Associate/Vice President, Cross Asset Structured Products Trader
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 an 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. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Role Overview
We are seeking an Associate or Vice President to join the CFD And Structured Notes Desk as a trader. The Desk works with Global Markets sales and structuring teams to issue equity, rates, currency, credit, and commodity linked structured notes, then the Desk is responsible for daily risk management of these liabilities. The role will focus on risk management strategies and hedge execution, but has related responsibilities including note pricing, daily P&L prediction and explanation, improving risk and P&L tools, and management reporting and queries. The successful candidate will communicate and collaborate well in a team environment, working with other traders, as well as structuring, sales, quant, risk, and finance partners, to improve management of the portfolio and grow the business. An ideal candidate will have structuring or trading experience with structured notes or similar exotic derivatives, particularly equity or credit products.
Key Responsibilities
- Trade and manage risk across a portfolio of non‑linear products
- Monitor market dynamics, macro developments, and event risks impacting the portfolio
- Apply knowledge of products including market liquidity and volatility
- Execute transactions in accordance with established trading strategies, risk parameters, and procedures
- Perform pricing of large, complex trades
- Contribute to the formulation of strategies and initiatives, including risk and modeling aspects of product development
- Responsible for end of day marking and profit/loss estimation processes, as well as explaining variation between prior day profit/loss actual vs estimation
- Responsible for end of day risk estimation and coordination of risk management handoff to teammates in other regions, as well as explaining variation between prior day risk actual vs estimation
- Responsible for monitoring risk vs limits and proactively engaging risk partners on temporary and permanent limit changes
- Participate in risk and profit/loss reviews with internal and external stakeholders
Required Qualifications
- 3–5+ years of experience trading or supporting non‑linear products (Associate to VP level)
- Strong quantitative intuition; comfort working with pricing models and analytics
- Ability to work effectively in a fast‑paced, high‑pressure trading environment
- Excellent communication skills and ability to partner cross‑functionally
- Bachelor’s degree or equivalent work experience
Preferred Experience
- Direct trading or structuring experience in equities and other asset classes
- Understanding of these structured or exotic products, risks, and hedging techniques
- Familiarity with quantitative tools, pricing libraries, or trader‑driven analytics
Shift:
1st shift (United States of America)Hours Per Week:
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