Bank of America Hiring for Associate – FX Trading at New York, New York Full Time

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!

TFX are responsible for managing all FX flows (150+ currencies) derived from payments (including receivables, payables and cards) managed by BofA. Our end clients range from Retail/Consumer Banking customers to our Corporate, Commercial and Institutional client base.

As a trading function, TFX has ultimate responsibility for the Risk, PnL and Governance associated with the FX flows they manage. TFX supports over 150 currencies globally across four trading locations using a 24/5 coverage model. As a product function, the desk is responsible for the technology and development of new FX product related to these flows, as well as ensuring the risk and product layers are integrated to the channels the bank uses to attract the payment flows we manage. This implies close collaboration and cross-over of activity between GTS and Consumer banking partners.

Job Description:
This job is responsible for performing financial and statistical analyses, conducting research, and participating in specific client and deal teams. Key responsibilities include developing client presentations and structuring and execution activities. Job expectations may include rotating through any of the multiple client management, credit management, and capital raising product areas across Global Corporate and Investment Banking in a sales function.

Responsibilities:

• Conducts financial analyses and prepares support documentation for client presentations
• Researches products and services in the market to gain insight into marketing and sales trends
• Supports the trading strategy to build effective client relationships and provide customized products and services to clients
• Participates in due diligence sessions, while communicating and interacting with deal team members
• Assists with sales, trading, and hedging activities and documents key findings for the team
• Help TFX business growth through new products, strong risk management and cross LOB initiatives
• Support TFX trading responsibilities:
  • Execute trades covering bank risk
  • Monitor trading books & risk positions
  • Review and adjust trading spreads
  • Assist with hedging strategies in support of TFX trading products
  • Liaise with internal and external desks to price client and cover trades
• Coordinate with Vendor Management to setup new trading relationships
• Coordinate and investigate off-market alerts with Bank Control and Supervisory teams

Skills:

• Trading
• Trading Strategy
• Trading and Investment Analysis
• Written Communications
• Analytical Thinking
• Attention to Detail
• Customer and Client Focus
• Fiscal Responsibility
• Research Analysis
• Financial Analysis
• Financial Management
• Presentation Skills
• Research
• Trade Monitoring
• International business experience a plus
• Advanced level of Microsoft Office Suite, Bloomberg, any trading system experience a plus
• Understanding of financing activities within a global investment banking organization
• Strong understanding of Global Markets
• Careful execution of FX trades, covering risk through Spot trade execution with internal and external desks
• Ensures rigorous thinking and analysis when making decisions
• Possesses strong quantitative acumen

Minimum Education Requirement:

• Bachelor’s Degree, Finance or Economics degree preferred

Shift:

1st shift (United States of America)

Hours Per Week: 

40