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ISG Capital Markets New Issue Diligence Specialist

Merrill Wealth Management
New York, New York
Commensurate with Experience
Closing date
Apr 5, 2024

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Job Role
Financial Advisor
Employment Type
Full Time
Experience Level
1-4 years
CFP® Certification

Job Details

Job Description:

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 organization.

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!

Job Description:

The New Issue Capital Markets Product Diligence Specialist will help conduct issuer due diligence.  Additionally, the individual will be responsible for assisting with the origination and marketing process for the broader ISG Capital Markets New Issue business (e.g., Closed End Funds, Debt New Issue, Equity New Issue, Private Placements and Unit Investment Trusts). 

The role requires analytical work, relationship management, and a strong understanding of capital markets and underwriting processes. Prior experience as an investment or corporate banker with capital markets diligence experience, especially covering and conducting diligence on banks and financial institutions, is preferred. Acts as the senior product representative on a client team and is solely responsible for all product transactions with key clients. Negotiates fee structures. Has extensive, in-depth knowledge of product functions and can operate independently in handling transactions. Strong client relationship skills used to control and coordinate all aspects of a transaction, from marketing and documentation to closing.

Specific responsibilities consist of analyzing public earnings announcements, financial statements and news and private material on issuers and preparing materials for GWIM's committees to review and approve individual issuers.  Additional responsibilities include interfacing directly with advisors around deal questions, general market color and investment characteristics on broader New Issue offerings. The role also requires live deal support, management reporting, FA support, marketing and sales skills, order entry support, and some ad hoc reporting and administrative tasks. 

  • Highly motivated, dynamic, innovative, and team-oriented individual.
  • 8 years of financial services experience preferred.
  • Investment product knowledge and client facing experience.
  • Dedicated work ethic & initiative, and desire to learn.
  • Ability to multi-task and adapt under pressure.
  • Strong project management skills - able to prioritize and deal with shifting deliverables and deadlines.
  • Strong interpersonal skills - able to work within groups, as well as individually.
  • Excellent verbal & written communication skills
  • Exposure to different asset classes at a high level, to fully understand differences between fixed income (corporate and municipal), asset-backed securities, and equities.
  • Thoroughly versed in evaluating accounting, financial and business diligence, and experience evaluating financial statements.
  • Moderate to advanced knowledge of MS Office suite of products (Excel, Word, PowerPoint, Outlook)
  • Must be able to function in an open area (trading floor) environment.
  • Working knowledge of Bloomberg desired. 
  • Required registrations include: Series 7, 63 and 65 (or 66), & 79, or ability to obtain within 120 days of hire

  • Analytical Thinking
  • Customer and Client Focus
  • Financial Forecasting and Modeling
  • Monitoring, Surveillance, and Testing
  • Risk Management
  • Causation Analysis
  • Client Management
  • Market Analysis
  • Product Marketing and Branding
  • Relationship Building
  • Negotiation
  • Networking
  • Presentation Skills
  • Product Management

Minimum Education Requirement: Bachelor's Degree required or equivalent work experience

Job Band:

1st shift (United States of America)

Hours Per Week:


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