Director, Senior Trader

Bank of America • New York, NY

22h • Hybrid

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!

Requirements

• Master's degree or equivalent in International Business, Business Administration, Finance, Economics, or related
• 4 years of experience in the job offered or a related Finance occupation.
• Must include 4 years of experience in each of the following: Understanding the risk sensitivities of different types of structured notes in the portfolio, including how the risk from such notes will change under different market conditions, with special attention to cross-gamma between credit spreads and other market factors the notes are linked to
• Understanding the models used to value different types of structured notes, including their limitations and sensitivities
• Developing and managing the development of tools to monitor and predict risk based on intraday market changes
• Assimilating current risk, views on market direction, and understanding of how portfolio risk will change with those market views to develop and execute hedging trades using liquid instruments
• Assimilating statistical correlations and other required model inputs with understanding of the models to review and update parameter marks for note valuation purposes.

Responsibilities

• Work independently and is responsible for risk management and trading activities.
• Execute transactions in accordance with established trading strategies, risk parameters, and procedures.
• Apply knowledge of product area including market liquidity and volatility, pricing, and trading/hedging strategies.
• Perform pricing of large incoming client trades from a funding and risk perspective.
• Contribute to the formulation of strategies and initiatives, including risk and modeling aspects of product development.
• Provide technical and product support to more junior associates.
• Responsible for end-of-day marking and profit/loss estimation processes, as well as explaining variation between prior day profit/loss actual versus estimation.
• Responsible for end-of-day risk estimation and coordination of risk management handoff to teammates in Asia, as well as explaining variation between prior day risk actual versus estimation.
• Monitor risk versus limits and proactively engage risk partners on temporary and permanent limit changes.
• Contribute to model monitoring and enhancement processes.
• Participate in risk and profit/loss reviews with internal and external stakeholders.

Benefits

• 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
• competitive benefits to support their physical, emotional, and financial well-being
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees