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!
Employer: BofA Securities, Inc.
Title: Vice President / Trading Strategist II
Responsibilities
Assess complex derivatives pricing models to provide management transparency for the trading desk.
Develop relevant stress scenarios for various asset classes to determine potential losses in various stress market conditions.
Analyze large sets of risk data to dissect portfolio dynamics, market trends and client behaviors.
Analyze risk‐adjusted returns, correlation, and volatility using various financial instruments.
Collaborate with others in the organization to ensure successful implementation of chosen problem solutions.
Prepare management reports defining and evaluating problems and recommending solutions.
Define data requirements and gathering and validate information, applying judgment and statistical tests.
Observe the current system in operation and gathering and analyzing information about each of the parts of component problems, using a variety of sources.
Educate staff in the use of mathematical models.
Review market risk positions.
Analyze on key risks and proposing appropriate market risk limits.
Review risks related to non‐standard or structured trades and new products.
Analyze and summarize large data sets to identify and evaluate problems and recommend solutions.
Perform regression analysis or backtest trading strategies on financial instruments such as bonds, loans, equity and derivatives.
Generate statistical analysis to design and support risk limit frameworks and/or stress testing.
Build out and support reports to understand market trends and monitor exposure under different market conditions.
Required Skills & Experience
Master's degree or equivalent in Quantitative Finance, Statistics, Mathematics, 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:
Analyzing and summarizing large data sets to identify and evaluate problems and recommend solutions;
Performing regression analysis or backtesting trading strategies on financial instruments such as bonds, loans, equity and derivatives;
Generating statistical analysis to design and support risk limit frameworks and/or stress testing; and,
Building out and supporting reports to understand market trends and monitor exposure under different market conditions.
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.
Job Band:
H5Shift:
1st shift (United States of America)Hours Per Week:
40Weekly Schedule:
Referral Bonus Amount:
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