At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organisation.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
The Team:
The Risk teams provide direct support to the lines of business and are responsible for establishing risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards. They also set enterprise policies, programs and standards; assess program adherence; and provide enterprise level risk oversight, reporting and monitoring for systemic risk issues.
Programme Overview
Global Risk Management is responsible for protecting the company through independent, objective oversight of risk, we effectively manage risk and reward for each of the company’s major lines of business.
Training and Development
Your training and development is our top priority with extensive formal training offered at the start of the programme in addition to on the job support, educational speaker events and mentorship throughout.
As a Summer analyst, you will be provided with the opportunity to work on various tasks necessary for the management of market, financial, compliance, operational enterprise risks and other types of risk. You will also have the opportunity to gain exposure to products traded, including credit products, interest rates, foreign exchange, equities and commodities, together, with a wide range of derivative products.
Responsibilities:
As a summer analyst, your key tasks and responsibilities may include but are not limited to:
Supporting the lines of business to establish risk management policies, limits, standards, controls, metrics and thresholds, with the defined corporate standards
Working with Risk Managers manage the company’s market risk exposures arising from its trading operations
Work on value at risk, stress and various other risk metrics used in the management of the trading business, together with ad-hoc qualitative and quantitative risk assessments
Promoting a culture across the company where risk management is embraced as vital to achieving responsible growth
Deliver results in an ever-changing dynamic environment
Reviewing and approving complex transactions
Advising on regulatory interpretations
Providing training, assessing regulatory developments, and implementing policies
Eligibility
Candidates are required to be in their penultimate year of study pursuing a degree from an accredited college or university
On track for a minimum 2:1 degree classification with graduation between September 2024 – June 2025
What we are looking for
Essential:
Has a drive for operational excellence and a commitment to achieving sustainable results
Show demonstrable evidence of self-learning outside of studies, and efforts to advance technical skills
Display clear motivation for exploring a Risk career within financial services
Demonstrate capacity for innovative and critical thinking, and strong problem solving
Demonstrate effective and impactful communication and interpersonal skills, and ability to interact with, and influence a variety of people
Display evidence of strong teamwork, leadership, and the ability to work in a fast-paced environment
Fluency in written and spoken English is a pre-requisite
Demonstrate integrity and ethics by earning other’s trust and respect through consistent honesty and professionalism in all interactions
Desired:
Exposure to and/or experience of research & Data analysis
Exposure to and/or experience of engineering & Process Design
Proficiency in Excel, SAS, SQL
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 is 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 are proud to focus on attracting, retaining and developing diverse talent within Bank of America. Together, we aim to mirror the customers, clients and communities we serve.
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 are 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 get back to you within two business days.
We offer a competitive Salary and Benefits package
Bank of America is one of the world’s largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading.
