Associate – Investable Index Trader

Posted:
8/23/2024, 7:30:36 AM

Location(s):
New York, New York, United States ⋅ New York, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking

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. 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!

Job Description:
This job is responsible for performing financial and statistical analyses, conducting research, and participating in specific client and deal teams. Key responsibilities include developing client presentations and structuring and execution activities. Job expectations may include rotating through any of the multiple client management, credit management, and capital raising product areas across Global Corporate and Investment Banking in a sales function.

Business Overview

The Investable Index team, a focus product line for the firm, is seeking a NYC based trader. The team’s strategies incorporate new technology, big data, and quantitative research. Partnering with Structuring and Sales, the trader will focus on the creation and risk management of our equity derivatives and exotic instruments including the design of innovative, rules-based indices. Every successful strategy requires liquidity, transparency, and innovation. Expertise is needed in the product to engage with clients primarily Pensions & Endowments, Insurance Companies and Annuity Investors which cover many of the firm’s largest institutional relationships.

Responsibilities:

  • Conducts financial analyses and prepares support documentation for client presentations
  • Researches products and services in the market to gain insight into marketing and sales trends
  • Supports the trading strategy to build effective client relationships and provide customized products and services to clients
  • Participates in due diligence sessions, while communicating and interacting with deal team members
  • Assists with sales, trading, and hedging activities and documents key findings for the team

Skills:

  • Trading
  • Trading Strategy
  • Trading and Investment Analysis
  • Analytical Thinking
  • Customer and Client Focus
  • Fiscal Responsibility
  • Research Analysis
  • 1-3 years Derivative experience preferred
  • Aptitude in Programming / Data Science
  • Creative in Problem Solving / Idea Generation
  • Excellent Partnership and Communication Skills
  • Experience developing systematic hedging strategies
  • Experience in Risk Trading
  • Extreme Attention to Detail
  • Familiarity with Exotic Payouts
  • Knowledge of BAML Trading systems a plus
  • Meticulous attention to detail, diligence and conscientiousness
  • Strong Mathematical background
  • Strong Quantitative Background
  • Strong understanding of market structure and execution costs
  • Technology Skills / Strong desire and ability to drive efficiencies across the Business

Shift:

1st shift (United States of America)

Hours Per Week: 

40