Analyst, Portfolio Risk Trading
About The Position
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! The AUM passively benched to indexes has grown rapidly over the last few decades. As passive assets have grown, index composition changes have had increasingly large trading impacts. Index related trades can be triggered by corporate actions such as M&A transactions, equity offerings and stock splits or by quarterly rebalances which have become outsized liquidity event dates with the potential for price dislocations in thousands of securities. Our team follows and trades these index events by predicting index composition changes prior to announcements, trading throughout the entire cycle of the rebalance, following and trading ongoing corporate actions, providing liquidity to Portfolio Trading clients and offering expertise on over 600 indexes globally to internal and external clients. This role touches all aspects of Sales & Trading and is an opportunity to develop an expertise in a growing industry. The team is looking for a junior trader to be based in New York, NY.
Requirements
- At least 2 to 3 years of relevant work experience
- The desire to work with the index landscape and interest in markets and trading strategy
- Comfortable with Excel
- Python experience is a plus; willingness to learn Python is required
- Analytical skills; Not afraid of data sets and digging into numbers
- Communication skills; Ability to speak with various audiences
- Series Exams are required but can be taken upon joining the team
Responsibilities
- Work primarily with Global Portfolio Risk and Agency Trading teams and their clients
- Maintain knowledge of methodologies and monitor ongoing index events for major AMRS indexes including CRSP, Nasdaq, Russell, S&P, FTSE, MSCI, TSX, etc.
- Run predictions using Excel and Python for index rebalances and monitor the rebalance trade from start to finish (prediction phase through reversion)
- Follow corporate actions and conduct forward looking analysis to estimate index impact and resulting trade sizes
- Trade index rebalances after receiving necessary licenses
- Follow markets and contribute ideas for trading and hedging strategies
- Despite primary affiliation with Portfolio Trading desk, interact with every desk on the Equity trading floor and their clients
Benefits
- access to paid time off
- resources and support to our employees
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
