Associate - Structuring

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

• Review Market of systematic strategies to Pension Funds, Asset Managers, Family

• Offices and Insurance Carriers across regions.

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

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

• Implement systematic strategies for use in FIA and RILA products.

• Explore and incorporate Machine Learning and Artificial Intelligence features into the Investible Indices quantitative strategies suite targeting more efficient stock selection, regime changes identification and enhanced asset allocation.

• Research, develop, and implement systematic solutions, running risk adjusted returns with model calibration, backtesting, statistics and simulation analysis.

• Perform advanced analysis, design, and scoring of hedging strategies and systematic hedging portfolios to deliver targeted protection while optimizing for costs.

• Perform market and risk analysis for investable indices/strategies/portfolios including Value-At-Risk, option greeks, stress-tests, market microstructure, and expected market-impact.

• Develop and maintain coding tools and models for back testing and economics/market risk analysis.

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

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

Required Skills & Experience

• Bachelor's degree or equivalent in Applied Statistics, Finance, Economics, or related: and

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

• Must have 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, developing, and implementing systematic solutions, running risk adjusted returns with model calibration, backtesting, statistics and simulation analysis;

• Performing advanced analysis, design, and scoring of hedging strategies and systematic hedging portfolios to deliver targeted protection while optimizing for costs;

• Performing market and risk analysis for investable indices/strategies/portfolios including Value-At-Risk, option greeks, stress-tests, market microstructure, and expected market-impact;

• Developing and maintaining coding tools and models for back testing and economics/market risk analysis; and,

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

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

$150,000.00 - $160,000.00 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.