Analyst/Associate, Prime Financing Sales Trader

Bank of America•New York, NY

2d•$110,000 - $130,000•Onsite

About The Position

This role is responsible for driving data-driven trading, analytics, and automation within the securities financing business. The position combines quantitative analysis, systematic trading, and technology development to optimize PnL, enhance risk management, and support trading and client activities. The candidate will partner closely with trading, technology, finance, and strategy teams to develop scalable solutions, improve market insights, and support the execution and structuring of transactions across global markets.

Requirements

Bachelor’s degree in Finance, Economics, Business Administration, related field, or equivalent work experience

Responsibilities

Trading, Strategy and Execution: Support sales, trading, and hedging activities, including structuring, pricing, and execution of securities financing transactions.
Manage the short book, including pricing, inventory levels, and liquidity planning across hard-to-borrow securities.
Establish internal pricing for securities lending and partner with Finance to streamline intercompany PnL processes.
Execute and monitor domestic and international equity financing transactions in line with market and regulatory requirements.
Assist with day-to-day trading operations, including reconciliation and clearing.
Quantitative Analysis and Research: Perform financial, statistical, and quantitative analysis to identify trends and support trading decisions.
Conduct market research and develop data-driven insights and recommendations.
Develop and maintain models to analyze market behavior, balance sheet usage, and PnL drivers.
Run predictive analytics using Python to forecast events and risks within the book.
Produce reporting including trend analysis, market color, and performance metrics.
Technology, Automation and Data: Develop and maintain trading algorithms and systematic strategies to optimize performance.
Build automation and AI-driven solutions to streamline trading workflows and risk monitoring.
Partner with technology teams to design and implement automated trading systems.
Work with Python, SQL, real-time data feeds, and APIs (including Bloomberg).
Build dashboards and data visualizations (e.g., Tableau) to support decision-making.
Product Development and Innovation: Contribute to development of new trading products and identify market opportunities.
Collaborate across teams to enhance electronic trading capabilities and scalability.
Develop metrics and analytics to better understand market behavior and client demand.
Risk and Balance Sheet Management: Monitor and optimize risk exposure, collateral usage, and funding strategies.
Support balance sheet and RWA optimization through data-driven approaches.
Ensure adherence to internal policies and regulatory requirements.