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 [email protected] 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

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)Pay and benefits informationPay range$275,000.00 - $285,000.00 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.