Retail Fixed Income Trader - St Paul Mn jobs at Us Bank

Job Description:

As a Financial Solutions Advisor Stage I (FSA I), your journey begins obtaining your Securities Industry licenses, where you receive dedicated and personalized classes for your Securities Industry Essentials [SIE], Series 7 and Series 66 Exams. Once you obtain your licenses, you will be taught the foundational skills needed to be an advisor – from acquiring, building and managing client relationships to considering a client’s complex financial picture and guiding them with advice and solutions to help them live their best financial lives, all while humanizing financial interactions. Once you have reached your key milestones, you will begin working in a financial center where you will help to deliver Bank of America’s core banking, investment solutions and approach to client care. We will equip you with everything you need as you move through the stages of development.

Once you have demonstrated success as a licensed Financial Solutions Advisor Stage I, you will typically progress into the next role, Financial Solutions Advisor Stage II, where you will continue to practice the skills you’ve learned by growing and deepening relationships within a portfolio of clients. As a successful Financial Solutions Advisor Stage II, you will have the opportunity to advance in many roles within Bank of America and Merrill. The Academy will support you along the way with dedicated programs, tools, and resources throughout your career journey.

This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Since your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.

We’ll help you

• Build a successful career at Bank of America through world-class training and on-boarding programs that set you up for success.

• Get training and one-on-one coaching from Academy managers who are invested in your success.

• Grow your business knowledge by using a defined consultative approach with clients to systematically identify client needs and appropriate solutions.

• Earn your Security Industry Essentials (SIE), Series 7 and Series 66 licenses (63 & 65 accepted, in lieu of 66) though structured lessons and dedicated study time. You must obtain your SIE within 30 days of being hired & your Series 7 & 66 within 120 Days - a requirement for the role.

• Build your network. Starting at a financial center, you’ll interact with banking customers, small business owners and higher net worth clients alike. You’ll be able to leverage our relationships with one out of two households in the U.S. to help eventually grow your business.

• Provide end-to-end comprehensive advice, deliver client reviews/presentations with confidence, and recommend strategies to help clients achieve their financial goals and life priorities.

• Collaborate with core banking and investment partners. Connect clients to the solutions we provide through Bank of America and Merrill to meet virtually all their financial needs.

Required Qualifications:

• Aptitude in obtaining required industry licenses.
• Must be self-disciplined in managing time and capacity.
• Experience in cultivating client relationships, accessing needs and recommending solutions.
• Success creating strong peer relationships through effective communication and collaboration.
• Demonstrates a results-driven mindset while prioritizing client’s interest in a complex, fast-paced environment.
• Executes multiple tasks simultaneously.
• Learns and adapts to new technology or applications.

Desired Qualifications:

• Bachelor’s degree and/or a minimum of one year of financial services industry or sales experience

• Advisory

• Account Management

• Client Experience Branding

• Customer and Client Focus

• Oral Communications

• Issue Management

• Client Solutions Advisory

• Pipeline Management

• Active Listening

• Attention to Detail

• Risk Management

• Policies, Procedures, and Guidelines

• Client Management

• Causation Analysis

• Written Communications

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Monday – Fridays and rotating Saturdays

Responsibilities:

• Responsible for risk management and trading activities with limited direction from more senior staff.

• Manage workflow from front to back, including quotes, hedges, trades and downstream processes to minimize operational risks while optimizing market risk.

• Work closely with sales across varying time zones to get the "right price" to the "right client" given risk tolerance and balance sheet constraints.

• Conduct profit and loss and risk reconciliation.

• Detailed collateral analysis of large data sets of loans in order to determine securitization structures.

• Responsible for valuing a range of collateral asset types from auto loans to student loans to equipment leases.

• Conduct securitization analysis for rating agency optimization.

• Trade securities and loans across asset-based finance with a focus on student loans and other consumer loans.

• Build cashflow models using industry-standard cashflow engines, including lntex Cal and lntex Dealmaker.

• Pricing asset-backed securities backed by consumer and commercial assets in order to advise issuers on pricing consumer and commercial ABS by analyzing collateral comparisons, historical performance, and investor demand.

• Use originating, structuring, distributing, and providing structural advice to issuer clients.

• Conduct financial modeling with a focus on rating agency methodologies for cash and synthetic securitizations to assist banks with valuing and divesting portfolios of consumer loans.

• Synthesize large data sets by applying statistical methods using polynomial regression analysis.

• Use lntex Cale, lntex Dealmaker, Bloomberg, and Collateral Analysis System to convert a loan tape of thousands of loans into a tradeable asset that can be easily valued.

• Perform consumer and asset-based whole loan pricing and securitization analysis.

Required Skills & Experience:

• Master's degree or equivalent in Business Administration, Economics, Finance 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:

• Pricing asset-backed securities backed by consumer and commercial assets in order to advise issuers on pricing consumer and commercial ABS by analyzing collateral comparisons, historical performance, and investor demand;

• Using originating, structuring, distributing, and providing structural advice to issuer clients;

• Conducting financial modeling with a focus on rating agency methodologies for cash and synthetic securitizations to assist banks with valuing and divesting portfolios of consumer loans;

• Synthesizing large data sets by applying statistical methods using polynomial regression analysis;

• Using lntex Cale, lntex Dealmaker, Bloomberg, and Collateral Analysis System to convert a loan tape of thousands of loans into a tradeable asset that can be easily valued; and,

• Performing consumer and asset-based whole loan pricing and securitization analysis.

• In the alternative, the employer will accept a Bachelor's degree and 5 years of progressively responsible experience.

• 10% domestic and international travel required, as necessary.

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.

This job is responsible for managing a financial center and it's employees on a day-today basis. Key responsibilities include operating as a business owner and fostering a team environment, instilling an effective client-centric and risk culture in the center, and helping clients achieve the financial goals. Job expectations include ensuring operational excellence and cohesive effectiveness.

Responsibilities:

• Develops talent, including proactive sourcing of candidates
• Manages client traffic, engaging and appropriately routing clients, and fostering client retention
• Manages business results through formalized management routines and coaching
• Creates a world class client experience environment
• Manages market-level initiative prescribed by market leaders
• Drives operational excellence by engaging employees on business strategy
• Manages organizational priorities and effective execution

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Creates an inclusive team where members are treated fairly and respectfully.
• Manager of Process & Data: Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.
• Enterprise Advocate & Communicator: Delivers clear and concise messages that motivate, convey the “why” and connects contributions to business results.
• Risk Manager: Leads and encourages the identification, escalation and resolution of potential risks.
• People Manager & Coach: Knows and develops team members through coaching and feedback.
• Financial Steward: Manages expenses and demonstrates an owner’s mindset.
• Enterprise Talent Leader: Recruits, on-boards and develops talent, and supports talent mobility for career growth.
• Driver of Business Outcomes: Delivers results through effective team management, structure, and routines.

Skills:

• Coaching
• Customer Service Management
• Customer and Client Focus
• Performance Management
• Talent Development
• Business Operations Management
• Recruiting
• Result Orientation
• Risk Management
• Sales Performance Management
• Inclusive Leadership
• Leadership Development
• Prioritization
• Problem Solving
• Referral Management

High School Diploma / GED / Secondary School or equivalent

Responsibilities

• Research or develop analytical tools to address issues such as portfolio construction/optimization, performance measurement, attribution, profit and loss measurement, and pricing models.

• Consult with traders or other financial industry personnel to determine need for new or improved analytical applications.

• Provide application and analytical support to researchers or traders on issues including valuations of data.

• Responsible for risk management and trading activities with limited direction from more senior staff.

• Manage workflow from front to back, including quotes, hedges, trades and downstream processes to minimize operational risks while optimizing market risk.

• Work closely with sales across varying time zones to get the ""right price"" to the ""right client"" given risk tolerance and balance sheet constraints.

• Generate replication strategies across asset classes and various equity index replications.

• Conduct profit and loss and risk reconciliation.

• Execute trades and hedging risks using market-making strategies for single stocks, ADRs, and ETF derivatives to facilitate workflow.

• Use Bloomberg to assess and hedge trading book risk and optimize profitability.

• Monitor and hedge FX and forward risk exposure, including stock borrow and dividends.

• Conduct securities market research to identify opportunities and dislocations.

• Assess macroeconomic risks in local and ADR markets to manage the trading book and provide market insights to clients.

• Execute trades and hedge risks using market-making strategies for single stocks, ADRs, and ETF derivatives to facilitate workflow.

• Use Bloomberg to assess and hedge trading book risk and optimize profitability.

• Monitor and hedge FX and forward risk exposure, including stock borrow and dividends.

• Conduct securities market research to identify opportunities and dislocations.

• Assess macroeconomic risks in local and ADR markets to manage the trading book and provide market insights to clients.

Required Skills & Experience

• Master's degree or equivalent in Finance, Economics, Mathematics, Engineering (any), or related: and

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

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

• Executing trades and hedging risks using market-making strategies for single stocks, ADRs, and ETF derivatives to facilitate workflow;

• Using Bloomberg to assess and hedge trading book risk and optimize profitability;

• Monitoring and hedging FX and forward risk exposure, including stock borrow and dividends;

• Conducting securities market research to identify opportunities and dislocations; and,

• Assessing macroeconomic risks in local and ADR markets to manage the trading book and provide market insights to clients.

• In the alternative, the employer will accept a Bachelor's degree and 5 years of progressively responsible experience.

If interested apply online ator email your resume toand reference the job title of the role and requisition number.

EMPLOYER:BofA Securities, Inc.

Responsibilities

• Actively participate on specific client and deal teams.

• Focus on financial and statistical analysis, development of client presentation, and structuring and execution activities.

• Assume business development and product advisory and specialist responsibilities.

• Responsible for primary coverage for a broad base of clients trading domestic and international markets, including Quantitative Funds, ETF fund managers, Asset Managers and Event Driven funds.

• Work with Portfolio Managers and Traders to actively manage their daily trading needs, which includes providing market color, generating pre-trade and post-trade analysis, and coordinating trading instructions with local desks.

• Coordinate trading in global Emerging, Developed and Frontier markets with our internal trading desks, as well as local brokers and partners in the region.

• Provide transaction cost analysis reports and review with client in order to provide best possible execution performance.

• Discuss trading strategy with sales team and clients based in the Americas, Europe, and Asia in order to provide best execution outcome.

• Understand how global equity markets operate, including liquidity, market structure, and stock exchanges to make informed decisions and execute trades in an efficient way.

• Leverage algorithmic trading strategies including VWAP, TWAP and smart order routing when accessing different trading venues including NASDAQ and NYSE.

• Use trading systems including Bloomberg, EMSX and Fidessa for analytics, trading and order management.

• Perform quantitative and statistical analysis using Python, VBA and R to automate manual processes to optimize trade execution and monitor performance.

• Analyze the factors of slippage, market impact, and timing risk, and effectively implementing strategies to minimize negative effects on trade execution and overall performance.

• Analyze global equity index benchmarks, how these indices can change over time and how these changes can affect global equity flows.

Required Skills & Experience

• Bachelor's degree or equivalent in Economics, Mathematics, Finance, Business Administration, 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:

• Understanding how global equity markets operate, including liquidity, market structure, and stock exchanges to make informed decisions and execute trades in an efficient way;

• Leveraging algorithmic trading strategies including VWAP, TWAP and smart order routing when accessing different trading venues including NASDAQ and NYSE;

• Using trading systems including Bloomberg, EMSX and Fidessa for analytics, trading and order management;

• Performing quantitative and statistical analysis using Python, VBA and R to automate manual processes to optimize trade execution and monitor performance;

• Analyzing the factors of slippage, market impact, and timing risk, and effectively implementing strategies to minimize negative effects on trade execution and overall performance; and,

• Analyzing global equity index benchmarks, how these indices can change over time and how these changes can affect global equity flows.

• 10% domestic or international travel required, as necessary.

If interested apply online ator email your resume toand reference the job title of the role and requisition number.

EMPLOYER:BofA Securities, Inc.

Responsibilities

• Work on risk management and trading activities with limited direction from more senior staff.

• Handle workflow from front to back, including quotes, hedges, trades, and downstream processes to minimize operational risks while optimizing market risk.

• Work closely with sales across varying time zones to get the ""right price"" to the ""right client"" given risk tolerance and balance sheet constraints.

• Generate replication strategies across asset classes.

• Conduct profit and loss and risk reconciliation.

• Handle EM risk including illiquid inventory of an ample variety of basis.

• Make market in liquid EM risks and illiquid structured products providing liquidity to clients.

• Understand global and EM idiosyncratic macroeconomic situations.

• Execute trades, manage risk, and provide pricing for Latin American interest rate swaps and local sovereign bonds, both nominal and inflation-linked, to maintain liquidity and support client needs.

• Manage risk in emerging market cross-currency basis, focusing on specific convertibility risks to ensure effective hedging and exposure mitigation.

• Mitigate cross-border risk and access local markets to optimize liquidity and enhance market opportunities.

• Originate, structure, and distribute macro–Emerging Markets products to meet client needs and capitalize on market opportunities.

Required Skills & Experience

• Master's degree or equivalent in Business Administration, Statistics, and Finance or related: and

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

• Must have 3 years in the job offered or a related Finance occupation. Must include three(3) years of experience in each of the following:

• Executing trades, managing risk, and providing pricing for Latin American interest rate swaps and local sovereign bonds, both nominal and inflation-linked, to maintain liquidity and support client needs;

• Managing risk in emerging market cross-currency basis, focusing on specific convertibility risks to ensure effective hedging and exposure mitigation;

• Mitigating cross-border risk and access local markets to optimize liquidity and enhance market opportunities; and,

• Originating, structuring, and distributing macro–Emerging Markets products to meet client needs and capitalize on market opportunities.

• In the alternative, the employer will accept a Bachelor's degree and 5 years of progressively responsible experience.

• 10% international and domestic travel required, as necessary.

If interested apply online ator email your resume toand reference the job title of the role and requisition number.

EMPLOYER:BofA Securities, Inc.

Responsibilities:

• Manages the end-to-end client journey to deliver on client needs and drive sales opportunities while mitigating risk
• Identifies and refers specialized small business opportunities and solutions to clients while conducting small business relationship reviews
• Delivers a branded customer experience within aligned sales portfolios by being in the field a minimum of 80% of the time
• Fosters relationships with key partners such as Merchant, Practice Solutions, Treasury, and Business Banking to increase small business opportunities
• Leverages knowledge of credit to advise small business owners on solutions, services, and digital capabilities that help them meet their short and long-term business goals
• Supports execution of the sales delivery model to achieve targeted performance and growth of the bank's Small Business segment
• Coaches, develops, guides, and delivers feedback to associates and clients while embodying a client and employee-centric culture

:

• The Business Banking Relationship Manager is an outside sales role and will require the incumbent to be in the field at least 80% of the time

• Has proven success in consultative sales in financial services or in business-to-business sales

• Ability to demonstrate examples of improving specific businesses financial outcomes by interpreting financial statements and recommending specific levers

• Is passionate about outside sales and enjoys spending time prospecting

• Wants to enhance existing relationships and exceed sales goals

• Can analyze financial conditions of clients and industry trends

• Can understand and interpret financial statements and cash flow analysis

• Has excellent communication skills and demonstrated leadership ability

• Enjoys partnering and negotiating with a team of bank employees to solve client issues

• Demonstrated management of a client portfolio with focus on relationship development and deepening

• Thorough knowledge of small business financial products and services

• Familiarity with CRM platforms and other banking systems

:

• Community leadership

• Strong computer skills with an ability to multitask in a demanding environment

• Bachelor’s degree desired but not required

Skills:

• Client Experience Branding
• Client Management
• Client Solutions Advisory
• Customer and Client Focus
• Pipeline Management
• Credit Documentation Requirements
• Financial Analysis
• Oral Communications
• Prioritization
• Written Communications
• Coaching
• Interpret Relevant Laws, Rules, and Regulations
• Prospecting
• Risk Management