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Associate

New York, New York

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:

  • Take market-making actions and monitor market exposure of off-the-runs/curves indices in the US and connect with the relevant US and European accounts involved in that market.

  • Take market-making actions and monitor market exposure to tranches, correlation products consisting of indices on credit default swaps, to get protection and/or exposure to a percentage of defaults of the underlying basket.

  • Build the relevant pricing and analysis tools in the US that have already been built in Europe for off-the-runs/curves.

  • Ensure connectivity with European Sales and Trading team.

  • Analyze and monitor markets and assist clients in structuring trades using credit derivative instruments to express their views.

  • Develop and analyze statistical models such as linear regressions to assess pair correlations between traded products.

  • Price correlation credit derivatives products such as Credit Derivatives Tranches to generate prices for a given portfolio.

  • Conduct complex financial transactions, research and analyze market risk opportunities, and hedge trading and risk strategies to identify market dislocations and opportunities to generate P&L for the desk while staying within the bank risk framework.

  • Distribute and maximize credit derivatives trading for Credit CDS Indices (CDX), Tranches on CDS Credit indices, and Curves/off the runs products across the European and US region by utilizing knowledge of client needs and market dynamics to capture trades and flows.

REQUIREMENTS:

  • Bachelor’s degree or equivalent in Business Administration, Finance, Economics, or related; and

  • 2 years of experience in the job offered or a related Finance occupation.

  • Must include 2 years of experience in each of the following:

  • Developing and analyzing statistical models such as linear regressions to assess pair correlations between traded products;

  • Pricing correlation credit derivatives products such as Credit Derivatives Tranches to generate prices for a given portfolio;

  • Conducting complex financial transactions, researching and analyzing market risk opportunities, and hedging trading and risk strategies to identify market dislocations and opportunities to generate P&L for the desk while staying within the bank risk framework; and,

  • Distributing and maximizing credit derivatives trading for Credit CDS Indices (CDX), Tranches on CDS Credit indices, and Curves/off the runs products across the European and US region by utilizing knowledge of client needs and market dynamics to capture trades and flows.

  • 5% domestic and international travel required, as necessary.

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

Learn more about this role

Full time

JR-24012650

Manages People: No

Travel: Yes, 5% of the time

New York pay and benefits information

New York pay range:

$175,000 - $175,000 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.

Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036