Who is Bank of America?
Bank of America, founded in 1904, is a leading global financial institution offering a broad spectrum of banking, investment management, and risk management services. Catering to individuals, businesses of all sizes, and governments, it operates across major financial centers worldwide, with headquarters in North Carolina, Chicago, Miami, Quebec and London.
What does Bank of America do?
Bank of America provides a wide range of financial services through its various divisions:
- Consumer Banking: Offers a full suite of banking services, including savings accounts, mortgages, and personal loans, to individuals and small businesses.
- Global Wealth and Investment Management: Provides investment management, financial planning, and private banking services to high-net-worth individuals and institutions.
- Global Banking: Delivers banking solutions such as lending, treasury services, and advisory services to large corporations, governments, and institutions.
- Global Markets: Engages in trading and sales of financial products, including equities, fixed income, and currencies, as well as providing capital markets and risk management solutions.
- Global Research: Offers in-depth analysis and research on financial markets, industries, and economies to support investment decisions.
- Risk and Treasury Management: Manages the firm's liquidity, funding, and risk exposure, ensuring financial stability and regulatory compliance.
Services the Organisation Provides:
The bank provides services to companies, governments and institutional investors such as:
- Strategic advice on mergers and acquisitions
- Equity and debt capital raising
- Sales and trading in fixed income, commodities, currency and equities
Values
- Deliver Together: Bank of America is committed to treating everyone as individuals and going the extra mile with dedication and passion.
- Act Responsibly: Integrity and risk management are central to their business, with decisions grounded in fairness and community responsibility.
- Realize the Power of People: They value diversity and aim to help employees reach their full potential, embracing differences in background and experience.
- Trust the Team: They build effective teams on trust and accountability, believing that collaboration best serves clients and shareholders.
Application Process
Stage 1: Application Form
You will be asked to provide details such as your name, university, contact details, work experience an two questions, each with a max word count of 150-200 words:
- Why Bank of America and the role you applied to?
- What skills and competencies can you bring to the role?
Stage 2: CV Submitting
Stage 3: Video Interview
In the application process, you'll need to complete a video interview. This self-recorded, automated interview will consist of five questions, each with a 30-second preparation time and a three-minute recording window. The questions will primarily focus on competencies. Be sure to choose a quiet, distraction-free environment with proper lighting and dress appropriately.
Stage 4: Application Review
Stage 5: Assessment Centre- Interview
Selected candidates will be invited for an assessment centre — typically, each candidate has a
mix of competency and technical interviews. Before the assessment centre, you will be briefed on
whether to prepare for a case study, individual presentation or group exercise.
Stage 6: Offers Out
Offers will be made to candidates who demonstrate a high level of competency at the
assessment centre.
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