Director, Quantitative Execution Consulting

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Insight Team: Execution Consulting

The Execution Consulting team is a quantitatively oriented front office research group within the Execution Platform and Electronic Trading group. Members of the team perform research on transaction cost analysis (TCA), algorithmic trading strategies, order routing, and market structure. Each team member works closely with internal and external clients in order to improve the execution quality for BofA’s algorithmic platform. The ideal candidate has a data and technology skill set with a passion for studying large data sets through quantitative methods and communicating those results.

Responsibilities:

• Transaction cost analysis of client trading flow, and advising clients of how they can optimize their usage of BofA’s execution platform.
• Internal research of BofA’s algorithmic platform, including parent order parameters and order routing analysis.
• Changes to either client specific algorithmic customizations, or plant wide algorithm and routing enhancements.
• Client facing content on relevant research performed by the group, which can span from 1-2 page notes to more in depth papers.
• Insightful data requests for internal sales/traders and external clients.
• Thoughtful data-driven analysis on market microstructure and regulatory trends.
• Quantifying algorithm improvements via trials, simulation, and signal evaluation.

Requirements:

• Bachelors degree+ in a quantitative field: math, statistics, computer science, engineering or equivalent work experience.
• 10+ years experience performing transaction cost analysis and related equity microstructure research.
• Familiarity with agency algorithmic trading strategies and order routing/venue analysis.
• Strong programming experience in KDB+/Q, R, and SQL, familiarity with UNIX OS.
• Proven ability to work with large datasets.
• Comfort interfacing with external clients on analysis and research content, with the ability to explain difficult concepts in a clear fashion.
• Strong writing and client presentation skills.

Shift:

1st shift (United States of America)

Hours Per Week:

40