Options Trader jobs in United States, New York, New York

Responsibilities:

• Responsible for risk management and trading activities with limited direction from more senior staff.

• Manage workflow from front to back, including quotes, hedges, trades and downstream processes to minimize operational risks while optimizing market risk.

• Work closely with sales across varying time zones to get the "right price" to the "right client" given risk tolerance and balance sheet constraints.

• Conduct profit and loss and risk reconciliation.

• Detailed collateral analysis of large data sets of loans in order to determine securitization structures.

• Responsible for valuing a range of collateral asset types from auto loans to student loans to equipment leases.

• Conduct securitization analysis for rating agency optimization.

• Trade securities and loans across asset-based finance with a focus on student loans and other consumer loans.

• Build cashflow models using industry-standard cashflow engines, including lntex Cal and lntex Dealmaker.

• Pricing asset-backed securities backed by consumer and commercial assets in order to advise issuers on pricing consumer and commercial ABS by analyzing collateral comparisons, historical performance, and investor demand.

• Use originating, structuring, distributing, and providing structural advice to issuer clients.

• Conduct financial modeling with a focus on rating agency methodologies for cash and synthetic securitizations to assist banks with valuing and divesting portfolios of consumer loans.

• Synthesize large data sets by applying statistical methods using polynomial regression analysis.

• Use lntex Cale, lntex Dealmaker, Bloomberg, and Collateral Analysis System to convert a loan tape of thousands of loans into a tradeable asset that can be easily valued.

• Perform consumer and asset-based whole loan pricing and securitization analysis.

Required Skills & Experience:

• Master's degree or equivalent in Business Administration, Economics, Finance or related: and

• 3 years of experience in the job offered or a related Finance occupation.

• Must include 3 years of experience in each of the following:

• Pricing asset-backed securities backed by consumer and commercial assets in order to advise issuers on pricing consumer and commercial ABS by analyzing collateral comparisons, historical performance, and investor demand;

• Using originating, structuring, distributing, and providing structural advice to issuer clients;

• Conducting financial modeling with a focus on rating agency methodologies for cash and synthetic securitizations to assist banks with valuing and divesting portfolios of consumer loans;

• Synthesizing large data sets by applying statistical methods using polynomial regression analysis;

• Using lntex Cale, lntex Dealmaker, Bloomberg, and Collateral Analysis System to convert a loan tape of thousands of loans into a tradeable asset that can be easily valued; and,

• Performing consumer and asset-based whole loan pricing and securitization analysis.

• In the alternative, the employer will accept a Bachelor's degree and 5 years of progressively responsible experience.

• 10% domestic and international travel required, as necessary.

If interested apply online at or email your resume to and reference the job title of the role and requisition number.

EMPLOYER: BofA Securities, Inc.

Responsibilities

• Research or develop analytical tools to address issues such as portfolio construction/optimization, performance measurement, attribution, profit and loss measurement, and pricing models.

• Consult with traders or other financial industry personnel to determine need for new or improved analytical applications.

• Provide application and analytical support to researchers or traders on issues including valuations of data.

• Responsible for risk management and trading activities with limited direction from more senior staff.

• Manage workflow from front to back, including quotes, hedges, trades and downstream processes to minimize operational risks while optimizing market risk.

• Work closely with sales across varying time zones to get the ""right price"" to the ""right client"" given risk tolerance and balance sheet constraints.

• Generate replication strategies across asset classes and various equity index replications.

• Conduct profit and loss and risk reconciliation.

• Execute trades and hedging risks using market-making strategies for single stocks, ADRs, and ETF derivatives to facilitate workflow.

• Use Bloomberg to assess and hedge trading book risk and optimize profitability.

• Monitor and hedge FX and forward risk exposure, including stock borrow and dividends.

• Conduct securities market research to identify opportunities and dislocations.

• Assess macroeconomic risks in local and ADR markets to manage the trading book and provide market insights to clients.

• Execute trades and hedge risks using market-making strategies for single stocks, ADRs, and ETF derivatives to facilitate workflow.

• Use Bloomberg to assess and hedge trading book risk and optimize profitability.

• Monitor and hedge FX and forward risk exposure, including stock borrow and dividends.

• Conduct securities market research to identify opportunities and dislocations.

• Assess macroeconomic risks in local and ADR markets to manage the trading book and provide market insights to clients.

Required Skills & Experience

• Master's degree or equivalent in Finance, Economics, Mathematics, Engineering (any), or related: and

• 3 years of experience in the job offered or a related Quantitative occupation.

• Must have 3 years of experience in the job offered or a related quantitative occupation. Must include 3 years of experience in each of the following:

• Executing trades and hedging risks using market-making strategies for single stocks, ADRs, and ETF derivatives to facilitate workflow;

• Using Bloomberg to assess and hedge trading book risk and optimize profitability;

• Monitoring and hedging FX and forward risk exposure, including stock borrow and dividends;

• Conducting securities market research to identify opportunities and dislocations; and,

• Assessing macroeconomic risks in local and ADR markets to manage the trading book and provide market insights to clients.

• In the alternative, the employer will accept a Bachelor's degree and 5 years of progressively responsible experience.

If interested apply online ator email your resume toand reference the job title of the role and requisition number.

EMPLOYER:BofA Securities, Inc.

Responsibilities

• Actively participate on specific client and deal teams.

• Focus on financial and statistical analysis, development of client presentation, and structuring and execution activities.

• Assume business development and product advisory and specialist responsibilities.

• Responsible for primary coverage for a broad base of clients trading domestic and international markets, including Quantitative Funds, ETF fund managers, Asset Managers and Event Driven funds.

• Work with Portfolio Managers and Traders to actively manage their daily trading needs, which includes providing market color, generating pre-trade and post-trade analysis, and coordinating trading instructions with local desks.

• Coordinate trading in global Emerging, Developed and Frontier markets with our internal trading desks, as well as local brokers and partners in the region.

• Provide transaction cost analysis reports and review with client in order to provide best possible execution performance.

• Discuss trading strategy with sales team and clients based in the Americas, Europe, and Asia in order to provide best execution outcome.

• Understand how global equity markets operate, including liquidity, market structure, and stock exchanges to make informed decisions and execute trades in an efficient way.

• Leverage algorithmic trading strategies including VWAP, TWAP and smart order routing when accessing different trading venues including NASDAQ and NYSE.

• Use trading systems including Bloomberg, EMSX and Fidessa for analytics, trading and order management.

• Perform quantitative and statistical analysis using Python, VBA and R to automate manual processes to optimize trade execution and monitor performance.

• Analyze the factors of slippage, market impact, and timing risk, and effectively implementing strategies to minimize negative effects on trade execution and overall performance.

• Analyze global equity index benchmarks, how these indices can change over time and how these changes can affect global equity flows.

Required Skills & Experience

• Bachelor's degree or equivalent in Economics, Mathematics, Finance, Business Administration, or related: and

• 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 how global equity markets operate, including liquidity, market structure, and stock exchanges to make informed decisions and execute trades in an efficient way;

• Leveraging algorithmic trading strategies including VWAP, TWAP and smart order routing when accessing different trading venues including NASDAQ and NYSE;

• Using trading systems including Bloomberg, EMSX and Fidessa for analytics, trading and order management;

• Performing quantitative and statistical analysis using Python, VBA and R to automate manual processes to optimize trade execution and monitor performance;

• Analyzing the factors of slippage, market impact, and timing risk, and effectively implementing strategies to minimize negative effects on trade execution and overall performance; and,

• Analyzing global equity index benchmarks, how these indices can change over time and how these changes can affect global equity flows.

• 10% domestic or international travel required, as necessary.

If interested apply online ator email your resume toand reference the job title of the role and requisition number.

EMPLOYER:BofA Securities, Inc.

Responsibilities

• Work on risk management and trading activities with limited direction from more senior staff.

• Handle workflow from front to back, including quotes, hedges, trades, and downstream processes to minimize operational risks while optimizing market risk.

• Work closely with sales across varying time zones to get the ""right price"" to the ""right client"" given risk tolerance and balance sheet constraints.

• Generate replication strategies across asset classes.

• Conduct profit and loss and risk reconciliation.

• Handle EM risk including illiquid inventory of an ample variety of basis.

• Make market in liquid EM risks and illiquid structured products providing liquidity to clients.

• Understand global and EM idiosyncratic macroeconomic situations.

• Execute trades, manage risk, and provide pricing for Latin American interest rate swaps and local sovereign bonds, both nominal and inflation-linked, to maintain liquidity and support client needs.

• Manage risk in emerging market cross-currency basis, focusing on specific convertibility risks to ensure effective hedging and exposure mitigation.

• Mitigate cross-border risk and access local markets to optimize liquidity and enhance market opportunities.

• Originate, structure, and distribute macro–Emerging Markets products to meet client needs and capitalize on market opportunities.

Required Skills & Experience

• Master's degree or equivalent in Business Administration, Statistics, and Finance or related: and

• 3 years of experience in the job offered or a related Finance occupation.

• Must have 3 years in the job offered or a related Finance occupation. Must include three(3) years of experience in each of the following:

• Executing trades, managing risk, and providing pricing for Latin American interest rate swaps and local sovereign bonds, both nominal and inflation-linked, to maintain liquidity and support client needs;

• Managing risk in emerging market cross-currency basis, focusing on specific convertibility risks to ensure effective hedging and exposure mitigation;

• Mitigating cross-border risk and access local markets to optimize liquidity and enhance market opportunities; and,

• Originating, structuring, and distributing macro–Emerging Markets products to meet client needs and capitalize on market opportunities.

• In the alternative, the employer will accept a Bachelor's degree and 5 years of progressively responsible experience.

• 10% international and domestic travel required, as necessary.

If interested apply online ator email your resume toand reference the job title of the role and requisition number.

EMPLOYER:BofA Securities, Inc.

As a Machine Learning Engineer within our platform operations team, you will be tasked with the design, construction, and maintenance of our AIOps solution. This role demands a profound knowledge of AI/ML technologies, IT infrastructure, and platform engineering.

Job Responsibilities:

• Design, develop, and maintain software applications with integrated AI/ML capabilities with a key focus on AIOps.
• Collaborate with cross-functional teams to gather and analyze requirements, translating them into technical solutions.
• Develop and implement software architecture and design patterns to ensure scalability and performance.
• Write clean, maintainable, and efficient code in one or more general-purpose programming languages: Python, Java, C, C++, Go.
• Implement and manage data pipelines to preprocess and transform data for AI/ML models.
• Integrate AI/ML models into software applications and ensure seamless deployment into production environments.
• Optimize software applications for performance, reliability, and scalability.
• Conduct code reviews and provide technical guidance to junior developers.
• Stay up-to-date with the latest advancements in software engineering and AI/ML technologies.
• Ensure adherence to software development best practices, including agile and lean methodologies.
• Apply SRE principles to enhance system reliability, performance, and availability. Implement monitoring and alerting solutions to proactively identify and resolve issues.

Required Qualifications, Capabilities, and Skills:

• Bachelor’s degree in Computer Science or equivalent practical experience.
• Strong experience working with multiple technology teams in a matrixed organization.
• 7+ years of experience as a software developer with a focus on integrating AI/ML solutions.
• Strong programming skills in Python, with experience in developing and maintaining production-level code.
• Experience with application architecture and design patterns.
• Proficiency in working with large datasets and data preprocessing.
• Solid understanding of AI/ML algorithms and techniques, including deep learning and natural language processing.
• Familiarity with AI/ML libraries and frameworks, such as TensorFlow, PyTorch, scikit-learn, and Keras.
• Experience with cloud platforms, such as AWS or Azure, for deploying and scaling software applications.
• Strong problem-solving and analytical skills and excellent communication and collaboration skills.

Preferred Qualifications, Capabilities, and Skills:

• Familiarity with DevOps practices for software deployment and monitoring.
• Experience with SQL and NoSQL databases, Linux/Unix environments, and tools like Terraform and Apache Kafka.
• Experience with distributed computing frameworks, such as Apache Spark.
• Experience in implementing SRE practices to improve system reliability and performance.

In this role, you will:

• Advise leadership to develop or influence objectives, plans, specifications, resources, and long-term goals for highly complex business across Securities Sales Trading
• Lead the strategy and resolution of highly complex and objectives requiring in-depth evaluation companywide
• Deliver solutions that are long-term, large-scale and require vision, creativity, innovation, advanced analytical and coordination of highly complex activities and guidance to others
• Provide vision, direction and expertise to leadership on implementing innovative and significant business solutions that are large-scale cross-functional or companywide strategies
• Engage with all levels of professionals and managers companywide and serve as an expert advisor to leadership

Required Qualifications:

• 7+ years of Securities Sales Trading experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 10+ years direct equity derivatives experience - listed & OTC options, ETF's, cash equities, and swaps.
• 10+ years experience in all aspects of the sales process from product development to execution.
• High level of understanding option theory.
• Experience selling to Insurance companies, Pension funds, Endowments, and Asset Managers while also developing new growth opportunities and leveraging their contact network to understand client needs.
• Instrumental in developing bespoke funded equity derivative solutions.
• Team-oriented mindset and work in close partnership with the various businesses in the Equities division.
• Energetic self-starter who is detail oriented while possessing excellent communication and presentation skills.
• Candidate must be an individual who demonstrates a sense of personal accountability and urgency for achieving results.

Job Expectations:

• Up to 10% travel
• Registration for FINRA Series 7 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• Registration for FINRA Series 63 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• Registration for FINRA Series 55 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to compliance with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
• Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Pay Range

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.