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Quantitative Services Manager

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.

Job Description

This role will be part of the Quantitative Services team within Global Markets Shared Operations (GMSO). As part of the Collateral Optimization initiative, the Quantitative Services team is responsible for developing overall framework for supporting effective collateral optimization and reporting.

The scope of work as part of this initiative includes:

  • Leading development of Collateral Optimization Data (CODA) infrastructure which is the backbone for providing consolidated collateral data in consumable format for effective collateral management and optimization.

  • Support a multi year, multi million dollar Trade Product Collateral (TPC) program to bring greater transparency and optimization of inventory and funding requirements across all desks.

Responsibilities

  • Support infrastructure design and development for effective collateral management, including strategy on data sourcing, data transformation and visualization.

  • Handle ad-hoc requests from CTO and Corporate Treasury desks on data query, P&L & Risk reporting.

  • Leverage strong quantitative and programming skills to drive development of collateral optimization methodology.

  • Engage in the development, maintenance and enhancement of the Collateral Optimization Data (CODA).

  • Collaborate, develop and foster a positive relationship with various TO & Corp Treasury desk, Finance, Collateral Operations, Quants partners and stakeholders to define project deliverables and drive execution.

  • Propose creative solutions to meet technical and business requirements.

  • Provide concise and crisp status updates to senior management on projects.

Requirements

  • At least 4 (four) years of experience in financial markets with advanced degree in financial mathematics, financial engineering, statistics, economics or other quantitative discipline.

  • Self-starter individual who can solve complex problems, provide guidance, drive prioritization and adopt strategic vision.

  • Strong communication and stakeholder management skills.

  • Able to deliver independently but also collaborate and deliver as one team.

  • Understands financial products across all asset classes in global markets and has extensive knowledge or experience with Fixed Income and Credit derivatives products.

  • Knowledge and understanding of securities collateral and treasury management activities

  • Hands on experience with Python, SQL and VBA.

  • Strong analytical and problem solving skills with the ability to interpret large amounts of information and conceptualize the impact across operational processes.

Additional Qualifications

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.

  • Excels in working among diverse viewpoints to determine the best path forward.

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner.

  • Commitment to challenging the status quo and promoting positive change.

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.

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.

Job Description

This role will be part of the Quantitative Services team within Global Markets Shared Operations (GMSO). As part of the Collateral Optimization initiative, the Quantitative Services team is responsible for developing overall framework for supporting effective collateral optimization and reporting.

The scope of work as part of this initiative includes:

  • Leading development of Collateral Optimization Data (CODA) infrastructure which is the backbone for providing consolidated collateral data in consumable format for effective collateral management and optimization.

  • Support a multi year, multi million dollar Trade Product Collateral (TPC) program to bring greater transparency and optimization of inventory and funding requirements across all desks.

Responsibilities

  • Support infrastructure design and development for effective collateral management, including strategy on data sourcing, data transformation and visualization.

  • Handle ad-hoc requests from CTO and Corporate Treasury desks on data query, P&L & Risk reporting.

  • Leverage strong quantitative and programming skills to drive development of collateral optimization methodology.

  • Engage in the development, maintenance and enhancement of the Collateral Optimization Data (CODA).

  • Collaborate, develop and foster a positive relationship with various TO & Corp Treasury desk, Finance, Collateral Operations, Quants partners and stakeholders to define project deliverables and drive execution.

  • Propose creative solutions to meet technical and business requirements.

  • Provide concise and crisp status updates to senior management on projects.

Requirements

  • At least 4 (four) years of experience in financial markets with advanced degree in financial mathematics, financial engineering, statistics, economics or other quantitative discipline.

  • Self-starter individual who can solve complex problems, provide guidance, drive prioritization and adopt strategic vision.

  • Strong communication and stakeholder management skills.

  • Able to deliver independently but also collaborate and deliver as one team.

  • Understands financial products across all asset classes in global markets and has extensive knowledge or experience with Fixed Income and Credit derivatives products.

  • Knowledge and understanding of securities collateral and treasury management activities

  • Hands on experience with Python, SQL and VBA.

  • Strong analytical and problem solving skills with the ability to interpret large amounts of information and conceptualize the impact across operational processes.

Additional Qualifications

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.

  • Excels in working among diverse viewpoints to determine the best path forward.

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner.

  • Commitment to challenging the status quo and promoting positive change.

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.

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-22051031

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Danya Barragan Gasca

Referral Bonus:

0

Street Address

Primary Location:
181 BAY ST, Toronto, M5J 2V8