Vice President; Structurer
Bank of America
Vice President; Structurer
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!
**Responsibilities** **:**
+ Develop and maintain Investible Indices Platform including all the strategies offered currently.
+ Market systematic strategies to Pension Funds, Asset Managers, Family Offices and Insurance Carriers across regions.
+ Develop and maintain coding tools and models for backtesting, economics/market risk analysis, and process automation.
+ Educate sales and clients on the existing offering and new strategies.
+ Perform Risk, Liquidity, regulatory, and compliance analysis for new investable indices including Value-At-Risk, Option Greeks, portfolio stresstests, percentage traded volume, expected market-impact, and Comprehensive Capital Analysis and Review (CCAR).
+ Research, design and implement Equity Volatility Alpha and Tail-Hedge Strategies using listed derivatives products including futures, listed options on various underlyings, and parameterization/fitting techniques including Volatility surface calibration and other Implied Volatility modeling techniques.
+ Analyze, design, and score Hedging strategies and Portfolio Hedging Suites to deliver targeted protection given expected market downturn scenarios while optimizing for carry costs.
+ Adapt and implement Advanced Structured Derivative flow products for systematic investing to facilitate access to a larger audience.
+ Design Quantitative Asset Allocation strategies within the multi-asset and single-stock universe.
+ Automate several time consuming and recurring processes using Python scripting language and Jupyter Lab coding environment.
+ Maintain a financial product platform such as one for Investable Indices Strategies: including governance matters, data and technology issues, trading & sales management, legal and compliance concern.
+ Remote work may be permitted within a commutable distance from the worksite.
**Required Skills & Experience** **:**
+ Master's degree or equivalent in Finance, Statistics, Mathematics, Engineering (any) or related: and
+ 2 years of experience in the job offered or a related Quantitative occupation.
+ Must include 2 years of experience in each of the following:
+ Researching, Designing and Implementing Equity Volatility Alpha and Tail-Hedge Strategies using listed derivatives products including futures, listed options on various underlyings, and parameterization/fitting techniques including Volatility surface calibration and other Implied Volatility modeling techniques;
+ Analysing, designing, and scoring of Hedging strategies and Portfolio Hedging Suites delivering targeted protection given expected market downturn scenarios while optimizing for carry costs;
+ Adapting and implementing Advanced Structured Derivative flow products for systematic investing to facilitate access to a larger audience;
+ Designing Quantitative Asset Allocation strategies within the multi-asset and single-stock universe;
+ Automating several time consuming and recurring processes using Python scripting language and Jupyter Lab coding environment; and,
+ Maintaining a financial product platform such as one for Investable Indices Strategies: including governance matters, data and technology issues, trading & sales management, legal and compliance concern..
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 "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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