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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

• Educate clients about complex structures and technical products and develop new products and bringing them to market.
• Perform numerical analysis of existing models and implementation and testing of performance enhancements.
• Perform general sales, trading, and hedging activities and help to originate, structure, and model transactions.
• Assess market trends and provide quantitative data for clients and performing market and quantitative research analysis.
• Research and model complex products/trends/phenomena including Hedges, Index Replication, and Alpha Strategies using large data sets of financial data.
• Execute Portfolio decomposition, performance analytics, and risk modeling using both Axioma and Barra multifactor risk frameworks, using R and Python.
• Perform quantitative analysis of the current markets, trends and trading strategies and enhance pricing and risk models to incorporate new market or products features.
• Complete execution strategies utilizing risk frameworks and multi-period optimization.
• Sell both portfolio strategies and execution strategies to various institutional investors.
• Generate required documentation and testing to support model risk management ongoing model review and validation.
• Remote work may be permitted within a commutable distance from the worksite.

• Master's degree or equivalent in Financial Economics, Financial Engineering and Operations Research 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:
• Researching and modelling complex products/trends/phenomena including Hedges, Index Replication, and Alpha Strategies using large data sets of financial data;
• Executing portfolio decomposition, performance analytics and risk modeling using both Axioma and Barra multifactor risk frameworks, using R and Python;
• Performing quantitative analysis of the current markets, trends and trading strategies and enhancing pricing and risk models to incorporate new market or products features;
• Completing execution strategies utilizing risk frameworks and multi-period optimization;
• Selling both portfolio strategies and execution strategies to various institutional investors; and,
• Generating required documentation and testing to support model risk management ongoing model review and validation.