Bank of America is looking to develop and implement analytical tools for portfolio construction, optimization, performance measurement, attribution, profit and loss measurement, and pricing models. They also need to consult with financial industry personnel to determine the need for new or improved analytical applications and provide application and analytical support for valuations of data. Additionally, the role involves managing risk and trading activities, optimizing market risk, and generating replication strategies across asset classes.
Requirements
- Executing trades and hedging risks using market-making strategies for single stocks, ADRs, and ETF derivatives to facilitate workflow
- Using Bloomberg to assess and hedge trading book risk and optimize profitability
- Monitoring and hedging FX and forward risk exposure, including stock borrow and dividends
- Conducting securities market research to identify opportunities and dislocations
- Assessing macroeconomic risks in local and ADR markets to manage the trading book and provide market insights to clients
Responsibilities
- Research or develop analytical tools to address issues such as portfolio construction/optimization, performance measurement, attribution, profit and loss measurement, and pricing models.
- Consult with traders or other financial industry personnel to determine need for new or improved analytical applications.
- Provide application and analytical support to researchers or traders on issues including valuations of data.
- Responsible for risk management and trading activities with limited direction from more senior staff.
- Manage workflow from front to back, including quotes, hedges, trades and downstream processes to minimize operational risks while optimizing market risk.
- Generate replication strategies across asset classes and various equity index replications.
- Conduct profit and loss and risk reconciliation.
Other
- Master's degree or equivalent in Finance, Economics, Mathematics, Engineering (any), or related: and
- 3 years of experience in the job offered or a related Quantitative occupation.
- In the alternative, the employer will accept a Bachelor's degree and 5 years of progressively responsible experience.
- 1st shift (United States of America)
- 40 Hours Per Week
