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

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

Responsibilities

• Research or develop analytical tools to address issues such as portfolio construction/optimization, performance measurement, attribution, profit and loss measurement, and pricing models.
• Consult with traders or other financial industry personnel to determine need for new or improved analytical applications.
• Provide application and analytical support to researchers or traders on issues including valuations of data.
• Responsible for risk management and trading activities with limited direction from more senior staff.
• Manage workflow from front to back, including quotes, hedges, trades and downstream processes to minimize operational risks while optimizing market risk.
• Work closely with sales across varying time zones to get the ""right price"" to the ""right client"" given risk tolerance and balance sheet constraints.
• Generate replication strategies across asset classes and various equity index replications.
• Conduct profit and loss and risk reconciliation.
• Execute trades and hedging risks using market-making strategies for single stocks, ADRs, and ETF derivatives to facilitate workflow.
• Use Bloomberg to assess and hedge trading book risk and optimize profitability.
• Monitor and hedge FX and forward risk exposure, including stock borrow and dividends.
• Conduct securities market research to identify opportunities and dislocations.
• Assess macroeconomic risks in local and ADR markets to manage the trading book and provide market insights to clients.
• Execute trades and hedge risks using market-making strategies for single stocks, ADRs, and ETF derivatives to facilitate workflow.
• Use Bloomberg to assess and hedge trading book risk and optimize profitability.
• Monitor and hedge FX and forward risk exposure, including stock borrow and dividends.
• Conduct securities market research to identify opportunities and dislocations.
• Assess macroeconomic risks in local and ADR markets to manage the trading book and provide market insights to clients.

Required Skills & Experience

• Master's degree or equivalent in Finance, Economics, Mathematics, Engineering (any), or related: and
• 3 years of experience in the job offered or a related Quantitative occupation.
• Must have 3 years of experience in the job offered or a related quantitative occupation. Must include 3 years of experience in each of the following:
• Executing trades and hedging risks using market-making strategies for single stocks, ADRs, and ETF derivatives to facilitate workflow;
• Using Bloomberg to assess and hedge trading book risk and optimize profitability;
• Monitoring and hedging FX and forward risk exposure, including stock borrow and dividends;
• Conducting securities market research to identify opportunities and dislocations; and,
• Assessing macroeconomic risks in local and ADR markets to manage the trading book and provide market insights to clients.
• In the alternative, the employer will accept a Bachelor's degree and 5 years of progressively responsible experience.

If interested apply online at www.bankofamerica.com/careers or email your resume to [email protected] 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

$300,000.00 - $310,000.00 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.