Responsibilities
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 implement and test performance enhancements. Investigate and improve equity derivatives models, analytics, and 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. Leverage applied mathematical concepts including Monte Carlo Simulations to trading analytics and equity derivatives pricing models, and uncovering risks and opportunities relative to derivatives portfolio management and hedging. Utilize statistical analysis to support trading strategy, equity stock and volatility market dynamic and day to day pnl analysis. Use Python and C++ to develop trading strategy backtesters, derivatives risk scenario tools, and volatility surface fitting models for trading desk. Develop and evaluate quantitative modelling and analytics projects in risk analytics. Optimize the variance swap pricing and booking process for dispersion business to enhance risk calculation efficiency resulting in faster performance and more accurate hedging strategies, ultimately improving overall risk management. Remote work may be permitted within a commutable distance from the worksite. Required Skills & Experience: Master's degree or equivalent in Mathematics, Engineering (any), Statistics, or related: and 3 years of experience in the job offered or a related Quantitative occupation. Must include 3 years of experience in each of the following: Leveraging applied mathematical concepts including Monte Carlo Simulations to trading analytics and equity derivatives pricing models, and uncovering risks and opportunities relative to derivatives portfolio management and hedging; Utilizing statistical analysis to support trading strategy, equity stock and volatility market dynamic and day to day pnl analysis; Using Python and C++ to develop trading strategy backtesters, derivatives risk scenario tools, and volatility surface fitting models for trading desk; Developing and evaluating quantitative modelling and analytics projects in risk analytics; Optimizing the variance swap pricing and booking process for dispersion business to enhance risk calculation efficiency resulting in faster performance and more accurate hedging strategies, ultimately improving overall risk management. 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: BofA Securities, Inc. Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $225,000.00 - $235,000.00 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. Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Diversity and Inclusion Each employee brings unique skills, background and opinions. We see diversity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe. Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency
