Capital Markets Development Program Detroit
Welcome
We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one.
Job Responsibilities
Capital Markets Analyst Development Program, Comerica Capital Markets
Location : Detroit, MI
Start: July 2024
Summary:
The Capital Markets Analyst Development Program -- is an accelerated and challenging career path designed to develop Analysts into well-rounded colleagues that exhibit a solid finance and credit foundation, as well as strong relationship development skills. The program is two years and introduces Analysts to the full scope of Comerica's capital market product offerings including Debt Capital Markets (Loan Syndications and Fixed Income), Derivatives and Foreign Exchange trading, and Investment Banking. Depending on individual performance, some analysts are invited to stay for a third year and move into one of our Capital Markets operations.
Professional career development through assessments, coaching, team building, and mentoring
- Exposure to senior and executive leadership
- Collaborative and supportive team environment
- Gain in-depth knowledge of Capital Markets products and services including Debt Capital Markets, Derivatives, Foreign Exchange, and Investment Banking services.
- Lines of Business: Technology Life Sciences, Equity Fund Services, Environmental Services, International, National Dealer Services, as well as Large Corporate and Middle Market sectors
- Program Footprint: Dallas, TX, Detroit, MI
- Development program that includes initial classroom training sessions in finance and credit skills
Position Responsibilities:
Program Structure and Development Opportunities
Phase I: Credit Training
Formal credit training takes place within a Commercial Underwriting Center. During Phase I, Analysts will complete classroom training sessions. In this program the Analysts will:
- Receive credit analysis training
- Analyze financial information to identify key strengths, credit risks, and mitigating factors
- Determine appropriate debt structures to meet customer needs
Phase II: Finance Training -- "Training the Street"
The finance training portion of the program includes coursework in accounting, communication skills, debt and equity capital markets, Excel, financial analysis, modeling, and valuation primarily taught by Training the Street. The last week includes preparing for and taking the applicable licensing Series 79 top-up exam. The program is rigorous and thorough, combining the substance of a much larger investment bank's training program with the personal attention found in a seminar.
Program Completion
- Developing an understanding of the full breadth of Comerica's Capital Markets products and services offerings
- Successful completion of all finance and credit training coursework and practical application
- Completion of securities licensing requirements
- o Participants will be provided time and support to prepare and take the applicable regulatory examinations they must pass to obtain the necessary securities licensing
Qualifications
Position Qualifications:
Minimum Qualifications
- Bachelor's degree in business, accounting, finance, economics, or similar field
- Two (2) accounting courses (6 units) and one course (3 units) in finance, economics, or related business classes with a minimum 3.4 grade point average
- Experience preparing financial models and forecasts preferred
- 1 year of experience with Microsoft Office Applications (Microsoft Word, Excel, PowerPoint)
Seeking candidates with:
- Excellent interpersonal, verbal, and written communication skills
- Exceptional analytical, problem solving, and technical aptitude
- Time management skills, attention to detail and ability to handle multiple assignments
- Strong work ethic, customer-focus, and commitment to the communities we serve
- Bank Overview
Comerica is the largest U.S. commercial bank headquartered in Texas with a focus on relationships and helping people and businesses be successful. With over 170 years of success, Comerica's longevity is a testament to its strong relationship focus, integrity, and dedicated workforce -- more than 7,800 colleagues, who serve as Comerica's ambassadors in the community.
At Comerica, our colleagues are essential to our success. We strive to provide you with the opportunity to grow and develop, both personally and professionally, by offering a wide range of programs that are designed to recognize, reward, and develop you throughout your career.
Comerica demonstrates its commitment to the communities it serves through a strong culture of diversity and inclusion, community investment and environmental commitment. We are recognized as one of the most community-minded companies in the nation by Points of Light, earning a Top 10 ranking in Newsweek's list of America's Most Responsible Companies, and ranked by DiversityInc® as Top 4 regional companies for diversity.
Work Schedule
Monday - Friday; 8 am - 5 pm
WorkBest Job Category
Category B - 3-4 days in office on designated days/1-2 days remote
Work Locations
Comerica Bank Center (CBC)
About Comerica
We know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.