Vice President; Trading Strategist
Company: Disability Solutions
Location: New York
Posted on: October 24, 2024
Job 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. 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:
- Develop pricing and hedging libraries that are incorporated in
tools used by the global equities trading desk.
- Develop various types of equities risk management analytics,
leveraging factor models, and optimization libraries.
- Develop P&L, profitability, liquidity, and other analytical
tools for the trading desk.
- Analyze big datasets and then present and summarize results to
management.
- Evaluate capital needs of clients and assess market conditions
to inform structuring of financial packages.
- Inform investment decisions by analyzing financial information
to forecast business, industry, or economic conditions.
- Research and model equity events including Hedging and Alpha
Strategies using large data sets of financial data.
- Develop optimization libraries to drive incremental value to
the business (including risk optimization and optimization of
collateral allocation).
- Perform work required to support regulatory and compliance
requirements.
- Analyze client profitability and funding requirements for
Equities business.
- Generate required documentation and testing to support model
risk management, ongoing model review, and validation.
- Perform quantitative analysis of the current markets, trends,
and trading strategies and enhance pricing and risk models to
incorporate new market or products features.
- Remote work may be permitted within a commutable distance from
the worksite.REQUIREMENTS:
- Master's degree or equivalent in Quantitative Finance, Finance,
Mathematics, Engineering (any) or related; and
- 3 years of experience in the job offered or a related
quantitative occupation.
- Must include 3 years of experience in each of the
following:
- Researching and modelling equity events including Hedging and
Alpha Strategies using large data sets of financial data;
- Developing optimization libraries to drive incremental value to
the business (including risk optimization and optimization of
collateral allocation);
- Performing work required to support regulatory and compliance
requirements;
- Analyzing client profitability and funding requirements for
Equities business;
- Generating required documentation and testing to support model
risk management, ongoing model review, and validation; and,
- Performing quantitative analysis of the current markets,
trends, and trading strategies and enhancing pricing and risk
models to incorporate new market or products features.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: 40Pay Transparency
detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER
(NY1100)Pay and benefits informationPay range$200,000.00 -
$225,000.00 annualized salary, offers to be determined based on
experience, education and skill set.Discretionary incentive
eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Toms River , Vice President; Trading Strategist, Accounting, Auditing , New York, New Jersey
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