2016 Veteran's Associate Program (VAP) - Full-time / Part-time

Program Overview:

The GBAM Veteran's Associate Program (VAP) is an elite 10-week rotational program designed for recently transitioned Veterans. The VAP is uniquely structured to offer Veterans the opportunity for a rotational placement across our Global Banking & Markets (GBAM) business where they receive on-the-job training, market compensation and are immersed in day-to-day industry experiences. The program allows participants to explore new career opportunities in the financial services industry while working at one of the world's leading financial institutions.

Program Location and Dates:

VAP 2016 takes place in New York City from February 22 to April 22

Program Structure and Description:

VAP candidates will ultimately be placed in one of two business tracks, within Global Banking or Global Markets, as determined during the Final Round Interview process based on candidate profile and overall strengths. Historical VAP Rotational Placements have included; Investment Banking, Capital Markets, Commercial Banking, Global Transaction Services (GTS), Sales & Trading, Research, Public Finance, Prime Brokerage, Municipal Banking & Markets, Global Wealth Investment Management (GWIM) and Global Risk.

Veterans will have an opportunity to work on cutting edge-problems and help develop innovative solutions in all aspects of client coverage and deal execution including:

Idea generation and seeking out new, value-added, and/or unusual sources of information

Performing complex financial modeling & valuation work ( discounted cash flow, pro forma merger, precedent transaction, comparable companies analysis, etc.)

Preparing pitch books, live deal materials, economic and market updates

Analyzing detailed corporate and financial information, as well as conducting due diligence

Pitching new business

Conducting industry and product research, database maintenance and/or writing reports

Building relationships and facilitating the information flow across a wide array of products and businesses

Coordinating the activities of team members and clients with minimal supervision while taking on new responsibilities

Adhering to the highest degree of professional standards and strict client confidentiality

The VAP model is highly engaging and programmatically structured:

One week of formal intense technical, organizational structure, divisional/business and soft skill set developmental training (based on Business Track)

Combination of classroom instruction, e-learning modules, educational speaker series, case studies, and presentations from/to line of business throughout program

Mentorship across bank and military leaders

Peer and professional networking with Bank of America Merrill Lynch professionals and associates across multiple businesses throughout the full cycle of the program

2016 Program Logistics:

Applicants must be available to participate in full duration of program in New York City

Current geographic deployment is not factored into programmatic approach and design (domestic or abroad)

No exceptions will be granted

Applicants should consider their long-term career interest in financial services and whether this type of program is best suited to those interests

Veterans considering and/or have already applied to business school are encouraged to apply through our MBA Recruiting efforts and will not be considered for this program

Veterans seeking immediate hire for open roles at the bank should apply through our Lateral Recruiting efforts and will not be considered for this program

A full list of all bank career opportunities can be found at bankofamerica.com/careers

Program participants receiving Full-Time offers must be prepared to begin working on or before Monday, May 2

Veterans may also be required to complete Full-Time Training in July 2016 as part of Program Management for new Associates

Market specific specialized licensing and certification may be mandatory post completion of the program (depending on LOB and role including but not limited to Series 7, 55, 63, 79)

All rotations during VAP and Full-Time placements will either be in the New York or New Jersey regions

Qualifications:

VAP candidates must demonstrate a combination of relevant experience, ability to multi-task various projects concurrently, adaptability in an ever-changing market driven environment, strong interest in global financial markets, academic aptitude, track record of superior performance in extracurricular and professional activities, and strategic/creative thinking.

Some common driving characteristics we look for include; team focus, decisiveness, initiative, strong work ethic, highly motivated, assertiveness, dynamic, ability to grasp concepts quickly.

Ideal candidates should possess:

BS/BA degree (required) with outstanding academic qualifications

Complete with Active Military commitment and/or currently serving in the Military Reserves or National Guard required

Strong quantitative/analytical skills; numeric and problem solving orientation

Organizational skills; focus on attention to detail

Distinguished verbal and written communication skills, ability to present complex material in a simple manner

Strong interpersonal skills and interest in working with clients (majority of roles are client facing and/or require an interest in facing off with clients)

Proficiency in Microsoft Office programs (emphasis on Excel and PowerPoint) and familiarity with market data sources a plus

Enhancing skills:

Degree concentrations in Finance/Applied Mathematics/Physics/Engineering/Computer Science/Statistics or Finance-related degree desired

Understanding of accounting, financial modeling, and corporate finance

Working knowledge of financial statements

Some roles may require knowledge of at least one programming language (including but not limited to java, c, c , scala, perl, r, slang, etc.), In these cases, experience in statistics or machine learning a plus

Database including NoSQL or column stores and data visualization experience also a plus