VP, Quant Strategist - Equity Derivatives

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!

Job Description:
This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Job Description:

The Quantitative Strategies Group at Bank of America is seeking Associate or VP for open positions of Quantitative Strategist to be based in New York, covering the Equity Derivatives trading desks. As part of this role you will work in an exciting, fast-paced environment, working closely with traders and others to improve the performance of existing models and to develop new ones.  Our goal is to develop and deliver the best-in-class analytical abilities so that our business partners can better serve client needs and improve profitability.

This role is very technical in nature and requires in-depth knowledge of mathematical modeling, programming languages, and understanding of finance and derivatives.  In this role you will

• Develop expert-level knowledge of Equity Derivatives business and product suites
• Gain experience working directly with different traders and solving their daily needs.
• Enhance existing models and help develop new ones.  Work through the entire lifecycle of model and product development and software releases.
• Develop analytical tools and reports when such needs arise.

There will be opportunities of daily interaction with the trading desks as well as working closely with our Risk, Finance, Middle Office, and Technology partners.

Candidate Requirements:

• Quantitative capabilities and background in Mathematics/Physics/Computer Science/Engineering (up to MSc/PhD level)
• Strong knowledge and interests in finance.   Experience working with different financial products and derivatives modeling preferred.
• Strong programming and technical skills.  Proficiency of at least one programming language required, with experience in C/C++ and/or python preferred.
• Excellent verbal and written communication skills, as well as the ability to explain complex ideas in a simple and accessible manner.
• Curiosity to research different methodologies and explore new territories.
• Ability to multitask and work under pressure.  Ability to work with different people and groups.

Minimum Education Requirement: Master’s degree in related field or equivalent work experience

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

$200,000.00 - $225,000.00 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.