Associate, Trading

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 an 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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

Responsibilities:

• Perform enhancement of pricing and risk models to incorporate new market or products features.

• Conduct quantitative analysis of the current markets, trends and trading strategies.

• Perform numerical analysis of existing models and implementation and testing of performance enhancements.

• Investigate and improve high-frequency algorithmic trading strategies.

• Generate required documentation and testing to support model risk management, ongoing model review and validation.

• Work with front office technology teams to integrate models into the trading and risk systems.

• Perform work required to support regulatory and compliance requirements including Comprehensive Capital Analysis and Review.

• Manage the interest rate risk of a portfolio composed of interest rate swaps, U.S. Treasury securities, and other exchange-listed interest rate derivatives by making markets in USD Interest Rate Swaps for institutional clients and using proxy instruments to partially hedge the risk while it is warehoused.

• Assess the impact of monetary and fiscal policies and global economic and non-economic events on USD Interest Rates to determine how these movements affect valuations of portfolios.

• Use Python based tools including PyCharm and Jupyter Notebook, and Java based tools and interfaces that display risk and blotter trades to execute and price interest rate swap trades, monitor and manage market risk, and conduct time series analysis to model risk correlations and overall market behavior.

• Use statistical analysis, including linear regression and Principal Component Analysis, to calculate stable hedging relationships for different tenors of interest rates in order to warehouse less liquid interest rate tenors versus other points that are more liquid to reduce the overall volatility.

• Use financial trading software including Bloomberg and Tradeweb to facilitate and execute trades.

• Use pragmatic market knowledge within fixed income market, including government bonds, corporate bonds, asset-backed securities, and interest rate derivatives and assess the pricing and liquidity of different fixed income products under different economic conditions to provide practical trading ideas to clients.

Required Skills & Experience:

• Bachelor's degree or equivalent in Economics, Mathematics, Finance 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:

• Managing the interest rate risk of a portfolio composed of interest rate swaps, U.S. Treasury securities, and other exchange-listed interest rate derivatives by making markets in USD Interest Rate Swaps for institutional clients and using proxy instruments to partially hedge the risk while it is warehoused;

• Assessing the impact of monetary and fiscal policies and global economic and non-economic events on USD Interest Rates to determine how these movements affect valuations of portfolios;

• Using Python based tools including PyCharm and Jupyter Notebook, and Java based tools and interfaces that display risk and blotter trades to execute and price interest rate swap trades, monitor and manage market risk, and conduct time series analysis to model risk correlations and overall market behavior;

• Using statistical analysis, including linear regression and Principal Component Analysis, to calculate stable hedging relationships for different tenors of interest rates in order to warehouse less liquid interest rate tenors versus other points that are more liquid to reduce the overall volatility;

• Using financial trading software including Bloomberg and Tradeweb to facilitate and execute trades; and,

• Using pragmatic market knowledge within fixed income market, including government bonds, corporate bonds, asset-backed securities, and interest rate derivatives and assess the pricing and liquidity of different fixed income products under different economic conditions to provide practical trading ideas to clients.

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: Bank of America N.A.

Shift:

Hours Per Week: