Associate - Trading
Bank of America
Associate - Trading
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**
+ Maintain trading book regarding marking positions, evaluating risk, and trade lifecycle maintenance for the desk.
+ Be responsible for market making options on stocks, ETFs within assigned sector, and custom baskets.
+ Be responsible for generating trade ideas for discussion with sales and clients.
+ Cultivate relationships with clients to generate revenues through new client business.
+ Analyze and research volatility market for discovery of mis‐pricings in the marketplace for client monetization.
+ Coordinate and hedge risks deriving from customer transactions to stay within risk limits.
+ Be responsible for building tools in Python to monitor volatility changes, backtest trade ideas, and evaluate relative value trading opportunities.
+ Work with Quants/Strats team to improve trading lifecycle automation and deliver new products that help with trading workflow.
+ Market make single stock, ETF, custom basket option, dispersion products, and interest rate option, including executing trades for client facilitation.
+ Assess and hedge trading book risk and optimize profitability.
+ Monitor forward risk exposure, including borrow, dividend, and interest rate risks.
+ Develop analytical tools in Python to improve automation and risk management, generate trade ideas, and manage desk's Git repository.
+ Conduct securities markets research to identify opportunities and dislocations.
+ Distribute and maximize custom basket trading for clients.
**Required Skills & Experience**
+ Bachelor's degree or equivalent in Business Administration, Computational Finance, Economics, or related: and
+ 2 years of experience in the job offered or a related Finance occupation.
+ Must include 2 years of experience in each of the following:
+ Market making single stock, ETF, custom basket option, dispersion products, and interest rate option, including executing trades for client facilitation;
+ Assessing and hedging trading book risk and optimize profitability;
+ Monitoring forward risk exposure, including borrow, dividend, and interest rate risks;
+ Developing analytical tools in Python to improve automation and risk management, generating trade ideas, and managing desk's Git repository;
+ Conducting securities markets research to identify opportunities and dislocations; and,
+ Distributing and maximizing custom basket trading for clients.
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
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.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
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View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
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.
To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .
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.
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