Equity Trading Strategist

Job Description:

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 a diverse and 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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

• The equity derivatives structuring team develops and evaluates hedging solutions, investment products and design systematic strategies sold to institutional clients globally. Working closely with sales & trading, the structuring group translates trading axes, risk recycling and research ideas into investment products but also tailors solutions to provide yield enhancement, protection and portfolio asset allocation via options and rules-based indices. The process of designing solutions and products gives the opportunity to work on a wide variety of financial instruments including equity indices, single stocks, hybrids and multi-asset products.
  
  Product/Desk Overview
  
  The group is organized by geographical region and products skills divided into smart flows, structured products and investable indices derivatives. The client base includes: 3rd Party Distributors, Private Banks, Asset Managers, Hedge Funds, Pensions and Insurance Companies.
  
  Roles and Responsibilities
  
  
  • This position will be focused on equity derivatives Investable Indices, covering the whole trade lifecycle: from initial index design to backtesting, implementation, marketing, documentation, pitch and trade execution.
  • Research, Design and Implementation of Equity Volatility Alpha, Hedge, Equity Replacement Strategies using listed index options and futures & single stock options
  • Analysis and design of Hedging strategies to deliver targeted protection given expected market downturn scenarios while optimizing for carry costs
  • Collaborate with trading, sales, market risk, legal, tax, middle office, quant and technology departments for the launch of new Investable index solutions.
  • Market Equity Derivatives Investable indices to Pension Funds, Asset Managers, Family Offices and Insurance Carriers across regions.
  • Development and maintenance of models for economic and risk analysis, including price shock scenario analysis, price sensitivity models, options greek analysis, portfolio strategy modelling, leverage analysis, and other market risk models
  • Conduct market research to provide economic context to the risk and profitability of equity derivatives systematic strategies
  
  Expectations and Required Skill Set
  
  
  • Master degree in Quantitative Field is preferred
  • Team player
  • Problem solving
  • Strong analytical and mathematical skills
  • Strong communication skills
  • Strong knowledge of financial derivatives products : structured products, hybrids, exotic payoffs
  • Strong programming skills in Python, Matlab, C++ , VBA in order to develop statistical and mathematical models