Vice President; Structurer

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 a diverse and 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. 

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

Responsibilities:

• Develop and maintain Investible Indices Platform including all the strategies offered currently.

• Market systematic strategies to Pension Funds, Asset Managers, Family Offices and Insurance Carriers across regions.

• Develop and maintain coding tools and models for backtesting, economics/market risk analysis, and process automation.

• Educate sales and clients on the existing offering and new strategies.

• Perform Risk, Liquidity, regulatory, and compliance analysis for new investable indices including Value-At-Risk, Option Greeks, portfolio stresstests, percentage traded volume, expected market-impact, and Comprehensive Capital Analysis and Review (CCAR).

• Research, design and implement Equity Volatility Alpha and Tail-Hedge Strategies using listed derivatives products including futures, listed options on various underlyings, and parameterization/fitting techniques including Volatility surface calibration and other Implied Volatility modeling techniques.

• Analyze, design, and score Hedging strategies and Portfolio Hedging Suites to deliver targeted protection given expected market downturn scenarios while optimizing for carry costs.

• Adapt and implement Advanced Structured Derivative flow products for systematic investing to facilitate access to a larger audience.

• Design Quantitative Asset Allocation strategies within the multi-asset and single-stock universe.

• Automate several time consuming and recurring processes using Python scripting language and Jupyter Lab coding environment.

• Maintain a financial product platform such as one for Investable Indices Strategies: including governance matters, data and technology issues, trading & sales management, legal and compliance concern.

• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience:

• Master's degree or equivalent in Finance, Statistics, Mathematics, Engineering (any) or related: and

• 2 years of experience in the job offered or a related Quantitative occupation.

• Must include 2 years of experience in each of the following:

• Researching, Designing and Implementing Equity Volatility Alpha and Tail-Hedge Strategies using listed derivatives products including futures, listed options on various underlyings, and parameterization/fitting techniques including Volatility surface calibration and other Implied Volatility modeling techniques;

• Analysing, designing, and scoring of Hedging strategies and Portfolio Hedging Suites delivering targeted protection given expected market downturn scenarios while optimizing for carry costs;

• Adapting and implementing Advanced Structured Derivative flow products for systematic investing to facilitate access to a larger audience;

• Designing Quantitative Asset Allocation strategies within the multi-asset and single-stock universe;

• Automating several time consuming and recurring processes using Python scripting language and Jupyter Lab coding environment; and,

• Maintaining a financial product platform such as one for Investable Indices Strategies: including governance matters, data and technology issues, trading & sales management, legal and compliance concern..

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 - $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.