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Director / Senior Trader

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

RESPONSIBILITIES:

  • Contribute specialized knowledge to BofA’s Asia FX trading function. Handle Asia trading portfolios to optimize the profitability.

  • Collaborate with junior traders’ operation procedure to comply with regulations.

  • Ensure junior traders’ risk profiles are consistent with BofA standards and client needs.

  • Provide pricing of Asia FX Deliverable/NDF (Non-Deliverable Forwards) for client’s need. Deal with the execution of trades.

  • Provide market updates/investment insights to client pools.

  • Contribute to the enhancement of electronic trading platform process through interaction with developers.

  • Maintain high level customer relationships with Americas client base by providing clients with daily market color, technical analysis, and liquidity solutions.

  • Moderate client-demand driven risk positions, considering both company-specific and macro-level factors including liquidity profile and market volatility, and utilize hedges where appropriate to effectively mitigate downside risk.

  • Contribute to cross-border transactions which involve foreign exchange by hedging and risk mitigating and optimizing existing automated spreadsheets to reduce margin of error during trading.

  • Utilize Asia market knowledge to complete complex transactions and preserve client relationships.

  • Remote work may be permitted within a commutable distance from the worksite.

REQUIREMENTS:

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

  • 7 years of progressively responsible experience in the job offered or a related Finance occupation.

  • Must include 7 years of experience in each of the following:

  • Maintaining high level customer relationships with Americas client base by providing clients with daily market color, technical analysis, and liquidity solutions;

  • Moderating client-demand driven risk positions, considering both company-specific and macro-level factors including liquidity profile and market volatility, and utilizing hedges where appropriate to effectively mitigate downside risk;

  • Contributing to cross-border transactions which involve foreign exchange by hedging and risk mitigating and optimizing existing automated spreadsheets to reduce margin of error during trading; and,

  • Utilizing Asia market knowledge to complete complex transactions and preserve client relationships.

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-24049202

Manages People: No

Travel: No

New York pay and benefits information

New York pay range:

$300,000.00 - $300,000.00 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