Prime Financing, Placement Analyst

About Us 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.

Prime Financing, Placement Internship London, UK

About Us 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 an 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.

Bank of America 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

The team: Our Global Markets Off-cycle Analyst programme gives our interns exposure to the various products within Equities Financing and may include Physical Prime Brokerage, Stock Loan, Single Name and Index Delta One products, Account Management and Financial Resource management.

Programme Overview Our off-cycle interns participate in a 12-month programme within Prime Financing. Mirroring the role of various full-time employees, this program acts as a unique opportunity to gain exposure to life within Prime Finance, tailored to the skills and profile of the successful candidate(s). This may include Account Management: strengthening relationships with our hedge fund clients through excellent servicing of accounts, seeking commercial opportunities to drive business in the future and proactively spotting efficiency improvements to reduce risks and enhance existing processes;

the Trading function of Prime Financing: working with Stock Loan and the Swaps trading desks who offer synthetic access to clients looking to access global Indices and physical and synthetic access to Equity linked securities listed within the EMEA region; and the Financial Resources Group who are responsible for growing and optimizing Prime Financing client revenues and clients’ resource footprint within the parameters of the binding constraints of the firm (capital, liquidity, balance sheet), as well as exposure to other areas of Prime Financing and how it fits into the broader Equities and Markets franchise.

Given the off-cycle internship acts as a hiring channel for our Prime Financing graduate program, you will be given responsibilities early and will be relied on to make a significant contribution to the team and to our client franchise.

Training and Development Your training and development is our top priority with extensive formal training offered at the start of the programme in addition to on-the-job support, educational speaker events and mentorship throughout.

Responsibilities:

• Gaining an in-depth introduction to the bank, its culture and global reach, alongside other newly hired analysts.
• Building material relationships through direct interaction with our hedge fund clients whilst servicing accounts efficiently and effectively.
• Learning from teams of professionals across the bank, whilst working within experienced Prime Financing teams, to enhance knowledge of the products and processes that are employed by the desk whilst developing an understanding of…