New York, NY, 10176, USA
4 days ago
Equity Trading Strategist
Equity 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. 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 a diverse and 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! **Job Description:** + The equity derivatives structuring team develops and evaluates hedging solutions, investment products and design systematic strategies sold to institutional clients globally. Working closely with sales & trading, the structuring group translates trading axes, risk recycling and research ideas into investment products but also tailors solutions to provide yield enhancement, protection and portfolio asset allocation via options and rules-based indices. The process of designing solutions and products gives the opportunity to work on a wide variety of financial instruments including equity indices, single stocks, hybrids and multi-asset products. **Product/Desk Overview** The group is organized by geographical region and products skills divided into smart flows, structured products and investable indices derivatives. The client base includes: 3rd Party Distributors, Private Banks, Asset Managers, Hedge Funds, Pensions and Insurance Companies. **Roles and Responsibilities** + This position will be focused on equity derivatives Investable Indices, covering the whole trade lifecycle: from initial index design to backtesting, implementation, marketing, documentation, pitch and trade execution. + Research, Design and Implementation of Equity Volatility Alpha, Hedge, Equity Replacement Strategies using listed index options and futures & single stock options + Analysis and design of Hedging strategies to deliver targeted protection given expected market downturn scenarios while optimizing for carry costs + Collaborate with trading, sales, market risk, legal, tax, middle office, quant and technology departments for the launch of new Investable index solutions. + Market Equity Derivatives Investable indices to Pension Funds, Asset Managers, Family Offices and Insurance Carriers across regions. + Development and maintenance of models for economic and risk analysis, including price shock scenario analysis, price sensitivity models, options greek analysis, portfolio strategy modelling, leverage analysis, and other market risk models + Conduct market research to provide economic context to the risk and profitability of equity derivatives systematic strategies **Expectations and** **Required** **Skill Set** + Master degree in Quantitative Field is preferred + Team player + Problem solving + Strong analytical and mathematical skills + Strong communication skills + Strong knowledge of financial derivatives products : structured products, hybrids, exotic payoffs + Strong programming skills in Python, Matlab, C++ , VBA in order to develop statistical and mathematical models **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 "Know your Rights" poster, CLICK HERE (https://u.go/0As7EN) . 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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