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UHNW Sr. Product Specialist - OTC EQ
UHNW Sr. Product Specialist - OTC EQ-July 2024
New York
Jul 13, 2025
ABOUT BANK OF AMERICA
Bank of America is a leading financial institution, serving consumers, small businesses, and large corporations with a full range of banking, investing, and other financial products and services.
10,000+ employees
Financial Services
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About UHNW Sr. Product Specialist - OTC EQ

  UHNW Sr. Product Specialist - OTC EQ

  New York, New York

  Job Description:

  The Investment Solutions Group (ISG) provides investment solutions, trading capabilities, fiduciary execution, advisor and client support for all Bank of America’s wealth channels including Merrill Lynch Wealth Management, BofA Private Bank and Merrill Edge. ISG serves around three and a half million clients and eighteen thousand advisors across these channels. The vision of ISG is to deliver industry leading investment offering and platforms that support wide range of client segments’ needs leading to exceptional client outcomes. ISG offers a wide breath and depth across investment solutions, trading and fiduciary execution including traditional investments, alternative investments, personal retirement solutions, impact solutions.

  Job Description:

  The Structuring, Origination and UHNW Solutions team (“the Team") is cross-asset structured products unit responsible for originating, structuring, positioning and executing transactions for both retail and Ultra High Net Worth clients based across the Americas. Focus on over-the-counter and securitized cross-asset products with embedded vanilla or light-exotic optionality on equity, commodities, currencies, interest rates and hybrid underlying assets.

  As part of their responsibilities, professionals on the Team develop research-driven strategic and tactical trading ideas; interact with Financial Advisors to provide advice on portfolio hedging and positioning based on client's objectives and risk tolerance; and engage in the structuring, origination, positioning and execution of OTC derivatives and fully funded transactions across all the asset classes.

  The ideal candidate will have strong OTC Equity Derivatives background with at least partial cross-asset derivatives skills and a minimum of 5 years of prior experience working in both client coverage and OTC derivatives capacity, with strong focus on and Hedging & Monetization preferably.

  The successful candidate will be a well-rounded individual who possesses strong quantitative, analytical and communication skills. This person will be responsible for all aspects of the origination and marketing of the previously mentioned products; including preparing term sheets, ideas/marketing materials and presentations; pricing derivatives and executing transactions. The candidate will be extremely organized and motivated, and should have a general knowledge of global economies, macro topics and financial markets

  Main focus is to facilitate the origination, marketing, pricing, positioning and execution of Equity OTC products, with focus on Hedging & Monetization and other single stock risk management solutions

  Partial focus in facilitating the origination, marketing, pricing, positioning and execution of other OTC derivatives across different asset classes as well as Market-Linked Investments (Structured Notes).

  Interact with specialists, financial advisors, trading and structurers on a daily basis to relay market color, research, and trading related information

  Identify research-driven trading ideas and market opportunities to drive business

  Liaise and interact with traders to facilitate transactions and provide competitive pricing for clients

  Conduct marketing presentations in front of large audiences

  Assist in the on-boarding process of clients

  Liaise with senior management and members of legal, compliance, trading and research

  Proactively develop and maintain relationships with financial advisors and clients

  Job Requirements:

  At least 8 to 10 years of relevant work and analytical experience in the areas described above

  Multi-tasking and ability to work under pressure

  Strong marketing and presentation skills

  Ability to work as a team player in a dynamic, fast-paced and collaborative work environment

  FINRA registered representative with Series 7 and 66 (or 63/65) required at time of hire

  Strongly prefer candidates with 79 license, or willing to obtain after hire.

  MS, MBA and/or CFA are desirable but not necessary

  Excellent Bloomberg and MS Office skills

  Very Strong quantitative, analytical and communication skills

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

  Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

  To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

  To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

  Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

  To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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