Bank of America
Vice President; Trading Strategist
Bank of America, New York, New York, us, 10261
Job Description:At 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. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest 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 organization.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!RESPONSIBILITIES:Develop pricing and hedging libraries that are incorporated in tools used by the global equities trading desk.Develop various types of equities risk management analytics, leveraging factor models, and optimization libraries.Develop P&L, profitability, liquidity, and other analytical tools for the trading desk.Analyze big datasets and then present and summarize results to management.Evaluate capital needs of clients and assess market conditions to inform structuring of financial packages.Inform investment decisions by analyzing financial information to forecast business, industry, or economic conditions.Research and model equity events including Hedging and Alpha Strategies using large data sets of financial data.Develop optimization libraries to drive incremental value to the business (including risk optimization and optimization of collateral allocation).Perform work required to support regulatory and compliance requirements.Analyze client profitability and funding requirements for Equities business.Generate required documentation and testing to support model risk management, ongoing model review, and validation.Perform quantitative analysis of the current markets, trends, and trading strategies and enhance pricing and risk models to incorporate new market or products features.Remote work may be permitted within a commutable distance from the worksite.REQUIREMENTS:Master's degree or equivalent in Quantitative Finance, Finance, Mathematics, Engineering (any) or related; and3 years of experience in the job offered or a related quantitative occupation.Must include 3 years of experience in each of the following:Researching and modelling equity events including Hedging and Alpha Strategies using large data sets of financial data;Developing optimization libraries to drive incremental value to the business (including risk optimization and optimization of collateral allocation);Performing work required to support regulatory and compliance requirements;Analyzing client profitability and funding requirements for Equities business;Generating required documentation and testing to support model risk management, ongoing model review, and validation; and,Performing quantitative analysis of the current markets, trends, and trading strategies and enhancing pricing and risk models to incorporate new market or products features.EMPLOYER:
BofA Securities, Inc.Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details:Pay range: $200,000.00 - $225,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible. This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.Benefits: This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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BofA Securities, Inc.Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details:Pay range: $200,000.00 - $225,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible. This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.Benefits: This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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