Trading and Financial Resources Optimization

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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

London Location Overview

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team

The Asset Optimization Group (AOG) manages Financial Resources across the Equity Division. AOG finances all long inventory across each individual Trading Desk, interacts with Treasury and Liquidity Risk to manage entity level liquidity requirements and works with support partners across the Firm to control and review Financial Resources utilization. AOG also works with clients to structure transactions to manage the Firm’s Financial Resources.

Job Description

Trading role within (AOG), responsible for daily analysis and optimization of Financial Resources. The candidate will assist in analysing the financing book and its usage of financial resources, work with sales and clients to optimize portfolio composition and define trades to increase profitability across the Equities Financing business. 

Responsibilities

Role activities and responsibilities may include:

• Daily review of funding books and relevant efficiency metrics across balance sheet, liquidity and capital

• Daily review of efficiencies (e.g. internalisation) and trading opportunities across the financing book with particular focus on portfolio composition and legal entity strategy

• Focus on financing book revenues. Work with Client to maximise opportunities across currency and rates

• Review and coordinate bespoke funding transactions with Clients

• Work with clients to improve efficiencies across the financing book

• Assist in the production of reports and data analysis for the desk

• Interact with clients and help further relationships across the franchise

• Detailed understanding of trading rules and practices to proactively consider liquidity, balance sheet and capital constraints when managing the book

• Work closely with other desks in driving the optimization agenda for the Firm

What We Are Looking For

• Knowledge of financing products including repos, stock borrows and equity swaps; their uses, the markets they trade in and inputs for pricing

• Understanding of market dynamics and ability to discuss and provide trading colour / impact analysis as conditions change

• Work experience in a trading/sales environment

• Ability to identify issues, evaluate data and generate ideas

• Strong interpersonal communication skills to help build and maintain effective working relationships with colleagues, support partners and clients

• Excellent knowledge of Microsoft Excel, PowerPoint

• Python/VBA knowledge preferred

Benefits of working at Bank of America

UK

• At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons.

• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work etc.

• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.

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

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

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

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.