Vice President, Trading Strategist

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Responsibilities

• Employ financial models to develop solutions to financial problems or to assess the financial or capital impact of transactions.

• Draw charts and graphs, using spreadsheets, to illustrate technical reports.

• Perform securities valuation or pricing.

• Conduct quantitative analysis of the current markets, trends, and trading strategies; develops reliable tools to automate the daily processes of the structured trading desks.

• Integrate tools into the general infrastructure.

• Improves derivative desks' hedging processes to minimize P&L variance while accounting for the carry of different instruments.

• Industrialize booking and trade review processes within the structured trading desk; implements auto-pricers for use by structured traders.

• Improve the analysis of broker quotes and provides support to the trading desk.

• Use Bloomberg Terminal and spreadsheets to analyze financial data, producing charts and graphs to monitor trends in the market and evaluate good trading opportunities.

• Help with balance sheet management by assessing the FTP funding costs of desk positions and market funding rate.

• Leverage knowledge of financial products including structured products to produce valuation/risk reports.

Required Skills & Experience

• Master's degree or equivalent in Mathematics, Computational Finance, Finance, Engineering (any) or related: and

• 3 years of experience in the job offered or a related Quantitative occupation.

• Must include 3 years of experience in each of the following:

• Using Python and C++ with Linux to develop and enhance algorithms and provide production quality solutions for trading/portfolio management;

• Design, develop, and maintain efficient and scalable financial data pipelines, including ETL from both structured and unstructured data, database management, and data manipulation using SQL;

• Build robust end-to-end web application for quantitative analytics dashboards leveraging React and Flask;

• Develop optimization models using scipy/gurobi, including applying probability theory and numerical analysis to enhance portfolios under different metrics and multiple constraints; and,

• Automate processes to minimize risk for equity or equity derivatives using Python.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

EMPLOYER:  BofA Securities, Inc.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$200,000.00 - $210,000.00 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.