Non-Linear Rates Product Manager

Job Description:

Job Title: Non-Linear Rates Product Manager
Corporate Title:  Vice President
Location:  Paris

Company Overview:

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!

Location Overview:

Based in the 8th arrondissement and within the Parisian Golden Triangle, our beautiful Art-Deco era office benefits from luxury modern workspaces, an abundance of natural light and is easily accessible by public transport.

Role Description:

We are seeking an experienced, European-based product development manager to support the build-out and growth of our Global Non-Linear Rates (GNLR) trading platform.  This new role sits within the FICC E-Trading team in Global Markets.  This horizontal team works across all FICC lines of business, enabling both Bank of America and its clients to benefit from new electronic trading strategies and products, evolving liquidity, and changes in market structure.  The team works with venues and vendors to identity new use cases and strategic investment opportunities.  The team partners with colleagues horizontally across Global Markets business lines, and collaborates with other teams across Quant, Finance, Technology, COO, Legal and Compliance to bring complex projects to fruition in a demanding and fast-moving trading environment.

Responsibilities:

• Coordinating product development across the global rates non-linear (GNLR) platform, encompassing Trading, Risk/PnL, Structuring, and Central Funding

• Defining product strategy and ensuring alignment with the broader Rates business’s strategy

• Collaborating with Quant, Finance, and Technology teams to ensure cohesive and timely delivery of trading functionality

• Acting as the Product Owner for key GNLR platform components

• Leveraging data analytics and changes in market structure to inform product and business strategy

• Ensuring product development aligns with compliance and governance requirements

What we are looking for:

• Bachelor or equivalent level degree, with a preference for STEM or Finance

• Knowledge and experience in Non-Linear Rates products (Swaps, Options, Structured Notes)

• Experience working with aligned functions such as Finance, Legal and Group Treasury

• Familiarity with the full trading and risk lifecycle in a principal-trading environment

• Understanding of design best practices in electronic trading and risk management

• Excellent organizational skills and an ability to influence change and drive consensus

• Understanding of other Fixed Income or Macro products is beneficial

• Experience with Agile methodologies (Scrum, Scaled Agile) and tooling (Jira) is beneficial

• Should work well in a collaborative team environment and be willing to adapt to new responsibilities over time

Benefits of working at Bank of America:

France

• Competitive retirement plan in addition to State plans

• Mandatory Medical Plan provided by the bank as a top-up to Social Security health benefits for you and your family.

• Employees and family members can receive free health advice 24/7 through a range of English and French speaking medical providers

• Life and disability insurance

• Time Savings Account (‘CET’) to save some of your leave days, cash them out or use them later

• Reimbursement of 50% of your commuter pass

• Nursery scheme for children under age 3

• Works council benefits

• Access to an Employee Assistance Programme for confidential support and help for everyday matters

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering with local charities

• Opportunity to receive free entry to arts exhibitions sponsored by Bank of America in Paris

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.