Associate, Non-Linear Rates Quant Analyst

Bank of America • New York, NY

1d • $130,000 - $160,000 • Onsite

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: This job is responsible for performing financial and statistical analyses and conducting quantitative analytics and complex modeling projects. Key responsibilities include supporting in the development of new models, analytic processes, or systems approaches and determining solutions to solve business problems by applying quantitative methods to related financial challenges. The New York Rates Quantitative Strategy Data Group is looking for an individual to join the team. We are a group that is responsible for providing analytical support to all of the NY rates areas including the exotics, options, swaps, governments, agency, repo, structured notes and inflation trading desks as well as support areas such as finance, risk management and middle office. The current position’s focus will be on linear rates derivatives. We are responsible for developing and supporting the pricing and risk models used by the desks, the integration of these models into the Firm’s trading systems, analyzing new products and models, helping price transactions, and other ad‑hoc requests.

Requirements

• Advanced degree in a quantitative field (e.g., physics, mathematics, finance, engineering) is preferred
• Strong knowledge and skills in analytical modeling and numerical methods
• Required expertise in stochastic calculus, probability theory, and pricing models for rates derivatives
• Strong programming proficiency in C++ and Python
• Ability to work effectively in a fast‑paced trading floor environment
• Strong verbal and written communication skills

Nice To Haves

• Prior front‑office experience focused on analytic development (preferred)
• Interest in staying current with modern development tools and workflows, including AI‑assisted coding and advanced automation frameworks (advantageous)
• An interest in staying current with modern development tools and workflows, such as AI‑assisted coding or advanced automation frameworks, is advantageous.

Responsibilities

• Develops forecast and pricing models, analytic processes, or systems approaches, implementing solutions for financial challenges
• Assesses market trends and provides quantitative data to internal partners and clients to identify the solutions required to effectively solve business problems
• Development of new financial models, analytics and tools to support the linear rates derivatives.
• Development of non-linear rates models, analytics, and tools.
• Integration of financial models into Firm systems.
• Tactical support of risk and pricing activities on the rates trading desks.
• Overall support of rates analytics at the Firm.

Benefits

• This 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.
• This 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level