Job summary
Job post source
This job is directly from Bank of America
Job overview
The Vice President; Quantitative Finance Analyst at Bank of America is responsible for developing quantitative derivative pricing models and supporting commodities trading desks, contributing to the company's commitment to Responsible Growth.
Responsibilities and impact
Daily responsibilities include researching and developing pricing models for commodities, supporting trading desks, proposing improvements, developing software applications, conducting quantitative analysis, and automating tasks using Python.
Compensation and benefits
The salary range for this position is $200,000 to $210,000 annually, with eligibility for discretionary incentives and industry-leading benefits including paid time off and resources for employee support.
Experience and skills
Candidates must have a Master's degree in a related field and at least 3 years of experience in quantitative analysis, financial modeling, and using Python for automation, along with knowledge of financial markets and stochastic calculus.
Career development
The role offers opportunities for career growth within a diverse and inclusive workplace that emphasizes learning and making an impact.
Work environment and culture
Bank of America promotes a diverse and inclusive workplace, focusing on employee well-being and flexibility in work arrangements.
Company information
Bank of America is committed to helping make financial lives better and emphasizes Responsible Growth, investing in its employees and communities.
Team overview
The specific team dynamics and size are not detailed, but the role supports various commodities trading desks.
Job location and travel
The job is based in New York, with potential for remote work within a commutable distance.
Application process
Interested candidates can apply online at Bank of America's careers page or email their resume to bofajobs@bofa.com, referencing the job title and requisition number.
Unique job features
This role distinguishes itself by the opportunity to work on quantitative models for commodities and the potential for significant impact on the trading business.
Company overview
Bank of America is a leading multinational financial institution that provides a wide range of banking, investment, and financial services to individual consumers, small and middle-market businesses, and large corporations. The company generates revenue through interest income, fees, and commissions from its diverse portfolio of services including consumer banking, wealth management, and global banking. Founded in 1904 as the Bank of Italy, it has grown through significant mergers and acquisitions, including the notable acquisition of Merrill Lynch in 2008, which expanded its investment banking and wealth management capabilities.
How to land this job
Position your resume to highlight your expertise in quantitative finance, particularly your experience with derivative pricing models and financial modeling for commodities markets, as these are central to the role at Bank of America.
Emphasize your proficiency in Python for automating complex tasks, your knowledge of statistical tools, and your familiarity with stochastic calculus and financial engineering techniques, as these skills are specifically mentioned in the job description.
Apply through multiple platforms, including Bank of America's corporate site and LinkedIn, to maximize your chances of being noticed for this Vice President position.
Connect with professionals in the commodities trading division at Bank of America on LinkedIn to gather insights about the role; potential ice breakers could include discussing recent trends in commodities markets or asking about their experiences with model development.
Optimize your resume for ATS by incorporating keywords from the job description, such as 'quantitative analysis,' 'financial modeling,' and 'Python,' to ensure it passes through initial screenings successfully.
Utilizing Jennie Johnson's Power Apply feature can streamline your application process by tailoring your resume, identifying the best application channels, and finding connections to network with at Bank of America, allowing you to focus on your job search more effectively.
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