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 properties
Your 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
Conducting asset level analysis on collateral data and creating loan and bond 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 product areas
Qualifications
Candidates are required to be pursuing a bachelor’s degree or a bachelor’s direct to master’s degree from an accredited college or university, with a graduation timeframe between November 2027 and August 2028
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 role 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.
Pay and benefits information for the states of California, Colorado, Connecticut, Hawaii, Illinois, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Rhode Island, Vermont, Washington, and for Cleveland, Ohio and Washington, DC.
