Associate - Business Selection & Conflicts (BSC) - Global Corporate & Investment Banking (GCIB)

Bank of America • New York, NY

4d • $95,000 - $161,700 • Onsite

About The Position

Bank of America (www.bankofamerica.com) is one of the world's largest financial institutions, serving individual consumers, small businesses and large corporations with a full range of banking, investing, asset management, and other financial and risk-management products and services. Associate Position in Business Selection & Conflicts Group (New York) The Business Selection & Conflicts Group (BSC) is the first point of contact within Investment Banking on potential new business opportunities as well as queries regarding ongoing transactions. BSC clears all new potential business mandates to confirm potential conflicts of interest are anticipated, identified, and managed. BSC also drives decision making on business selection issues to ensure the firm is committing to the most attractive opportunities. BSC is a global group based in New York, London and Hong Kong that interacts daily with investment bankers as well as with various functions within Investment Banking (legal, compliance, finance, business operations). Since all new investment banking mandates must be analyzed by BSC before they are accepted by the firm, the group works in a very demanding, time sensitive environment. Principal Responsibilities The position is designed to provide a broad range of responsibilities and exposure, with tasks ranging from monitoring and reporting news on M&A deals to assisting senior members of the group with analyzing sensitive and high-profile transactions. While the person in this position will experience all aspects of the business selections and conflicts clearance process, the role’s principal responsibilities include: conducting initial conflicts checks and collecting relevant details for new potential business opportunities; monitoring business mandates and identifying issues that arise following initial conflicts clearance; managing the deal teams’ inquiries and expectations regarding conflicts clearance outcomes and timing; and documenting and tracking all conflicts checks, status updates, key information, and deal documentation in BSC’s database

Requirements

• Candidates should have strong analytical skills, an interest in financial markets, enthusiasm about learning the business and ability to work effectively with a team
• excellent written and verbal communication skills
• strong attention to detail and organization skills
• an ability to learn quickly, work in a time sensitive environment and think creatively to solve problems and anticipate potential questions or issues
• effective time management and prioritization skills
• an understanding of how to handle and manage confidential information
• an ability to quickly and efficiently navigate information systems
• proficiency with Microsoft Office Suite – PowerPoint, Excel, Word and Outlook

Nice To Haves

• 1-2 years transaction-oriented experience in a business, legal or compliance-oriented role
• an undergraduate degree in Finance, Accounting, Business, Economics or other relevant field is a plus

Responsibilities

• conducting initial conflicts checks and collecting relevant details for new potential business opportunities
• monitoring business mandates and identifying issues that arise following initial conflicts clearance
• managing the deal teams’ inquiries and expectations regarding conflicts clearance outcomes and timing
• documenting and tracking all conflicts checks, status updates, key information, and deal documentation in BSC’s database

Benefits

• This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
• This role is currently benefits eligible.
• We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
• Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees