Securitized Products Summer Analyst Program - 2021

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) 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 three product groups:
• Asset backed securities: focuses on collateral such as credit card receivables, auto loans & leases, student loans, equipment loans & leases, timeshares, cellular telephone towers and other non-mortgage financial products
• Mortgage backed securities: focuses on all residential mortgage related products such as agency and non-agency residential mortgage loans, single family real estate owned properties (REOs), mortgage servicing rights, servicer advance receivables and small-balance commercial real estate mortgage loans
• Real Estate Structured Finance: focuses on the origination, structuring and distribution of Commercial Mortgage Backed Securities (“CMBS”) which are typically backed by Bank of America originated loans collateralized by all commercial real estate property types

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
• Working with and creating asset level collateral data, loan and bond cash flows and 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 Merrill Lynch product areas

Qualifications
• Candidates are required to be pursuing a Bachelors degree from an accredited college or university with a graduation timeframe between December 2021 and June 2022
• 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 job 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.