JOB POSTING INFORMATION
Position Type:	Professional Experience Year Co-op (PEY Co-op: 12-16 months)
Job Title:	Fixed Income Trading Analyst Intern - Residential Mortgages 2024-2025
Job Location:	Toronto ON
Job Location Type:	On-Site
Number of Positions:	1
Salary:	Salary Not Available, 0.0 hours per week
Start Date:	05/01/2024
End Date:	08/22/2025
Job Function:	Finance and Accounting
Job Description:	Fixed Income Trading Analyst Intern - Residential Mortgages 181 Bay Street, Toronto   Bank of America is one of the world's largest financial institutions, serving individual consumers, 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. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.  In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.  Description The Fixed Income Trading Analyst-Intern will work directly with the Mortgage Trading team on a daily basis. Bank of America is a market leader in the NHA MBS space, and is also an active participant in the Canada Mortgage Bond (CMB) program. On a daily basis we work with mortgage originators to purchase loans, hedge our exposure, and sell securitized MBS to our Bank/Pension Fund/Insurance Company/Government clients.   Bank of America 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. Our team is unique in its breadth of mandate, delivering solutions across all asset classes and product types – from residential mortgage aggregation and securitization to exotic credit derivatives – we provide an excellent learning opportunity to a new team member.   As a 14-16 month intern, you will begin your career at Bank of America with extensive on the job desk training. Throughout the program, you will have ample opportunities to work closely with professionals and peers throughout our organization.   Internship candidates will interview for the group through an extensive interview process.  Interns will be located in Toronto.   Responsibilities An analyst’s responsibilities include the following: Assisting senior traders/sales professionals in management of mortgage portfolio Aid in daily P&L process Design models and back-testing tools Extensive analysis of historical data and database management  Prepare client presentations and other materials related to structuring and executing securitization transactions Communicate and interact with deal team members across product groups
Job Requirements:	Qualifications The ideal candidate should have a strong mathematical background and a keen interest in the financial markets Must demonstrate a combination of academic aptitude, quantitative skills, strategic and creative thinking, and distinguished written and oral communication skills Knowledge of macro economics as well as equity, fixed income, mortgage-related, and derivative products is a significant asset Interns are required to manage several projects at once and work effectively as part of a team Should have a reasonable comfort level programming with Window-based development tools including Visual Basic; familiarity with SQL and database design is a plus Additional characteristics sought in candidates include: assertiveness, thrives under pressure, attention to detail, exceptional academic achievement, team focus, leadership, strategic and creative thinking capabilities, strong work ethic, and excellent communication skills
Preferred Disciplines:	Engineering Science (Math, Stats & Finance) Commerce Economics Math & Stats
All Co-op programs:	No
Targeted Co-op Programs:	Targeted Programs Professional Experience Year Co-op (12 - 16 months)

APPLICATION INFORMATION
Application Deadline:	Oct 20, 2023 11:59 PM
Application Receipt Procedure:	Employer Website
If by Website, go to:	https://bankcampuscareers.tal.net/vx/lang-en-GB/candidate/postings/9513
Additional Application Information:	How to Apply Please include your detailed resume for the Fixed Income Trading Analyst Intern in accordance with the instructions below by applying to: Click Here To Apply Now – Fixed Income Trading Analyst – Residential Mortgages Intern Select: Apply & Complete the Application Form Note from the Engineering Career Centre In addition to applying via the employer's website, please click "I intend to apply" so we can track your application.
U of T Job Coordinator:	Nabeela Rahman

ORGANIZATION INFORMATION
Organization:	Bank of America Merrill Lynch
Division:	Main Division
Website:	campus.bankofamerica.com

ADDITIONAL INFORMATION
Length of Workterm:	FLEXIBLE PEY Co-op: 12-16 months (range)