Vice President, Trader II

Company: Disability Solutions
Location: New York
Posted on: September 19, 2023

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:

• Perform enhancement of pricing and risk models to incorporate new market or products features.
• Perform numerical analysis of existing models and implementation and test performance enhancements.
• Generate required documentation and testing to support model risk management ongoing model review and validation.
• Perform work required to support regulatory and compliance requirements (such as Comprehensive Capital Analysis and Review).
• Contribute to product offering across both commodities and FX through existing signal optimization as well as new alpha development using statistical methods, machine learning algorithms, and data visualization.
• Support sales in marketing efforts in alpha and enhanced beta pitches as well as act as domain expert for client inquiries around systematic strategy space.
• Take systematic and tactical risks within commodities across the complex in delta-1 and nonlinear derivatives.
• Apply machine learning, statistical, and mathematic analyses to generate market signals and strategy backtests for the business as well as an institutional client base.
• Utilize knowledge of risk premia veins, research, and literature to function as a resource on client interactions.
• Leverage past experience to enhance daily hedging and book monetization of commodity index swaps book by augmenting intraday and end-of-day hedging techniques in traded market structures.
• Program in Python to maintain and implement trading strategies.REQUIREMENTS:
  • Master's degree or equivalent in Financial Engineering, Economics, Statistics or related; and
  • 3 years of experience in the job offered or a related finance occupation.
  • Must include 3 years of experience in each of the following:
  • Taking systematic and tactical risks within commodities across the complex in delta-1 and nonlinear derivatives;
  • Applying machine learning, statistical, and mathematic analyses to generate market signals and strategy backtests for the business as well as an institutional client base;
  • Utilizing knowledge of risk premia veins, research, and literature to function as a resource on client interactions;
  • Leveraging past experience to enhance daily hedging and book monetization of commodity index swaps book by augmenting intraday and end-of-day hedging techniques in traded market structures; and,
  • Programming in Python to maintain and implement trading strategies.
  • The employer will accept pre- or post- Master's degree experience.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: Merrill Lynch Commodities Inc.Shift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, New York , Vice President, Trader II, Accounting, Auditing , New York, New York