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, New Haven , Vice President; Product Specialist, Executive , New York, Connecticut