Securitized Products Summer Analyst Program - 2025
Company: Bank of America
Location: New York
Posted on: April 17, 2024
Job Description:
Job Description & Program Overview
Our Global Markets business offers sales and trading services,
including research, to institutional clients across fixed-income,
credit, currency, and commodity and equity businesses. Global
Markets product coverage includes securities and derivative
products in both the primary and secondary markets.
The Global Markets Securitized Products (GMSP) Banking group is
responsible for originating, structuring and securitizing bonds
backed by various types of collateral to provide liquidity and
funding to a wide range of financial institutions, public companies
and financial sponsors; providing secured asset-based financing;
advising financial institutions on asset and platform acquisitions
and dispositions; and opportunistic lending situations. As a summer
analyst, you will have a unique opportunity to gain exposure to the
following two product groups:
- ABS Banking & Finance Covers clients including corporations,
finance companies, and institutional investors for asset-backed
securities (ABS) origination and lending. ABS are structured with
collateral spanning a wide range of consumer (auto loans and
leases, credit cards, student loans, personal loans, solar) and
commercial (equipment, vehicle fleets, aircraft, containers,
intellectual property) financial products
- U.S Residential Mortgage Finance Banking coverage for our
lending and securitization activity related to all residential
mortgage related products such as agency and non-agency residential
mortgage loans, mortgage servicing rights, servicer advance
receivables and single family rental propertiesYour training and
development is our top priority with extensive formal training
offered at the start of the program in addition to on the job
support, educational speaker events and mentorship throughout. As a
summer analyst, your key tasks and responsibilities may include but
are not limited to:
- Supporting the team in all aspects of client (internal and
external) coverage and deal execution including pitching new
business, underwriting, due diligence, coordinating with the
syndicate desk, sales, and trading, legal, accounting, finance,
middle office, back office, and risk partners, rating agencies and
investors throughout the deal preparation, marketing and closing
processes
- Performing comprehensive, in-depth asset level market, company,
comparable transaction, and industry research
- Working with and creating asset level collateral data, loan and
bond cash flows and financial models
- Preparing client presentations, internal credit and risk memos,
and marketing materials
- Providing surveillance of existing facilities and completing
weekly and monthly management, credit, and risk reports
- Communicating and interacting with client team members and
other Bank of America Merrill Lynch product areasQualifications
- Students must be pursuing a Bachelors degree or a Bachelors
direct to Masters degree from an accredited college or university
with a graduation timeframe between December 2025 and June
2026
- 3.2 minimum GPA preferred
- Candidates must demonstrate a combination of academic aptitude,
quantitative skills, strategic and creative thinking, and strong
written and oral communications skills
- Superior analytical and organizational skills
- Ability to manage several projects at once
- Ability to work effectively as an individual and as part of a
team
- Other desired characteristics include: integrity, attention to
detail, assertiveness, initiative, leadership, strong work ethic
and team focus
- The job combines aspects of investment banking, structured
finance, capital markets and client coverage
Bank of America does not complete third party forms from colleges,
universities, or other parties.
Bank of America and its affiliates consider for employment and hire
qualified candidates without regard to race, religious creed,
religion, color, sex, sexual orientation, genetic information,
gender, gender identity, gender expression, age, national origin,
ancestry, citizenship, protected veteran or disability status or
any factor prohibited by law, and as such affirms in policy and
practice to support and promote the concept of equal employment
opportunity and affirmative action, in accordance with all
applicable federal, state, provincial and municipal laws. The
company also prohibits discrimination on other bases such as
medical condition, marital status or any other factor that is
irrelevant to the performance of our teammates.
Keywords: Bank of America, Union City , Securitized Products Summer Analyst Program - 2025, Accounting, Auditing , New York, New Jersey
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