Job Information
BofA Securities, Inc. Vice President; Trader in New York, New York
DUTIES: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.REQUIREMENTS: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.Req#25004627. Salary: $225,000 - $225,000 per year. 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. No phone calls. EOE.
Minimum Salary: 225,000 Maximum Salary: 225,000 Salary Unit: Yearly