Location: New York,NY, USA
Vice President / Trading Strategist
New York, New York
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 :
Educate clients about complex structures and technical products and develop new products and bringing them to market.
Perform numerical analysis of existing models and implementation and testing of performance enhancements.
Perform general sales, trading, and hedging activities and help to originate, structure, and model transactions.
Assess market trends and provide quantitative data for clients and performing market and quantitative research analysis.
Research and model complex products/trends/phenomena including Hedges, Index Replication, and Alpha Strategies using large data sets of financial data.
Execute Portfolio decomposition, performance analytics, and risk modeling using both Axioma and Barra multifactor risk frameworks, using R and Python.
Perform quantitative analysis of the current markets, trends and trading strategies and enhance pricing and risk models to incorporate new market or products features.
Complete execution strategies utilizing risk frameworks and multi-period optimization.
Sell both portfolio strategies and execution strategies to various institutional investors.
Generate required documentation and testing to support model risk management ongoing model review and validation.
Remote work may be permitted within a commutable distance from the worksite.
REQUIRED SKILLS & EXPERIENCE :
Master's degree or equivalent in Financial Economics, Financial Engineering and Operations Research or related; and
3 years of experience in the job offered or a related finance occupation.
Must include 3 years of experience in each of the following:
Researching and modelling complex products/trends/phenomena including Hedges, Index Replication, and Alpha Strategies using large data sets of financial data;
Executing portfolio decomposition, performance analytics and risk modeling using both Axioma and Barra multifactor risk frameworks, using R and Python;
Performing quantitative analysis of the current markets, trends and trading strategies and enhancing pricing and risk models to incorporate new market or products features;
Completing execution strategies utilizing risk frameworks and multi-period optimization;
Selling both portfolio strategies and execution strategies to various institutional investors; and,
Generating required documentation and testing to support model risk management ongoing model review and validation.
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:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
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.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
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This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.