Vice President; Structurer
Company: Disability Solutions
Location: New York
Posted on: October 25, 2024
Job Description:
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. Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Responsibilities
- Drive the research, development, and implementation of
strategies offered by the bank under the Investible Indices Equity
Mandate.
- Perform advanced analysis, design, and scoring of Hedging
strategies and systematic Hedge Portfolios to deliver targeted
protection given expected market downturn scenarios while
optimizing for costs.
- Market systematic strategies to Pension Funds, Asset Managers,
Family Offices, and Insurance Carriers across regions.
- Develop and maintain coding tools and models for backtesting,
economics/market risk analysis, and process automation.
- Educate sales and clients on the existing offering and new
strategies.
- Research, design, and implement Equity Volatility Alpha
(including yield generation strategies), relative value, and
Hedging Strategies (including systematic downside protection) using
index options, single stock options, VIX options, and futures and
parameterization/fitting techniques including Volatility surface
calibration using internal marks.
- Research, design, and implement systematic strategies for use
in FIA and RILA products.
- Design Quantitative Asset Allocation strategies including Equal
Risk Contribution, Black Litterman, Hierarchical Clustering, and
Rearrangement Algorithm within both the multi-asset and
single-stock space.
- Explore and incorporate Machine Learning and Artificial
Intelligence algorithms including Discriminant Analysis,
Agglomerative and Hierarchical Clustering, Natural Language
Processing, and Deep Learning Networks into the Investible Indices
quantitative strategies suite targeting more efficient stock
selection, regime changes identification, and enhanced asset
allocation.
- Perform Risk, Liquidity, regulatory, and compliance analysis
for new investable indices including Value-At-Risk, Option Greeks,
portfolio stress-tests, percentage traded volume, expected market
impact, and Comprehensive Capital Analysis and Review (CCAR).
- Remote work may be permitted within a commutable distance from
the worksite.Required Skills & Experience
- Master's degree or equivalent in Finance, Statistics,
Mathematics, Engineering (any) or related; and
- 3 years of experience in the job offered or a related
quantitative occupation.
- Must include 3 years of experience in each of the
following:
- Researching, designing and implementing of Equity Volatility
Alpha (including yield generation strategies), relative value, and
Hedging Strategies (including systematic downside protection) using
index options, single stock options, VIX options and futures and
parameterization /fitting techniques including Volatility surface
calibration using internal marks;
- Researching, designing and implementing systematic strategies
for use in FIA and RILA products;
- Designing Quantitative Asset Allocation strategies including
Equal Risk Contribution, Black Litterman, Hierarchical Clustering,
and Rearrangement Algorithm within both the multi-asset and
single-stock space;
- Exploring and incorporating Machine Learning and Artificial
Intelligence algorithms including Discriminant Analysis,
Agglomerative and Hierarchical Clustering, Natural Language
Processing, and Deep Learning Networks into the Investible Indices
quantitative strategies suite targeting more efficient stock
selection, regime changes identification, and enhanced asset
allocation; and,
- Performing Risk, Liquidity, regulatory, and compliance analysis
for new investable indices including Value-At-Risk, Option Greeks,
portfolio stress-tests, percentage traded volume, expected
market-impact, and Comprehensive Capital Analysis and Review
(CCAR).If interested apply online at www.bankofamerica.com/careers
or email your resume to bofajobs@bofa.com and reference the job
title of the role and requisition number.EMPLOYER: BofA Securities,
Inc. Shift:1st shift (United States of America)Hours Per Week:
40Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK -
BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay
range$225,000.00 - $235,000.00 annualized salary, offers to be
determined based on experience, education and skill
set.Discretionary incentive eligibleThis role is eligible to
participate in the annual discretionary plan. Employees are
eligible for an annual discretionary award based on their overall
individual performance results and behaviors, the performance and
contributions of their line of business and/or group; and the
overall success of the Company.BenefitsThis role is currently
benefits eligible. We provide industry-leading benefits, access to
paid time off, resources and support to our employees so they can
make a genuine impact and contribute to the sustainable growth of
our business and the communities we serve.
Keywords: Disability Solutions, North Bergen , Vice President; Structurer, Executive , New York, New Jersey
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