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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Corporate Overview :
Truist Securities is the full-service Corporate and Investment Banking (CIB) arm of Truist Financial Corporation (https://www.thepremierfinancialinstitution.com/)
(NYSE: TFC), one of the nation's largest banking organizations. Truist Securities, together with Commercial Real Estate (http://www.suntrustcre.com/)
and Treasury Solutions, comprise Truist’s Corporate & Institutional Group, offering lending, Capital Markets and treasury management solutions to businesses, institutions, not-for-profit organizations and government entities. Founded more than 100 years ago, we offer large-firm capabilities in a boutique culture and value our vibrant workplace that reflects the diversity of the many communities we serve. We pride ourselves on the career development of our teammates. You’ll work alongside senior-level management on real deals right from the start. We encourage and reward you to take an active role in helping our clients achieve their goals.
Analyst Program Overview:
The Truist Securities CIB Asset Securitization Group (ASG) Analyst Program begins with up to seven weeks of classroom instruction that consists of an introduction to Capital Markets, products and services, accounting, corporate finance, systems, and financial modeling training designed to give Analysts all the tools they will need to be successful. After the classroom training, Analysts will be placed with the group and play a meaningful role in supporting senior Capital Markets professionals.
Our Asset Securitization Group delivers a wide range of financing solutions. We combine market-leading structuring expertise with detailed industry insights and broad distribution capabilities to design a customized strategy that best meets our client’s needs. Analysts will work closely with senior ASG professionals to help drive the growth of the business.
This position is specifically for our Asset Securitization Group (ASG) with the opportunity to interact with other groups and disciplines throughout the investment bank.
Asset Securitization Group:
The Asset Securitization Group provides highly structured debt capital solutions to growing companies across a variety of industries. The transactions ASG executes involve: (1) originating asset-backed revolving loans for our clients funded directly by Truist and other bank partners; and (2) helping the Bank’s clients issue bonds known as “asset-backed securities” to institutional investors. Analysts in ASG learn the basic principles of structuring these transactions and work directly with senior bankers on each phase of the engagement life cycle including pitching to new clients, closing live deals and managing existing client relationships. These engagements will involve a variety of day-to-day work functions such as using Excel to model cash flows and organize complex data sets into actionable material, compiling information on the asset-backed securities market from Bloomberg and other sources to create client-facing presentations, attending meetings and calls with clients, investors, and other banks and reviewing complex legal documentation to ensure it accurately reflects the terms of each transaction. The ideal candidate will have a strong working knowledge of MS Office (Excel, PowerPoint, and Word), understand basic principles of finance, possess solid written and oral communication skills, and be unflinchingly willing to learn.
Location:
Truist Securities is headquartered in Atlanta, GA, with offices throughout the U.S. in cities including New York, Charlotte, Chicago, Dallas, Houston, Los Angeles, Memphis, Miami, Nashville, Orlando, Boston, San Francisco, and Washington D.C.
This position is specifically for New York, NY.
The starting salary for this position is $100,000.
Minimum Requirements:
Scheduled graduation of final degree by May/June 2024
Overall GPA of 3.0
Proven analytical ability and attention to detail.
Solid leadership and interpersonal skills
Superior written and oral communication skills
Ability to work well in a fast-paced, team-oriented environment.
Preferred Requirements:
Accounting, Business, Economics, Finance or STEM major
Prior completion of Accounting or Finance coursework
High degree of academic and extracurricular achievement
Willingness to commit substantial time and energy to the program
In compliance with law, Truist will consider any candidate with an unrestricted work authorization at the time of hire. Truist will not sponsor in this role for an H-1B visa or permanent residency now or in the future.
To learn more about Truist Securities’ Summer Analyst positions, please visit the Student Programs section of our Truist Securities (http://www.truistsecurities.com/about/careers)
website.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)
. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the Law (https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf)
Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)
E-Verify (https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster_ES.pdf)
