Bank of America

Compensation

Full Description

Job Description: This job is responsible for analyzing some of the most exciting and complex financial services companies with a global footprint and helping make impactful stock recommendations to generate alpha. Key responsibilities include performing financial and statistical analyses, conducting research, preparing reports, helping to originate, structuring and modeling transactions, and assessing market trends. The North American Banks Research team covers 40+stocks across US and Canada with over $2 trillion in market-capitalization. The team is looking for someone who has the intellectual curiosity and the aptitude to ramp up on a fast-evolving banking sector which is undergoing secular shifts tied to stablecoins and digital assets, AI and a shifting regulatory backdrop. The ideal candidate will have between one to four years of experience in markets or experience focusing on the banking (or financial services) sector. This candidate will work with both the Senior Analysts and team members in all aspects from idea generation to company meetings, and will play a critical part in providing the financial modeling and qualitative analysis to formulate investment opinions. Responsibilities: Assists in structuring, pricing, and executing transactions to assist in developing financing solutions for existing and emerging companies Conducts analysis of company financial data, news, and other information to identify opportunities and risks related to companies, industries, or financial instruments Attends to day-to-day sales, trading, and hedging transaction needs, responding to client inquiries, logs, and records data Assists with the preparation of associated financial models and written reports Perform complex financial modeling & valuation work Write regular industry and company reports and company launch initiations from scratch Develop databases integral to our research product Demonstrate strong industry knowledge and business judgment Work with Senior Analysts to develop key industry themes Build relationships and facilitate information flow with contacts at covered companies Participate and contribute to client meetings and events Attend meetings and interact with key opinion leaders Closely follow and understand market, industry and company specific activity Seek out new, unusual sources of information Interact regularly with clients Qualifications Bachelor’s Degree or equivalent years of experience 1-4 years of experience focusing in equity research, wholesale credit, buy side experience or investment banking experience Strong writing and modeling skills. Must be an expert at MS Word and MS Excel Must be able to thrive in a fast-paced and intense environment. Must have excellent communications skills, written and verbal Must enjoy following the stock market and doing desktop and field research Along with Finance and Accounting, should have basic understanding of economics, macroeconomic factors, international affairs, and policy/politics Must have strong attention to detail, ability to multi-task Must work well in a collaborative team environment Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $70,000.00 - $175,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This 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. Benefits This 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. Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in the skills required for the job. 4. Summarize your abilities, accomplishments and skills into a brief, concise document. Considerations when writing a resume • Do be brief. Resumes should be 1-2 pages in length. • Do be upbeat and active in your wording. • Do emphasize what you have done clearly and concretely. • Do be neat and well organized. • Do have others proofread and critique your resume. Spell check. Make it error free. • Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible. • Don't be dishonest, always tell the truth about yourself in the most flattering light. • Don't include salary history or requirements. • Don't include references. • Don't include accomplishments that do not support your professional goals. • Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.) • Don't use italics, underlining, shadows or other fancy treatments. Seven steps to a successful interview 1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview? 2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available? 3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight. 4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down. 5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks. 6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease. 7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage. Pay Transparency - https://careers.bankofamerica.com/en-us/pay-transparency Privacy Statement - https://careers.bankofamerica.com/en-us/privacy-notice