and skill
set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Parsippany-Troy Hills Township , Vice President; Product Specialist, Executive , New York, New Jersey
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