Analyst/Associate

Job Description:
Overview

ABS Banking & Finance, part of Global Mortgages and Securitized Products, is responsible for origination and execution of term asset-backed securities (ABS) transactions and secured lending transactions. We manage a secured loan portfolio of approximately $25B to provide clients with credit capacity for warehousing collateral for future ABS issuances. We primarily focus on issuers of ABS backed by credit card receivables, auto loans & leases, student loans, equipment loans & leases, and timeshare loans among other assets. We are consistently a top 3 underwriter in the US ABS market.

ABSF is a 30 person group comprised mostly of client coverage deal teams. Our teams focus on both “regular way” deals issued by frequent ABS issuers (e.g., credit card and auto issuers) as well as working on new products for markets that are still developing (e.g., securitization of aircraft leases). Our team is responsible for origination, execution and closing of transactions. We interact with deal counsel, outside auditors and the rating agencies as we construct transactions. We work with our ABS Syndicate Desk and Mortgage Sales Force to market the securities to investors.

The ABS Analytics team (which is part of ABSF) supports our origination and execution efforts as follows:

Using BAML’s internal structuring tools, model new/proposed transactions as well as reverse engineer existing transactions and make recommendations on how to improve the efficiency of the trade.

Using Intex DealMaker, create a model that will be distributed to Investors to assist them with their investment decisions.

Provide a detailed comparative analysis of the recommendations for inclusion into client presentations.

Structure, rate and price securities for our issuer clients.

Review modeling assumptions in offering documents and tie-out with accountants.

Interact with both our issuer and investor clients to explain modeling assumptions and results.

Qualifications:
Bachelors Degree required, concentration in Computer Science, Math, Engineering, or Computational Finance preferred

Microsoft Office (Excel, PowerPoint), C++, Microsoft VBA, Access, Intex

Previous financial modeling experience strongly preferred

The candidate should have high technical skills and an interest in learning and working in ABS

Strong verbal and written communication, presentation skills

Ability to multi-task in a fast-paced environment

Minimum of 2-5 years experience in financial services experience or related industry

Our Business

Bank of America Merrill Lynch professionals deliver innovative solutions and exceptional execution to help clients meet their complex financial objectives. Our approach has made us a premier provider to our clients, which include institutions, corporations and consumer entities. As securitization has become an increasingly important source for funding and capital raising for our clients, it is imperative for our institution to maintain our position as a market leader in this segment by being client focused and innovative.

Shift: 1st shift (United States of America)

Hours Per Week: 40