Analyst/Associate, Rates & 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 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!

Rates & Derivatives Trading Analyst/Associate

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:

Hours Per Week: