Business Development Analyst - EMEA Credit Trading

Bank of America - London
28 May 2021

Global Credit

Global Credit is an institutional business within FICC responsible for making markets in corporate bonds, EM sovereign bonds, leveraged loans, CLOs and credit derivatives through a registered broker/dealer in the U.S. and internationally through established financial institution entities. Collectively, these businesses are operated out of numerous regulated entities subject to the oversight of many different regulatory bodies across the US, Europe and Asia.

The role – Business Development Analyst role supporting EMEA Global Credit

Global Credit is seeking a driven, self-motivated individual to support the business and EMEA Global Credit COO team in a Business Development Analyst role in EMEA and based in London.

The ideal candidate for this role should have a proven academic track record, willingness to learn new skills and develop product knowledge and be able to operate in a fast-paced and dynamic work environment and with the ability to multitask on a number of larger and smaller projects at any one time. Attention to details and accuracy coupled with the ability to work well across teams are essential in order to be successful in this position. The candidate will also be able to build relationships, learn new concepts quickly and have the ability to work collaboratively across the organisation, including with traders, credit analysts, structurers, desk management, internal stakeholders supporting the business and the COO team.

  

Key Responsibilities Include:

Drive business initiatives end-to-end

  • partner with the trading desk, desk analysts, structurers, COOs and internal stakeholders to drive Global Credit business initiatives forward end-to-end.  
  • this involves the willingness to analyse new or more complex structures, understand the holistic transaction framework, such as jurisdictional and transaction specifics, including, the business, risk, operational, legal and wider context of the transaction and ability to clearly explain and socialize transactions and structures with stakeholder groups across the organisation.
  • Drive new product implementation and product innovation: 
  • work with the desk, COOs and internal stakeholders to analyse, assess and execute new product development and innovation for the business.
  • work collaboratively with internal parties to prepare and deliver all aspects of a project plan to enable the successful implementation of the new product in accordance with all internal Bank of America requirements.
  • Facilitate business strategy initiatives:  assist the desk-heads and Global Credit management with the development of strategic and tactical plans and initiatives to achieve their business priorities and objectives.  Collaborate with the business to support business revenue forecasting, business plans and periodic business updates and presentations for Global management, internal stakeholders and in responses to regulators.
  • Deal implementation:  work closely with the business and the wider support partner network to ensure transaction deadlines and client expectations are met, working within BofA’s approval and risk appetite framework.
  • FICC and Global Credit Macro projects:  participate in working groups and wider FICC Projects to ensure that Global Credit is represented and our expectations are met (this could involve technology, market structure or other industry related initiatives).
  • ESG and Climate risk initiatives:  feed into FICC wide and Global Credit ESG and climate risk initiatives and support the senior champions on these initiatives within the business.
  • Partner on COO/ business management projects:  work closely with desk management and COO on business management initiatives such as expense management of the business, simplification and optimisation of internal processes and management of key technology projects and time-lines. 

Qualifications:

  • Bachelor’s Degree or equivalent experience
  • An interest in and understanding of Fixed Income and derivative products and an appetite to learn in greater depth and develop product skills as part of the job.
  • A willingness to understand all aspects of a deal life-cycle from business, structural, systems, operational and structural components of a deal and to develop the skills to effectively communicate this across multiple stakeholders.
  • Ability to multi-task and demonstrate good organisational and time management capabilities.
  • Ability to work collaboratively across the organisation.
  • Good communication and interpersonal skills.  Able to work effectively within a team.
  • Strong work ethic.
  • Must be proactive and demonstrate ownership and initiative taking.
  • Strong attention to detail, ability to work effectively and under pressure and time constraints.
  • Ability to learn quickly and develop subject matter expertise across a broad spectrum of issues.
  • Ability to work independently, set and manage plans, achieve results.
  • Advanced proficiency in various MS tools including Excel, PowerPoint, etc.