Global Payments Solutions Summer Analyst Program null

About Bank of America

Bank of America, among the world's largest financial institutions, serves a diverse clientele with a full range of banking, investment, and risk management services. With approximately 56 million U.S. consumer and small business relationships, the company is a global leader in wealth management and corporate banking. Its broad offerings and extensive reach position Bank of America as a significant player in the global financial landscape.

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Your role

Global Payment Solutions (GPS) is a central business unit within Bank of America's global operations.  This division offers working capital solutions on a global scale, encompassing services like liquidity management, payments and receipts processing, trade and supply chain finance, foreign exchange, and commercial card services. Their clientele ranges from three million small businesses to large multinational corporations, financial institutions, and governments worldwide.

Bank of America boasts a long history of providing working capital solutions in the Asia Pacific region since 1947. Their offerings are specifically tailored to address the evolving needs of clients with a diverse geographic presence.  As a Summer Analyst within Global Payment Solutions, you'll have the opportunity to collaborate closely with GPS professionals on strategic business initiatives and projects.  The specific placement for Summer Analysts is determined during the hiring process, ensuring a good fit between business needs and the interests and skills of each individual. The various teams in GPS include:

• Corporate Treasury Sales
• Financial Institutions (FI) Treasury Sales
• Treasury Product Solutions
• Asia Trade & Supply Chain Solutions

What you’ll do:

• Manage projects, understand the requirements of the project and practice time management, project planning and execution skills to complete your project within the relevant timeframe
• Prepare presentation and other materials to support delivery of proposals to clients / prospective clients
• Conducting comprehensive and in-depth company and industry research
• Participate in meetings/calls with clients and follow up on any action points where required
• Create various client or internal documents, materials, reports and data inventories as required
• Proactively network internally to learn more about the business as well as report back on business initiatives worked on
• Integrate as a team member and communicate with the team on project milestones
• Support the team to solve client needs and generate revenue for the bank
• Learn from, and work with, teams across the business, including senior managers within your team, experts in other areas of the firm and colleagues from around the globe

Training, development & rotations

The Summer program is a 10-week program designed to provide Summer Analysts with a unique opportunity to gain exposure to life at Bank of America and also make significant contributions to the team. The Summer Program begins with an orientation and induction to the firm. Summer Analysts are given a true associate experience, as assignments mirror full-time responsibility and include goal-setting and a formal review process.

Benefits

Bank of America is committed to supporting Summer Analysts and providing them with the following benefits:

• Access to the bank’s learning hub containing a variety of learning resources, ranging from banking fundamentals to communication skills
• Structured and on-the-job training
• Networking and social opportunities
• Speaker series with senior management across all lines of business
• Corporate Social Responsibility project/learning
• Involvement in Diversity and Inclusion training/events

Career progression

The company recognizes that supporting employee development is crucial for talent retention and business sustainability. To achieve this, they offer a variety of leadership-backed programs and learning resources catering to every stage of an employee's professional journey. This commitment reflects their understanding that employees are the most valuable asset, driving business growth and exceptional service to clients and communities.

Work-life balance

Bank of America prioritizes work-life balance by fostering personal connections among employees through clubs, networks, and various activities, contributing to a strong and inclusive workplace. The support for arts and cultural organizations grants employees premium access to museums and cultural events globally, promoting community engagement. Additionally, initiatives like Get Active! inspire employees to pursue a healthier lifestyle through team-based physical activity challenges, reinforcing a culture that values well-being and camaraderie.

Company culture

They are driven by a shared commitment to improving financial lives through meaningful connections. They emphasise responsible growth, prioritizing its global workforce's well-being through diversity, inclusivity, and competitive benefits supporting physical, emotional, and financial health. They foster a collaborative environment, providing career opportunities for individuals seeking personal and professional growth.

About you

What Bank of America is looking for:

• Penultimate year Undergraduate/Master’s degree student with outstanding academic achievement
• Strong quantitative and analytical skills
• Effective verbal and written communication
• Comfortable with change and adjusting to changing demands and requirements
• A strong team player and client-focused
• Demonstrates energy and initiative
• Positive approach and open to learning new skills
• Creative thinking and problem-solving skills
• Fluency in English is essential, appropriate Asian language skills are also essential for some roles and countries

Source

The following sources were used in researching this page:

• careers.bankofamerica.com/en-us/benefits/career-growth
• careers.bankofamerica.com/en-us/benefits/part-of-the-package
• about.bankofamerica.com/en/working-here/employee-benefits
• careers.bankofamerica.com/en-us/culture/shared-interests