Bank of America is looking to solve the problem of optimizing trade execution and performance in global equity markets by leveraging quantitative analysis and algorithmic trading strategies.
Requirements
- Understanding how global equity markets operate, including liquidity, market structure, and stock exchanges to make informed decisions and execute trades in an efficient way
- Leveraging algorithmic trading strategies including VWAP, TWAP and smart order routing when accessing different trading venues including NASDAQ and NYSE
- Using trading systems including Bloomberg, EMSX and Fidessa for analytics, trading and order management
- Performing quantitative and statistical analysis using Python, VBA and R to automate manual processes to optimize trade execution and monitor performance
- Analyzing the factors of slippage, market impact, and timing risk, and effectively implementing strategies to minimize negative effects on trade execution and overall performance
- Analyzing global equity index benchmarks, how these indices can change over time and how these changes can affect global equity flows
Responsibilities
- Focus on financial and statistical analysis, development of client presentation, and structuring and execution activities.
- Responsible for primary coverage for a broad base of clients trading domestic and international markets, including Quantitative Funds, ETF fund managers, Asset Managers and Event Driven funds.
- Work with Portfolio Managers and Traders to actively manage their daily trading needs, which includes providing market color, generating pre-trade and post-trade analysis, and coordinating trading instructions with local desks.
- Coordinate trading in global Emerging, Developed and Frontier markets with our internal trading desks, as well as local brokers and partners in the region.
- Provide transaction cost analysis reports and review with client in order to provide best possible execution performance.
- Leverage algorithmic trading strategies including VWAP, TWAP and smart order routing when accessing different trading venues including NASDAQ and NYSE.
- Perform quantitative and statistical analysis using Python, VBA and R to automate manual processes to optimize trade execution and monitor performance.
Other
- Actively participate on specific client and deal teams.
- Assume business development and product advisory and specialist responsibilities.
- Discuss trading strategy with sales team and clients based in the Americas, Europe, and Asia in order to provide best execution outcome.
- 4 years of experience in the job offered or a related Finance occupation.
- 10% domestic or international travel required, as necessary.
