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Analyst II - Market Data & Research Tech

Toronto, , Canada

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.  In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market. 

Description

ELT's goal is to be a trusted partner of the Derivatives Business (Equity Client Solutions, Execution Services) and the firm, enabling revenue generation through the application of innovative technology against business goals in a supportable, scalable, efficient manner that drives competitive differentiation while proactively managing the Firms' risk.  Equity Linked Technology (ELT) supports the Equity Derivatives sales and trading businesses by providing innovative solutions to help drive a competitive advantage. This includes technology solutions for managing risk and P&L, driving front to back STP workflow, market making, and supporting new idea generation.

Equities Parameter teams is part of ELT that manages a suite of applications used by the bank associates globally. The applications are used to manage, source and store different types of equity market data (volatility, dividends, borrow costs, correlations, volatility of volatility, synthetic spot, yield curves, credit curves, etc.). These parameters help various desks, risk and regulatory downstreams to value financial products (Options, Option Strategies, Swaps, etc.), to perform risk calculations and develop strategies and do quantitative analysis. The team comprises full-stack developers  responsible for delivering end-to-end solution(s) to the business.

Responsibilities

  • Analyze, document, test and maintain enterprise applications within the Equities parameter and market data teams

  • Support equities parameters platform/apps which includes system issues or user enquiries from stakeholders which includes trading, quants, risk, sales and technology

  • Lead change and improvements of technology and architechture with in the development teams

  • Identifying common themes across global markets along with improvement initiatives

  • Demonstrate understanding of impacts from changes introduced into the platform

  • Follow the Lean / Agile software development process

  • Demonstrate ability to work in a multi-faceted role (development with some testing, support and analysis)

Qualifications

  • Master's degree (or PhD) in Mathematics, Statistics, Physics or related field) and 5+ years’ experience as analyst or similar role in capital markets front office, market/credit risk or research (preferably equities)

  • Demonstrate excellent communication skills and ability to translate between business and technical requirements

  • Knowledge of Financial Engineering (Monte Carlo Simulation, Black Scholes model, Curve generation, Discount curve, Forecast curve, LIBOR discounting, OIS discounting, CSA discounting, CIR model, Parameter Calibration, etc.)

  • Hands on experience in Python (or equivalent object-oriented/functional programming)

  • Experience in project delivery based on Agile development methodology (using JIRA or other similar tools)

  • Good interpersonal and organizational skills and ability to build and maintain relationships with personnel across areas and regions

  • Ability to multitask with excellent time management skills

  • Sense of focus and rigor in the completion of deliverables

  • Pro-active behavior with capacity to seize initiative

Additional skills

  • Experience in numerical/financial algorithms, market data systems and Equity derivatives

  • Knowledge of derivative products (Swaps, Currency Swaps, Options, Futures, Cap, Floor, Swaption, Forward, Options, CDS, CDX, etc.)

  • Experience in project management from planning to release

  • Experience working in high throughout real-time systems

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Job Band:

H5

Shift: 

Hours Per Week:

37.5

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.  In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market. 

Description

ELT's goal is to be a trusted partner of the Derivatives Business (Equity Client Solutions, Execution Services) and the firm, enabling revenue generation through the application of innovative technology against business goals in a supportable, scalable, efficient manner that drives competitive differentiation while proactively managing the Firms' risk.  Equity Linked Technology (ELT) supports the Equity Derivatives sales and trading businesses by providing innovative solutions to help drive a competitive advantage. This includes technology solutions for managing risk and P&L, driving front to back STP workflow, market making, and supporting new idea generation.

Equities Parameter teams is part of ELT that manages a suite of applications used by the bank associates globally. The applications are used to manage, source and store different types of equity market data (volatility, dividends, borrow costs, correlations, volatility of volatility, synthetic spot, yield curves, credit curves, etc.). These parameters help various desks, risk and regulatory downstreams to value financial products (Options, Option Strategies, Swaps, etc.), to perform risk calculations and develop strategies and do quantitative analysis. The team comprises full-stack developers  responsible for delivering end-to-end solution(s) to the business.

Responsibilities

  • Analyze, document, test and maintain enterprise applications within the Equities parameter and market data teams

  • Support equities parameters platform/apps which includes system issues or user enquiries from stakeholders which includes trading, quants, risk, sales and technology

  • Lead change and improvements of technology and architechture with in the development teams

  • Identifying common themes across global markets along with improvement initiatives

  • Demonstrate understanding of impacts from changes introduced into the platform

  • Follow the Lean / Agile software development process

  • Demonstrate ability to work in a multi-faceted role (development with some testing, support and analysis)

Qualifications

  • Master's degree (or PhD) in Mathematics, Statistics, Physics or related field) and 5+ years’ experience as analyst or similar role in capital markets front office, market/credit risk or research (preferably equities)

  • Demonstrate excellent communication skills and ability to translate between business and technical requirements

  • Knowledge of Financial Engineering (Monte Carlo Simulation, Black Scholes model, Curve generation, Discount curve, Forecast curve, LIBOR discounting, OIS discounting, CSA discounting, CIR model, Parameter Calibration, etc.)

  • Hands on experience in Python (or equivalent object-oriented/functional programming)

  • Experience in project delivery based on Agile development methodology (using JIRA or other similar tools)

  • Good interpersonal and organizational skills and ability to build and maintain relationships with personnel across areas and regions

  • Ability to multitask with excellent time management skills

  • Sense of focus and rigor in the completion of deliverables

  • Pro-active behavior with capacity to seize initiative

Additional skills

  • Experience in numerical/financial algorithms, market data systems and Equity derivatives

  • Knowledge of derivative products (Swaps, Currency Swaps, Options, Futures, Cap, Floor, Swaption, Forward, Options, CDS, CDX, etc.)

  • Experience in project management from planning to release

  • Experience working in high throughout real-time systems

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Learn more about this role

Full time

JR-21027868

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Megan Kelk

Referral Bonus:

0

Street Address

Primary Location:
250 YONGE ST, Toronto, M5B 2L7