Bank Of America VP Quant Strategist - Rates eTrading 

United States, New York, New York 

113917419

Job Description Summary

Incumbents possess excellentquantitative/analyticand coding skills, and a broad knowledge of financial markets and products.

This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities:

• Responsibilities of this role include working with Global Rates business to research, design and build the trading models and electronic systems for pricing, electronic market making and automatic risk management for the Rates trading desks. This role operates in close co-operation with our partners in Trading, Sales and Technology as well as other lines of business across FICC.

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers

• Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
• Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
• Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

Skills:

• Experience in designing and building production trading systems and knowledge of underlying trading infrastructure, with an emphasis on distributed low latency, high availability systems, including pricing and risk management, trade & order lifecycle management, algorithmic execution
• Exceptional development skills in Java with experience working on multi-threaded programming and dependency injection frameworks like Google Guice or Spring
• Academic background at undergraduate or, ideally, Masters/PhD level in a quantitative subject (Mathematics, Statistics, Physics, Engineering, Computer Science or other analytical background)
• Financial markets experience
• Experience in quantitative modelling and working with large datasets

Master’s degree in related field or equivalent work experience

1st shift (United States of America)