Global Transaction Services Apprentice 2024 - London

Job Description

Global Transaction Services ApprenticeLondon, United KingdomAbout UsAt 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. Were devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences andinvest 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 organisation. 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 & Programme OverviewOur Apprentice programme starts in September 2024, you will join our Global Transaction Services (GTS) division working in a full-time role in one of our Product or Sales teams whilst studying with one of our trusted learning providers. You will spend most of your time working alongside experienced colleagues, learning relevant and valuable skills, and contributing to exciting projects whilst also following an established apprenticeship programme, graduating after four years with a Level 6 Financial Services Professional Apprenticeships, which includes a Degree in Applied Finance. Apprentices evolve during the programme based on their career aspirations and depending on how quickly their technical and soft skills develop. We encourage apprentices to take advantage of employee networks, mentorship and all other resources made availableto them to accelerate their career. Successful apprentices will continuously relate what they are learning with their work at Bank of America, as they progress through their degree program. Global Transaction ServicesBank of America Global Transaction Services (GTS) is a leading provider for treasury and cash management solutions. We serve more than 100,000 clients globally, spanning across all segments and industries, from middle-market businesses to the worlds largestcorporate and financial institutions. We leverage innovative technology to empower our clients to efficiently manage their operational finance needs for their day-to-day business activities, in the most efficient way, enabling them to access their working capital when they need it, where they needit and how they need it. To do this, we offer a wide innovative product suite with a strong technology focus, including:

• Liquidity Management
• Payment and Receipts
• Transactional Foreign Exchange
• Trade and Supply Chain Finance
• Commercial Card
• Platform and Channels (Online portal, Mobile app, Machine-to-Machine and API Connectivity)

GTS consists of the following areas:

• Sales:
  • Leading and pitching the optimal product offerings to our clients with a consultancy and solution focused approach based on clientsneeds.
  • Growing and maintaining ongoing client relationships.
• Product Management:
  • Managing product linesProfit & Loss, with an entrepreneurial mindset.
  • Develop new products and improve existing offerings based on industry trends and regulations, whilst factoring clients feedback. This is not a one-man job. To do this, PMs partner with Technology, Operations, Compliance, external vendors, and other relevantstakeholders, to bring to life their vision for the product in conjunction with the firm-wide strategies.
  • Product Sales Specialists (PSS) offer product expertise, consultation, and support to win and grow business. PSS also present product capabilities directly to clients.
• Sales Enablement:
  • Supporting the GTS business on various initiatives, such as Data Analytics, Revenue Management, Contract Management, Bid Management, and Commercialisation.

Each area presents the opportunity to interact directly with clients across the business life cycle, exploring innovative solutions and expansions of the clients business and gain an understanding of the most up to date technology used in treasury. As an Apprentice within Global Transaction Services, you will work closely with GTS professionals on strategic business initiatives and projects. Youll experience first-hand how money moves around the globe and how our treasury and cash management solutionssupport transaction flows for some of the biggest corporates and financial institutions in the world. You may be asked to help with managing projects, prepare presentation and other materials to support delivery of proposals to clients/prospective clients, conduct comprehensive and in-depth company and industry research, participate in meetings/calls with clientsand follow up any action points where required, support the team to solve client needs and generate revenue for the Bank. You may also be involved in product development, risk management and process improvement work, supporting the client experience of GTSproducts and services. Essential and desired competenciesAs the successful applicant, you will have the following behaviours and competencies:

• The desire to learn with demonstrable evidence of self-learning outside of studies
• Ability to display clear motivation for exploring a career within financial services
• Ability to demonstrate capacity for creative thinking, problem solving and the ability to deal with competing priorities
• Effective communication and interpersonal skills, and ability to interact with a variety of people
• Displaying evidence of strong teamwork

EligibilityTo be eligible for the apprentice program, you will:

Hold or predict to achieve at least 3 A levels/BTEC or equivalent with a minimum of BBB

English Language GCSE grade 5 or equivalent

Maths GCSE grade 6 or equivalent

Be a resident of the UK for the past 3 years

Not in full-time education when starting the apprenticeship

Have the right to work and remain in the UK indefinitely Have not completed a qualification or apprenticeship at the same level or higher which provided you