National Black MBA Association
Location: New York,NY, USA
Date: 2024-11-20T16:10:02Z
Job Description:
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:
Drive Product strategy for Risk & PnL across Equities and define and document business opportunities to then pitch investment cases. Document requirements and ensure product delivery aligns to user requirements. Measure product baselines and define KPIs and target metrics with Sales Trading, Risk and Finance. Explore industry, client and competitor trends to ensure product remains relevant and forward looking. Ensure the ongoing delivery of critical Equities Risk & PnL products. Influence and shape future investment and design decisions in conjunction with Equities management, market risk and business leads. Utilize knowledge of tradable generation, pricing models, market dependencies and risk calculations to design, develop and roll out Risk and PnL applications for equity derivatives, swaps, and cash trading business globally. Migrate businesses from legacy applications onto strategic stack, contributing to all phases from project management, strategic product development, stakeholder communication, and conducting post-migration activities. Apply PnL calculation methodology and PnL attribution, including risk-based and revaluation-based PnL attribution to generate accurate PnL and PnL explain reports for all lines of equity trading business. Develop enterprise-scale Risk and PnL calculation and reporting systems in Python, Java and/or C++.REQUIRED SKILLS & EXPERIENCE: Master's degree or equivalent in Computer Science, Information Systems, Applied Physics, Mathematics 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: Utilizing knowledge of tradable generation, pricing models, market dependencies and risk calculations to design, develop and roll out Risk and PnL applications for equity derivatives, swaps, and cash trading business globally; Migrating businesses from legacy applications onto strategic stack, contributing to all phases from project management, strategic product development, stakeholder communication, and conducting post-migration activities; Applying PnL calculation methodology and PnL attribution, including risk-based and revaluation-based PnL attribution to generate accurate PnL and PnL explain reports for all lines of equity trading business; and, Developing enterprise-scale Risk and PnL calculation and reporting systems in Python, Java and/or C++.If interested apply online at www.bankofamerica.com/careers or email your resume to ...@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: 40Pay Transparency details:US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $225,000.00 - $235,000.00 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. #J-18808-Ljbffr
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