Associate - Trading

Company: Disability Solutions
Location: New York
Posted on: February 1, 2025

Job Description:

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!Responsibilities

• Maintain trading book regarding marking positions, evaluating risk, and trade lifecycle maintenance for the desk.
• Be responsible for market making options on stocks, ETFs within assigned sector, and custom baskets.
• Be responsible for generating trade ideas for discussion with sales and clients.
• Cultivate relationships with clients to generate revenues through new client business.
• Analyze and research volatility market for discovery of mis-pricings in the marketplace for client monetization.
• Coordinate and hedge risks deriving from customer transactions to stay within risk limits.
• Be responsible for building tools in Python to monitor volatility changes, backtest trade ideas, and evaluate relative value trading opportunities.
• Work with Quants/Strats team to improve trading lifecycle automation and deliver new products that help with trading workflow.
• Market make single stock, ETF, custom basket option, dispersion products, and interest rate option, including executing trades for client facilitation.
• Assess and hedge trading book risk and optimize profitability.
• Monitor forward risk exposure, including borrow, dividend, and interest rate risks.
• Develop analytical tools in Python to improve automation and risk management, generate trade ideas, and manage desk's Git repository.
• Conduct securities markets research to identify opportunities and dislocations.
• Distribute and maximize custom basket trading for clients.Required Skills & Experience
  • Bachelor's degree or equivalent in Business Administration, Computational Finance, Economics, or related: and
  • 2 years of experience in the job offered or a related Finance occupation.
  • Must include 2 years of experience in each of the following:
  • Market making single stock, ETF, custom basket option, dispersion products, and interest rate option, including executing trades for client facilitation;
  • Assessing and hedging trading book risk and optimize profitability;
  • Monitoring forward risk exposure, including borrow, dividend, and interest rate risks;
  • Developing analytical tools in Python to improve automation and risk management, generating trade ideas, and managing desk's Git repository;
  • Conducting securities markets research to identify opportunities and dislocations; and,
  • Distributing and maximizing custom basket trading for clients.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: 40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$160,000.00 - $170,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.

Keywords: Disability Solutions, East Orange , Associate - Trading, Accounting, Auditing , New York, New Jersey