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, New Brunswick , Vice President; Structurer, Executive , New York, New Jersey