Associate, Equity Derivatives 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!

Associate, Equity Derivatives Trading

Role Overview:

The Associate will support the trading, pricing, and risk management of equity and volatility derivatives, with a focus on complex and non‑vanilla products. This role is designed for a technically strong individual who can operate in a fast‑paced trading environment, contribute to pricing and hedging activities, and progressively take on greater ownership of risk and client facilitation under the supervision of senior traders.

Key Responsibilities:

• Assist in the pricing and risk management of equity and volatility derivatives, including autocallables, issuer callables, basket options, correlation products, and volatility/variance swaps.
• Support bespoke pricing requests for structured derivatives with customized payoff profiles, and help implement hedging strategies using vanilla options and related instruments.
• Monitor market risk, sensitivities, and exposures, escalating material changes to senior traders as appropriate.
• Execute hedging trades and assist with inventory management, including selective interaction with inter‑dealer counterparties.
• Support calibration and maintenance of exotic pricing models, including parameters capturing spot‑volatility correlation and skew dynamics.
• Contribute to ongoing enhancement of pricing, risk, and scenario analytics as market conditions or product features evolve.
• Apply Python‑based tools and analytics to support pricing, risk analysis, and trade evaluation for non‑vanilla products.
• Partner with equity derivatives sales teams across regions to support timely and accurate pricing, ensuring alignment with client objectives and desk risk constraints.
• Help prepare trade ideas, payoff analysis, and market color for institutional clients, particularly in equities and volatility‑linked products.
• Assist in identifying client demand trends and potential opportunities for structured or relative‑value trades.
• Support the full front‑to‑back trade lifecycle, including quoting support, execution follow‑up, booking validation, lifecycle events, and coordination with operations.
• Assist with daily P&L reporting, risk reconciliation, and investigation of discrepancies.
• Ensure adherence to desk controls, operational procedures, and risk governance standards.

Product Exposure & Skills Development:

• Gain hands‑on exposure to a broad equity derivatives product suite, including:
  • OTC and listed single‑stock, ETF, and index options
  • Structured notes and structured indices
  • Equity, volatility, variance, dispersion, and correlation swaps
  • Listed futures and ETFs
• Develop a working knowledge of dispersion, correlation, relative‑value volatility strategies, and hedge replication techniques.

Qualifications & Experience:

• Bachelor’s or Master’s degree in Finance, Mathematics, Engineering, Physics, a related quantitative discipline, or equivalent work experience.
• 2–5 years of experience in equity derivatives trading, structuring, or quantitative risk/pricing.
• Strong quantitative aptitude with familiarity in option pricing, Greeks, and risk concepts.
• Proficiency in Python or similar analytical programming languages; experience with pricing or risk models is a plus.
• High attention to detail, strong work ethic, and ability to operate effectively in a high‑pressure trading environment.

Shift:

Hours Per Week: