Bank Of America Associate 

United States, New York, New York 

409089545

RESPONSIBILITIES:

• Take market-making actions and monitor market exposure of off-the-runs/curves indices in the US and connect with the relevant US and European accounts involved in that market.

• Take market-making actions and monitor market exposure to tranches, correlation products consisting of indices on credit default swaps, to get protection and/or exposure to a percentage of defaults of the underlying basket.

• Build the relevant pricing and analysis tools in the US that have already been built in Europe for off-the-runs/curves.

• Ensure connectivity with European Sales and Trading team.

• Analyze and monitor markets and assist clients in structuring trades using credit derivative instruments to express their views.

• Develop and analyze statistical models such as linear regressions to assess pair correlations between traded products.

• Price correlation credit derivatives products such as Credit Derivatives Tranches to generate prices for a given portfolio.

• Conduct complex financial transactions, research and analyze market risk opportunities, and hedge trading and risk strategies to identify market dislocations and opportunities to generate P&L for the desk while staying within the bank risk framework.

• Distribute and maximize credit derivatives trading for Credit CDS Indices (CDX), Tranches on CDS Credit indices, and Curves/off the runs products across the European and US region by utilizing knowledge of client needs and market dynamics to capture trades and flows.

REQUIREMENTS:

• Bachelor’s degree or equivalent in Business Administration, Finance, Economics, or related; and

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

• Must include 2 years of experience in each of the following:

• Developing and analyzing statistical models such as linear regressions to assess pair correlations between traded products;

• Pricing correlation credit derivatives products such as Credit Derivatives Tranches to generate prices for a given portfolio;

• Conducting complex financial transactions, researching and analyzing market risk opportunities, and hedging trading and risk strategies to identify market dislocations and opportunities to generate P&L for the desk while staying within the bank risk framework; and,

• Distributing and maximizing credit derivatives trading for Credit CDS Indices (CDX), Tranches on CDS Credit indices, and Curves/off the runs products across the European and US region by utilizing knowledge of client needs and market dynamics to capture trades and flows.

• 5% 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.

1st shift (United States of America)