Associate, Equity Derivatives Trading

Bank of America•New York, NY

1d•Onsite

About The Position

The Associate will support the trading, pricing, and risk management of equity and volatility derivatives, with a focus on complex and non‑vanilla products. This role is designed for a technically strong individual who can operate in a fast‑paced trading environment, contribute to pricing and hedging activities, and progressively take on greater ownership of risk and client facilitation under the supervision of senior traders.

Requirements

Bachelor's or Master's degree in Finance, Mathematics, Engineering, Physics, a related quantitative discipline, or equivalent work experience.
2–5 years of experience in equity derivatives trading, structuring, or quantitative risk/pricing.
Strong quantitative aptitude with familiarity in option pricing, Greeks, and risk concepts.
Proficiency in Python or similar analytical programming languages; experience with pricing or risk models is a plus.
High attention to detail, strong work ethic, and ability to operate effectively in a high‑pressure trading environment.

Nice To Haves

Gain hands‑on exposure to a broad equity derivatives product suite, including: OTC and listed single‑stock, ETF, and index options Structured notes and structured indices Equity, volatility, variance, dispersion, and correlation swaps Listed futures and ETFs
Develop a working knowledge of dispersion, correlation, relative‑value volatility strategies, and hedge replication techniques.

Responsibilities

Assist in the pricing and risk management of equity and volatility derivatives, including autocallables, issuer callables, basket options, correlation products, and volatility/variance swaps.
Support bespoke pricing requests for structured derivatives with customized payoff profiles, and help implement hedging strategies using vanilla options and related instruments.
Monitor market risk, sensitivities, and exposures, escalating material changes to senior traders as appropriate.
Execute hedging trades and assist with inventory management, including selective interaction with inter‑dealer counterparties.
Support calibration and maintenance of exotic pricing models, including parameters capturing spot‑volatility correlation and skew dynamics.
Contribute to ongoing enhancement of pricing, risk, and scenario analytics as market conditions or product features evolve.
Apply Python‑based tools and analytics to support pricing, risk analysis, and trade evaluation for non‑vanilla products.
Partner with equity derivatives sales teams across regions to support timely and accurate pricing, ensuring alignment with client objectives and desk risk constraints.
Help prepare trade ideas, payoff analysis, and market color for institutional clients, particularly in equities and volatility‑linked products.
Assist in identifying client demand trends and potential opportunities for structured or relative‑value trades.
Support the full front‑to‑back trade lifecycle, including quoting support, execution follow‑up, booking validation, lifecycle events, and coordination with operations.
Assist with daily P&L reporting, risk reconciliation, and investigation of discrepancies.
Ensure adherence to desk controls, operational procedures, and risk governance standards.