Prime Financing, 2027 1-Year Placement Analyst - London

Prime Financing, Placement Internship

Location: London, UK

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance, allowing for an appropriate level of flexibility for teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

The Team

Our Global Markets Off-cycle Analyst programme gives our interns exposure to the various products within Equities Financing. This may include Physical Prime Brokerage, Stock Loan, Single Name and Index Delta One products, Account Management, and Financial Resource management.

Programme Overview

Our off-cycle interns participate in a 12-month programme within Prime Financing. Mirroring the role of various full-time employees, this programme provides a unique opportunity to gain exposure to life within Prime Finance, tailored to the skills and profile of the successful candidate(s).

This may include:

• Account Management: strengthening relationships with our hedge fund clients through excellent servicing of accounts, seeking commercial opportunities to drive business in the future, and proactively spotting efficiency improvements to reduce risks and enhance existing processes.
• Prime Financing Trading: working with Stock Loan and the Swaps trading desks, which offer synthetic access to clients looking to access global Indices and physical and synthetic access to Equity-linked securities listed within the EMEA region.
• Financial Resources Group (FRG): growing and optimizing Prime Financing client revenues and clients’ resource footprint within the parameters of the firm’s binding constraints (capital, liquidity, balance sheet), as well as exposure to other areas of Prime Financing and how it fits into the broader Equities and Markets franchise.

As the off-cycle internship acts as a hiring channel for our Prime Financing graduate programme, you will be given responsibilities early and relied on to make a significant contribution to the team and our client franchise.

Training and Development

Your training and development is a 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.

Responsibilities

As an off-cycle analyst, your key tasks and responsibilities may include, but are not limited to:

• Gaining an in-depth introduction to the bank, its culture and global reach, alongside other newly hired analysts.
• Building strong relationships through direct interaction with hedge fund clients while servicing accounts efficiently and effectively.
• Learning from teams of professionals across the bank while working within experienced Prime Financing teams to enhance knowledge of the products and processes employed by the desk, and to develop an understanding of client demands and how we deliver our product. This may include risk and collateral management, regulatory initiatives, finance to ensure we maximise revenues and returns, and operations to ensure an optimal client experience across our systems and platforms.
• Risk management: working with traders to better understand the risk profile of the book and determine the most optimal way of hedging.
• Pricing: working with traders and FRG to price new business across a broad spectrum of Equity Financing products.
• Short coverage: assisting traders on sourcing optimal borrow liquidity, considering cost, collateral and capital efficiency to meet firm and client net short obligations.
• Market color: providing daily market color on borrow liquidity and fees across stocks across the EMEA market universe.
• Data analysis: assisting in analysing data to understand the book and our clients and help drive STP efficiencies.
• Understanding front-to-back: working with broader operations and settlements teams to understand the full lifecycle of a trade.
• Producing in-depth profitability analysis of your subset of clients to help highlight business growth opportunities and prospective revenue adjacencies.

In addition to regular responsibilities, you will collaborate on exciting and challenging longer-term projects that continue throughout the internship period, such as identification and implementation of operational efficiency initiatives to streamline processes.

Eligibility

• Candidates must be pursuing a Bachelor’s or Master’s degree from an accredited college or university with a completion time frame between September 2028 and July 2029. Completion means completing all final exams and coursework and having no outstanding requirements for graduation. The firm reserves the right to request evidence of this completion date before extending an offer.
• On track for a minimum 2:1 degree classification (or equivalent).

Candidates who perform well during the internship may be offered full-time employment to commence in July 2029. Some lines of business may also offer the opportunity of a January or April start date. You must be available to join on one of these start dates if offered; deferrals are not available.

What We Are Looking For

• Applications accepted from a diverse range of degree disciplines, including the arts and humanities, as well as numerically focused subjects such as economics and mathematics.
• Fluency in English is essential; a second European language may be required for some roles.
• Demonstrate drive, innovation and a genuine interest in the financial markets.
• Ability to grasp a wide variety of products and handle multiple projects simultaneously.
• Team-working, leadership and problem-solving skills, plus creativity; ability to work in a fast-paced environment, multi-task and interact with a variety of people.
• Accountability and productivity.
• Analytical and problem-solving skills.
• Ability to influence decisions and outcomes through effective communication and interpersonal skills.
• Ability to promote cooperation and commitment within a team environment to achieve goals and deliverables.
• Integrity and ethics by earning others’ trust and respect through consistent honesty and professionalism in all interactions.

Our Recruitment Process

Analyst internship and full-time recruiting takes place on a rolling basis once applications are open. Assessments often begin before the deadline, so it’s best to submit your application early to maximise your chance of being considered.

We are committed to shaping the world of work to be equal and inclusive. We welcome applicants from all backgrounds and focus on attracting, retaining and developing diverse talent within Bank of America, aiming 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. Candidates are selected for interview based on skills, qualifications and experience.

Workplace Adjustments

Bank of America is committed to ensuring the 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, email juniortalentemea@bofa.com and let us know. They will respond within two business days.

Salary and Benefits

We offer a competitive salary and benefits package.