Vice President; Trader
Bank of America
Vice President; Trader
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** **:**
+ Conduct risk management and trading activities with limited direction from more senior staff.
+ Complete 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.
+ Perform enhancement of pricing and risk models to incorporate new market or product features.
+ Leverage deep product expertise and technical knowledge of geometric and vanilla dispersion, relative value variance spreads, correlation products, and asset optimization for institutional equity clients.
+ Apply specialized Python coding and modeling skills to non-vanilla product set for Asia-based equity clients.
+ Utilize financial analysis of quantitative derivatives to generate ideas and facilitate equity derivatives trades, where equity derivatives product suite includes listed and over-the-counter (OTC) single stock, ETF, and index options, structured notes, as well as listed futures, ETFs, and Swaps (swaps on equity, volatility, variance, dispersion, or structured indices).
+ Source potential market needs and opportunities for customers to express their trading views, while matching the bank’s offering and client needs.
**REQUIRED SKILLS & EXPERIENCE** **:**
+ Master's degree or equivalent in Financial Engineering, Economics, Mathematics, 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:
+ Leveraging deep product expertise and technical knowledge of geometric and vanilla dispersion, relative value variance spreads, correlation products, and asset optimization for institutional equity clients;
+ Applying specialized Python coding and modeling skills to non-vanilla product set for Asia-based equity clients;
+ Utilizing financial analysis of quantitative derivatives to generate ideas and facilitate equity derivatives trades, where equity derivatives product suite includes listed and over-the-counter (OTC) single stock, ETF, and index options, structured notes, as well as listed futures, ETFs, and Swaps (swaps on equity, volatility, variance, dispersion, or structured indices); and,
+ Sourcing potential market needs and opportunities for customers to express their trading views, while matching the bank’s offering and client needs.
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.
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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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