Analyst/Associate, Rates 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!
Rates & Derivatives Trading Analyst
Overview
We are seeking a trading Analyst or Associate to support interest rate derivatives and structured products trading. The role offers exposure to pricing, risk, market analysis, and automation while working closely with senior traders and structurers.
Responsibilities
- Support pricing and risk management for USD rates derivatives and structured products
- Assist with daily P&L reporting, attribution, and risk monitoring
- Maintain volatility, correlation, and market parameter grids
- Support trade lifecycle events (expiries, fixings, cancellations)
- Analyze market data and macro releases to support trade ideas
- Build and maintain basic analytical and automation tools in Python and Excel
- Collaborate with trading, structuring, and risk teams on ad hoc analysis
Qualifications
- 1–3 years experience in trading, markets, or a related quantitative role
- Bachelor’s degree in Finance, Economics, Math, Statistics, or similar; or equivalent work experience
- Strong Excel skills; familiarity with Bloomberg
- Working knowledge of Python
- Foundational understanding of fixed income and interest rate products
- Strong attention to detail and interest in financial markets
Preferred
- Exposure to derivatives or structured products
- Experience with P&L or risk reporting
- FINRA licenses
Shift:
1st shift (United States of America)Hours Per Week:
40Learn more about this role
Full time
JR-26012152
Manages People: No
Travel: Yes, 5% of the time
Age requirement: Must at least be 18 years of age.
New York pay range:
$110,000.00 - $175,000.00 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
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