Prime Financing, 2027 1-Year Placement Analyst - London

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.

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. 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).

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 client demands and how we deliver our product.
• Risk management – Working with traders to better understand the risk profile of the book and determine most optimal way of hedging.
• Pricing – Working with traders and FRG to price new business across a broad spectrum of Equity Financing Products.
• Short coverage – Assisting traders on sourcing optimal borrow liquidity considering cost, collateral and capital efficiency to meet firm and client net short obligations.
• Market color – Providing daily market color on borrow liquidity and fees across stocks across the EMEA market universe.
• Data analysis – assisting in analyzing data to understand the book and our clients and help drive STP efficiencies.
• Understanding front-to-back – Working with broader operations and settlements teams to understand entire lifecycle of a trade.
• Producing in depth profitability analysis of your subset of clients to help highlight business growth opportunities and prospective revenue adjacencies.

In addition to regular responsibilities, collaborate on exciting and challenging longer-term projects that will continue throughout the internship period, such as identification and implementation of operational efficiency to streamline processes.

What we are looking for:

• Applications are accepted from a diverse range of degree disciplines such as the arts and humanities, as well as numerically focused subjects such as economics and mathematics.
• Fluency in English is essential and a second European language may also be required for some roles.
• You’ll need to demonstrate drive, innovation and a genuine interest in the financial markets.
• Ability to grasp a wide variety of products and to handle more projects simultaneously.
• Team-working, leadership and problem-solving skills, plus creativity are key qualities, as is the ability to work in a fast-paced environment, multi-task and interact with a variety of people.
• Demonstrates accountability and productivity.
• Displays analytical and problem-solving skills.
• Influences decisions and outcomes through effective communication and interpersonal skills.
• Promotes cooperation and commitment within a team environment to achieve goals and deliverables.
• Demonstrates integrity and ethics by earning other’s trust and respect through consistent honesty and professionalism in all interactions.

Our recruitment process:

Analyst internship and full-time recruiting takes place on a rolling basis once our applications are open. Assessments often begin before the deadline, so it’s best to submit your application early as this will give you the best chance of being considered for the role.

We care deeply about shaping the world of work to be an equal and inclusive one – and that starts with our recruitment process. We know just how important and valuable it is to have a wide range of skills, backgrounds and experiences shaping our work and ideas. We welcome applicants from all backgrounds, and we’re proud to focus on attracting, retaining and developing diverse talent within Bank of America.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, being pregnant or on maternity leave, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

What if I need workplace adjustments?

We’re committed to ensuring our online application process provides an equal employment opportunity to all job seekers. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please email juniortalentemea@bofa.com and let us know. We will be more than happy to discuss the support you need, and we will respond to your email within two business days.