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Bank Of America DIR Power Trading – Structured Transactions 
United States, Texas, Houston 
935135612

08.04.2025

Job Description:

Job Description:
This job is responsible for managing risk and developing trading activities with limited direction from senior staff. Key responsibilities include proactively maintaining and building client relationships, supporting clients with buying and selling financial products, and implementing trading strategies to achieve revenue goals. Job expectations include having in-depth knowledge of risk management, hedging, and trading strategies as well as market characteristics.

Responsible for risk management and trading activities with limited direction from more senior staff. Scope of activities and authority defined by trading limits. Strong knowledge of risk management, hedging and trading strategies, as well as market fundamentals.

Responsibilities:

  • Partners with global sales teams to help the bank's clients execute trading activities, while sharing knowledge of the current market environment
  • Performs trading activities in compliance with federal regulations, industry standards, and other requirements and ensures trading orders are executed with the highest degree of accuracy and time efficiency
  • Assigns accounts to pre-defined trading models and administers trades based on product guidelines
  • Operates as a market maker, buying and selling financial instruments in accordance with established trading strategies and risk parameters
  • Works independently and is responsible for risk management and trading activities with limited direction from more senior staff
  • Scope of activities and authority defined by trading limits, transaction control, and book marking. Responsible in the absence of senior traders to make sure EOD is accurate and reflects our markets view.
  • Executes transactions in accordance with established trading strategies and risk parameters while implementing personal strategic market making inventory views
  • Contributes to the formulation of long term strategies used for desk, sales and origination market views
  • May be needed to provide technical and product support to more junior associates

Skills:

  • Business Acumen
  • Trade Monitoring
  • Trading
  • Trading Strategy
  • Trading and Investment Analysis
  • Strong knowledge of risk management, hedging and trading strategies as well as fundamentals in US Power markets
  • Has a thorough knowledge of product area including market liquidity and volatility, pricing, and trading/hedging strategies of the US Eastern and/or ERCOT power markets.
  • Seven+ years of East/ERCOT power market experience is preferred to effectively manage daily operations.
  • Prior experience pricing / managing structured power transactions, including but not limited to heat rate call options, vanilla power options, and gas options required.
1st shift (United States of America)