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

Work independently to conduct quantitative analytics and modeling projects.

Develop new models, analytic processes or systems approaches.

Create documentation for all activities and works with Technology staff in design of any system to run models developed.

Work closely with partners from X-Value Adjustments (XVA) and other desks.

Work closely with the technology team in order to deliver the analytics in the new system as well as improving performance where necessary.

Develop and maintain intraday pricing and risk analysis applications used by credit trading desk.

Develop ETF NAV models and analytical tools for FICC ETF trading desk.

Maintain pricing models for credit products and fulfilling the regulatory requirements for risk management.

Construct trading portfolios using mathematical optimization techniques for portfolio selection and automated portfolio quoting.

Support the trading desk with use of existing models and assisting intraday trading activities for products including bonds, CDS, CDS Index, Index Options, Index Tranches, and ETFs.

Conduct analysis of large data sets including time series of returns for various products (bonds, CDS, and other credit products) to understand relationships between various market factors and market segments and assist in risk management and optimal portfolio construction.

Develop hedging strategies and backtesting their performance to reduce hedging costs without increasing market exposure.

Required Skills & Experience

Master's degree or equivalent in Computer Science, Statistics, Mathematics, 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:

Developing and maintaining intraday pricing and risk analysis applications used by credit trading desk;

Developing ETF NAV models and analytical tools for FICC ETF trading desk;

Maintaining pricing models for credit products and fulfilling the regulatory requirements for risk management;

Constructing trading portfolios using mathematical optimization techniques for portfolio selection and automated portfolio quoting;

Supporting the trading desk with use of existing models and assisting intraday trading activities for products including bonds, CDS, CDS Index, Index Options, Index Tranches, and ETFs;

Conducting analysis of large data sets including time series of returns for various products (bonds, CDS, and other credit products) to understand relationships between various market factors and market segments and assist in risk management and optimal portfolio construction; and,

Developing hedging strategies and backtesting their performance to reduce hedging costs without increasing market exposure.

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

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$225,000.00 - $235,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.