CORPORATE BANKING & DEBT CAPITAL MARKETS | ANALYST OFF CYCLE INTERNSHIP, Bank of America Merrill Lynch

Job Title	CORPORATE BANKING & DEBT CAPITAL MARKETS | ANALYST OFF CYCLE INTERNSHIP
Employer	Bank of America Merrill Lynch
Job Type	Internship
Location	London, UK
Industry	Investment Banking
Experience	0-3 Years
Languages	English
Deadline	Thursday 14th May 2015

Duration3-6 months
Sub division
Minimum eligibility requirementCandidates should be in their penultimate year of study, expecting to graduate in 2016
Language RequirementsFluent written and spoken English
Job DescriptionOur Business

Global Corporate and Investment Banking
Global Corporate and Investment Banking (GCIB) provides advice and services to large corporations, governments and institutions around the world. GCIB provides the firm’s clients with a broad range of services and products, including mergers and acquisitions and strategic advice, lending, access to debt and equity capital markets, treasury services and tailored risk management solutions.

Corporate Banking & Debt Capital Markets

Bank of America Merrill Lynch has integrated its Corporate Banking and Debt Capital Markets businesses across EMEA. The role of the combined team is to manage client relationships, provide strategic advice and execute transactions across three key areas:
•Capital raising (e.g. bonds, loans, acquisition finance, leasing)
•Risk management (FX, rates, commodities, pensions)
Treasury solutions including cash management and trade finance. The group works closely with the Investment Banking coverage teams, whose focus is primarily on M&A and equity.
Organised on a geographic basis, the Global Corporate Banking group serves a range of corporate clients on a global basis across the Americas, EMEA and Asia Pacific. Outside the US, the focus is on large global multinational corporate and financial institution clients. Within EMEA, we cover over 600clients, and have a relationship with 70% of FTSE 100 Corporates.
Corporate Banking and Debt Capital Markets covers a broad array of areas across financial markets, , with a need to work on a range of complex solutions and with a diverse range of people across the bank to deliver for our clients. Given many of the product areas are market dependent, the landscape is constantly evolving, which ensures a rewarding career experience.
Overview
As an intern within Global Corporate Banking and Debit Capital Markets, you will:
•Assist Global Corporate Banking and Debt Capital Markets professionals in relationship management, origination and execution across a diverse set of product areas
•Gain an in-depth understanding of our clients, the industries in which they operate and how the bank helps support both their growth aspirations and day-to-day banking requirements
•Provide market-informed judgments on a broad array of financing strategies to address clients’ specific needs
•Become proficient at credit analytics and the various metrics used to price and structure various debt instruments
•Gain familiarity with the legal and documentation aspects of various debt instruments as key step in debt execution
•Work on live transactions and interact with clients as you build your network and experience
•Help to generate ideas and cross selling opportunities for new and existing clients
•Support the Global Corporate Banking and Debt Capital Markets team in the development of client specific analysis (e.g. capital structure, acquisition finance)
•Stay informed on the latest market developments, interacting with other teams as appropriate
•Work closely with Investment Banking teams on client coverage and origination

Training

An off-cycle internship offers extensive on the job training supported by some formal learning opportunities including:
•Constructive feedback sessions through performance evaluations
•A formal buddy and mentoring programme
•Opportunities to interact with senior bankers and network with peers
•Access to the banks online learning portal offering short courses on our different business areas and products

Qualifications
•Applications are accepted from a diverse range of degree disciplines such as the arts and humanities, as well as numerically focused subjects such as economics and mathematics
•Strong A-level grades and on track for a minimum 2:1 degree (or equivalent)
•Fluency in English is essential and a second European language may also be required for some roles
•You’ll need to demonstrate drive, innovation and a genuine interest in the financial markets
•Team-working, leadership and problem-solving skills, plus creativity are key qualities, as is the ability to work in a fast-paced environment, multi-task and interact with a variety of people

Competitive Salary
Application processStage 1: Part 1 of the Online Application Form
Stage 2: Online Numerical Reasoning Test
Stage 3: Part 2 of the Online Application Form (for those who meet or exceed the minimum numerical reasoning requirement)
Stage 4: Successful applicants will be invited to a series of interviews and to complete the numerical test again

PLEASE NOTE: You will only be able to apply to ONE programme. Therefore, please consider your choice of application carefully.
Closing Date14 May 2015
Additional closing date informationWe recruit on a rolling basis, so please ensure you apply early.

About Bank of America Merrill Lynch

Global Investment Banking focuses on building long-term relationships with more than 3,000 large corporations, financial institutions and financial sponsors, by providing strong advisory expertise and capitalising on powerful M&A, corporate banking, treasury, debt and equity product expertise to deliver integrated financial solutions. We have a significant presence in the Americas, Europe, Emerging Markets (ex-Asia) and Asia Pacific.