Vice President; Securities/Prod Spec III
Bank of America
Vice President; Securities/Prod Spec III
Chicago, Illinois
**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 a diverse and 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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
**RESPONSIBILITIES:**
+ Monitor and evaluate the competitive landscape of the Foreign Exchange and Interest Rates market for potential opportunities.
+ Create and prepare client presentations in the context of transaction execution and business development and present to internal teams, clients, and other advisors.
+ Provide guidance to a team of junior bankers, including Analysts, and provide information regarding the Foreign Exchange and Interest Rates industry, financial, and other investment banking topics.
+ Communicate to both clients and the broader GRC group as market trends and news emerges real time.
+ Interact daily with the Bank’s Credit Risk group, Underwriting team, Traders, to calculate exposures, structure credit, and price hedging transactions.
+ Work with internal and external counsel regarding the preparation of documentation related to over-the-counter derivative products Research economic issues.
+ Work with internal partners utilizing knowledge of International Swaps and Derivatives Association and Credit Support Annex on negotiations and/or credit approval, and/or derivative pricing, including familiarity with initial and variation margin, additional termination events and related collateral issues.
+ Implement the business plan and strategic vision in the market by driving day-to-day automation and providing ongoing thought leadership to the bank’s clients.
+ Provide bespoke FX and Rates risk management solutions and structured products ideas to multinational corporates clients based in the US and Canada.
+ Price FX and Rates derivatives including forwards, swaps, and options.
+ Provide relevant market updates and currency color to clients based on geopolitical and macroeconomic landscape.
+ Communicate with senior stakeholders in business, risk, and management on advanced topics in FX and Rates structured products.
+ Analyze various risks (including credit, legal, market, reputational, and regulatory risks) involved in derivatives transactions, including by calculating credit usage, CVA and RWA to meet adequate returns.
**REQUIREMENTS:**
+ Master's degree or equivalent in Business Administration, Finance, Economics, or related; and
+ 3 years of experience in the job offered or a related finance occupation.
+ Must include 3 years of experience in each of the following:
+ Providing bespoke FX and Rates risk management solutions and structured products ideas to multinational corporates clients based in the US and Canada;
+ Pricing of FX and Rates derivatives including forwards, swaps, and options;
+ Providing relevant market updates and currency color to clients based on geopolitical and macroeconomic landscape;
+ Communicating with senior stakeholders in business, risk, and management on advanced topics in FX and Rates structured products; and,
+ Analyzing various risks (including credit, legal, market, reputational, and regulatory risks) involved in derivatives transactions, including by calculating credit usage, CVA and RWA to meet adequate returns.
+ 25% domestic and international travel required, 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:** Bank of America N.A.
**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 and affirmative action, 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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To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .
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.
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