Analyst/ Associate Equity Research North American Banks jobs at Bank Of America in United States, New York

RESPONSIBILITIES:

• Develop and enhance the quantitative methodologies for IPV and associated Fair Value and Prudent Valuation Adjustments.

• Define Fair Value Hierarchy classification and justification, i.e. creating the framework for a given product, risk, or portfolio as appropriate.

• Work closely with Traders, Market Risk, Model Risk Management, Front Office Quants, Product Controllers, and Senior Managers on Valuation related matters.

• Communicate complex valuation matters to Senior Management, Auditors, and Regulators.

• Leveraging expert knowledge of financial markets, products, and quantitative background to critically evaluate the IPV results and support resolution of IPV differences.

• Support Front Office Model Governance through the review of model limitations and potential impact on Fair Value.

• Utilize input of market parameters (swap rates, spreads, cap/floor and swaption vols, exchange-traded securities across different currencies) to ensure accurate derivatives portfolio valuation, including Greeks, mark-to-market (MTM), and PnL attribution.

• Apply product knowledge of Interest Rate derivatives (Swaps, Swaptions, Bermudan Swaptions, CMS Swaps, CMS Cap/Floor) and market risk principles to assess valuation approaches and models.

• Track global financial markets, analyze market movements, conduct monthly valuation analysis, and ensure accurate curve marking and trade reconciliation.

• Utilize financial derivatives pricing models (Yield Curve Construction, SABR model) to evaluate model performance, calibrate to market data, and collaborate with model owners to address limitations.

• Conduct independent valuation validation, develop Fair Value Hierarchy Classification, and ensure compliance with valuation uncertainty controls.

• Implement Python-based automated solutions for valuation reports, fair value and liquidity valuation adjustments, and prudent valuation adjustments.

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

REQUIRED SKILLS & EXPERIENCE:

• Master's degree or equivalent in Finance, Mathematics, Statistics, Quantitative Finance, or related; and

• 2 years of experience in the job offered or a related Quantitative occupation.

• Must include 2 years of experience in each of the following:

• Utilizing input of market parameters (swap rates, spreads, cap/floor and swaption vols, exchange-traded securities across different currencies) to ensure accurate derivatives portfolio valuation, including Greeks, mark-to-market (MTM), and PnL attribution;

• Applying product knowledge of Interest Rate derivatives (Swaps, Swaptions, Bermudan Swaptions, CMS Swaps, CMS Cap/Floor) and market risk principles to assess valuation approaches and models;

• Tracking global financial markets, analyzing market movements, conducting monthly valuation analysis, and ensuring accurate curve marking and trade reconciliation;

• Utilizing financial derivatives pricing models (Yield Curve Construction, SABR model) to evaluate model performance, calibrate to market data, and collaborate with model owners to address limitations;

• Conducting independent valuation validation, developing Fair Value Hierarchy Classification, and ensuring compliance with valuation uncertainty controls; and,

• Implementing Python-based automated solutions for valuation reports, fair value and liquidity valuation adjustments, and prudent valuation adjustments.

If interested apply online at or email your resume to and reference the job title of the role and requisition number.

Job Description:

This job is responsible for handling complex and escalated customer situations regarding possible fraudulent account activity. Key responsibilities include receiving inbound calls and takes appropriate action requiring accuracy on complex transactions. Job expectations include performing functions related to research and resolution of fraudulent activity, service support, and delivering practical, innovative solutions to clients while focusing on retention and re-establishing client confidence.

Wealth Management Fraud & Claims associates will handle inbound calls from clients, branch offices, banking centers, and various internal associates. They will also be responsible for the claim initiation and status updates of various fraud and billing disputes, on our clients’ bank accounts. Associates will handle a wide variety of claim types including but not limited to: credit card, debit card, ATM, check fraud, ACH, and online wire transfers for wealth banking products.

Responsibilities:

• Services banking products with high-risk activity to maximize approval of legitimate transactions, minimize client impact at the point of sale, identify fraudulent activity and restrict account activity
• Assists Fraud Strategy partners with development of new tactics by facilitating controlled tests and simulations within the production environment
• Tests existing customer facing capabilities (credit, debit, transactions, deposit activity, and online activities) for unknown vulnerabilities resulting in potential fraudulent exploitation and unplanned loss
• Participates in triage related to Executive Escalations & Incident Response fraud activities
• Reviews and investigates reports of suspected fraudulent activity with accurate recording of data captured during client interactions
• Follows established processes and guidelines in daily activities to do what is right for clients and the bank, adhering to all applicable laws and regulation
• Assist clients and internal partners with banking claim and suspicious alert inquiries, initiation and updates

**1st Shift hours vary from 7:00am - 6:00pm EST. Must be willing to work a Weekend Day**

Required Qualifications:

• 1+ years of fraud servicing or call center experience.
• Has strong analytical and organizational skills and demonstrates the ability to solve complex problems by reviewing related information
• Demonstrates a strong sense of urgency and is able to work in a fast-paced, ever-changing environment with a strong focus on risk mitigation and client experience.
• Displays passion, integrity, commitment and drive to deliver a positive, differentiated service that improves our clients’ financial lives
• Fully understands how life events can impact a client’s financial situation and is prepared to actively advise solutions and analyze/resolve complex client problems through creative solutions
• Commitment to excellent attendance with proven reliability and can adhere to the agreed upon work schedule
• Dependable team-player attitude with an understanding that calls must be handled immediately, including weekends and holidays
• Communicates effectively and confidently with all clients to make their financial lives better
• Ability to engage with clients while navigating multiple screens – begin a conversation, anticipate what questions a client will have, actively share information using plain language, build rapport, and handle objections
• Comfortable receiving ongoing performance feedback and coaching
• Ability to learn and adapt to new information and technology platforms
• Minimum of an intermediate level of proficiency with computers and current technology

Desired Qualifications:

• Experience in a call center or a financial/banking center
• Fraud Detection and Prevention
• Credit Risk

Skills:

• Customer and Client Focus
• Data Collection and Entry
• Due Diligence
• Issue Management
• Oral Communications
• Active Listening
• Adaptability
• Attention to Detail
• Policies, Procedures & Guidelines
• Written Communications
• Business Acumen
• Collaboration
• Critical Thinking

RESPONSIBILITIES:

• Perform enhancement of pricing and risk models to incorporate new market or products features.

• Conduct quantitative analysis of the current markets trends and trading strategies.

• Perform numerical analysis of existing models and implementation and testing of performance enhancements; Investigate and improve high-frequency algorithmic trading strategies.

• Generate required documentation and testing to support model risk management ongoing model review and validation.

• Work with front office technology teams to integrate models into the trading and risk systems.

• Perform work required to support regulatory and compliance requirements such as Comprehensive Capital Analysis and Review.

• Develop and maintain large and complex codebases using strong programming and technical skills in Python and database languages including SQL and KDB/Q.

• Research and model of capital market events including hedging and alpha strategies.

• Develop optimization libraries for risk hedging, trade sizing, and expected return maximization.

• Generate required documentation including new user guides, wiki/faq pages and unit testing framework to support model risk management's ongoing model review.

• Perform work to monitor trade volatility and portfolio stress testing to support regulatory and compliance requirements.

• Perform quantitative analysis using large financial datasets to identify current market trends, data engineering and architecture development for daily processes automation, and building visualization tools to interact with data and gather insights.

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

REQUIRED SKILLS & EXPERIENCE:

• Master's degree or equivalent in Quantitative Finance, Statistics, Computational Finance, Physics, Engineering (any), or related: and

• 3 years of experience in the job offered or a related Quantitative occupation.

• Must include 3 years of experience in job offered or related quantitative occupation. Must include 3 years of experience in each of the following:

• Developing and maintaining large and complex codebases using strong programming and technical skills in Python and database languages including SQL and KDB/Q;

• Researching and modeling of capital market events including hedging and alpha strategies;

• Developing optimization libraries for risk hedging, trade sizing, and expected return maximization;

• Generating required documentation including new user guides, wiki/faq pages and unit testing framework to support model risk management's ongoing model review;

• Performing work to monitor trade volatility and portfolio stress testing to support regulatory and compliance requirements; and,

• Performing quantitative analysis using large financial datasets to identify current market trends, data engineering and architecture development for daily processes automation, and building visualization tools to interact with data and gather insights.

If interested apply online at or email your resume to and reference the job title of the role and requisition number.

EMPLOYER:BofA Securities, Inc.

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.

North AmericanBanks Research team covers 40+stocks acrossUS and Canadawith over $intellectual curiosity and theaptitude to ramp up on a fast-evolving banking sector which is undergoing secular shifts tied tostablecoins and digital assets, AI and a

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

Job Description:

Merrill is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

This job is responsible for providing client service support to potentially multiple Financial Advisors (FAs). Key responsibilities include supporting enterprise strategic objectives, operational excellence goals, and client advocacy within the FA's business, while customizing solutions based on their specific needs. Job expectations include serving as the most frequent point of contact within Merrill to address all service needs of their clients.

Responsibilities:

• Provides excellent Client Service to the bank's clients through educating them on all of the bank's service and banking offerings

• Ensures timeliness, accuracy, and completeness in client materials and follows up on all client and Financial Advisor (FA) requests

• Assists with ensuring practices are in alignment with the bank's policies and procedures to support operational excellence, protect the bank's clients, and manage risk

• Identifies, deepens, and maintains client relationships through emphasizing the bank's offerings and promoting incorporation of banking into day-to-day practices, while communicating outputs to the FA

• Supports day-to-day team activities and needs including covering roles in times of absence or seasonal need increases, while leading with a client first mindset

Skills:

• Account Management

• Client Management

• Customer and Client Focus

• Issue Management

• Oral Communications

• Business Development

• Client Solutions Advisory

• Pipeline Management

• Prioritization

• Administrative Services

• Emotional Intelligence

• Referral Identification

• Written Communications

High School Diploma / GED / Secondary School or equivalent

This job is responsible for providing operational support for securities, loans, exchange traded derivatives and over the counter derivatives across multiple lines of business through the lifecycle of a trade. Key responsibilities include handling trading and operational activities before deadlines, maintaining internal systems and providing operational support to internal partners. Job expectations include maintaining a high degree of accuracy with customers and data to ensure compliance with regulations and policies.

Responsibilities:

• Performs set-up and maintenance of core data across client, account, instrument, and agreement data, and oversees data quality within key data platforms
• Ensures transactions are completed in an accurate and timely manner
• Provides operational support for one or more activities within the lifecycle of a trade, including trade processing, trade settlement, accounting and reconciliation, lifecycle events, and collateral management
• Conducts daily monitoring of client trading activity across multiple markets, servicing clients' needs
• Completes accurate, timely clearing and settlement of trades with internal and external counterparties, including reconciliation management and governance of trade fails and breaks
• Performs tasks accurately during high volume periods in a team environment
• Identifies and flags potential risks in a timely manner

Required Qualifications:

• High level knowledge of cash equities, equity swaps, and/or equity derivatives products
• Requires general product knowledge of financial instruments relevant to the area supported and across related asset classes
• General knowledge of equity markets and lifecycle management processing of in scope products
• Attention to detail and a control mindset
• Intellectually curious, takes initiative, and operates with urgency
• Advanced knowledge of Excel and MS Office suite
• Ability to work well in a team environment
• Ability to multi-tasking and work in a high pressured environment
• Demonstrated ability to drive change and tasks to completion
• Excellent written and verbal communication/presentation skills

Desired Qualifications:

• Enthusiastic, keen to learn and quick to gain an understanding of complex issues and concepts
• Understands operational activities related to Trade Support functions
• Bachelor degree or substantially equivalent business experience required
• General knowledge of operational processing and risk control skills including the ability to build well-controlled spreadsheets and source appropriate and meaningful data
• Self-starter with outstanding problem solving skills. Excels at ‘getting things done’ with minimal direction.
• Take responsibility for delivering high quality work
• Ability to thrive in a dynamic, team-oriented environment – both work closely with senior members of the team and work independently
• Other Qualifications: ∙ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
• Excels in working among diverse viewpoints to determine the best path forward
• Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

Skills:

• Collaboration
• Customer and Client Focus
• Oral Communications
• Prioritization
• Active Listening
• Adaptability
• Business Acumen
• Client Management
• Data Collection and Entry

GBAM -

Job Description

• Evaluate valuations for Mortgage-backed securities, Asset-backed securities, Structured Products, CLOs, and Corporate credit, with an emphasis on harder-to-value securities
• Work with the structured product trading desks to gather trading prices, spreads, and other pricing data
• Develop understanding of deal and waterfall structure and collateral risks and attributes
• Select appropriate prepayment and default scenarios to correctly value securities and run cash flows on securities
• Discuss assumptions and cash flows with clients and respond to client pricing disagreements
• Gather and organize market data to be used in bond valuation work
• Utilize research and research models to analyze loss and prepayment assumptions
• Develop procedures to meet deadlines and to facilitate client delivery and quality control
• Pursue missing or incomplete data from research and trading desks

Candidate Requirements

• Strong analytical experience
• Strong intellectual curiosity and Interest in Fixed Income securities
• Some experience with Bloomberg
• Highly proficient in using Microsoft Excel, strong preference for VBA and other automation skills
• Ability to work under a time pressure and to meet stringent deadlines
• Ability to understand a financial offering circular and trustee report

Bachelor’s degree in related field or equivalent work experience