Vice President; Trader Ii

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:

• Structure and negotiate funding transaction with banks, hedge funds, private equity funds and others.

• Meet with prospective clients to discuss potential funding arrangements.

• Help maintain risk reporting for senior management and credit risk partners.

• Maintain pipeline information about upcoming deals and prospective clients.

• Prepare credit approval materials as well as presentations for clients and senior management.

• Evaluate RWA, capital, and returns on capital for each transaction and streamline asset booking and monitoring process by structuring Total Return Swaps, CLO Warehouses, bilateral term facilities and Private Credit Financing Facilities using booking systems such as Loan Runner, reporting systems such as Trade Manager, and reporting from Trustees such as US Bank.

• Work with clients and credit to manage credit concerns about portfolio concentrations, borrowing bases and fund needs. Analyze portfolio liquidity and volatility of US leveraged loan market by pulling loan and Total Return Swap time series data from Bloomberg and other sources in order to analyze historical volatility in programs.

• Analyze comparable pricing and terms for similar transactions for each of our deals at the time of issuance utilizing BDC Reporting published on SEC and other sites with ability to review 10-Ks, 8-Ks, and 10-Qs as well as speaking to other market participants.

• Evaluate impact of alternative deal structures on capital and liquidity treatment to propose multiple financing solutions to a client depending on the client’s fund structure, geographical location, and portfolio profile including Total Return Swaps, Loan to SPV format, and Repo transactions.

• Remote work may be permitted within a commutable distance from the worksite.

REQUIREMENTS:

• Bachelor's degree or equivalent in Business, Finance, Economics, or related; and

• 4 years of experience in the job offered or a related Finance occupation.

• Must include 4 years of experience in each of the following:

• Evaluating RWA, capital, and returns on capital for each transaction and streamlining asset booking and monitoring process by structuring Total Return Swaps, CLO Warehouses, bilateral term facilities and Private Credit Financing Facilities using booking systems such as Loan Runner, reporting systems such as Trade Manager, and reporting from Trustees such as US Bank;

• Working with clients and credit to manage credit concerns about portfolio concentrations, borrowing bases and fund needs;

• Analyzing portfolio liquidity and volatility of US leveraged loan market by pulling loan and Total Return Swap time series data from Bloomberg and other sources in order to analyze historical volatility in programs;

• Analyzing comparable pricing and terms for similar transactions for each of our deals at the time of issuance utilizing BDC Reporting published on SEC and other sites with ability to review 10-Ks, 8-Ks, and 10-Qs as well as speaking to other market participants; and,

• Evaluating impact of alternative deal structures on capital and liquidity treatment to propose multiple financing solutions to a client depending on the client’s fund structure, geographical location, and portfolio profile including Total Return Swaps, Loan to SPV format, and Repo transactions.

• Up to 10% 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:

Hours Per Week: