Analyst/Associate in Rates & Derivatives Trading

About the Role at Bank of America

Bank of America strives to improve financial lives globally by connecting clients, communities, and employees with shared purpose and responsible growth. Promoting a supportive and inclusive workplace culture is central to the firm's success. The company prioritizes attracting and nurturing diverse talent, rewarding outstanding performance, and promoting the well-being of its employees through comprehensive benefits. This position supports an in-office work model that values collaboration and career advancement, while allowing flexibility based on specific role requirements.

Position Overview

This role involves supporting the trading of interest rate derivatives and structured products. The successful candidate will engage in pricing, risk oversight, market analysis, and automation initiatives, partnering closely with senior traders and structuring teams.

Key Responsibilities

• Assist with pricing and risk management for USD interest rate derivatives and structured products.
• Perform daily profit and loss (P&L) reporting, attribution, and risk oversight activities.
• Maintain detailed grids for volatility, correlation, and other market parameters.
• Handle trade lifecycle events including expirations, fixings, and cancellations.
• Analyze market data and macroeconomic releases to inform trading strategies.
• Develop and uphold analytical and automation tools utilizing Python and Excel.
• Collaborate with trading, structuring, and risk teams to conduct special analyses as needed.

Qualifications and Skills

• Between 1 to 3 years of experience in trading, financial markets, or related quantitative fields.
• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a comparable discipline; or equivalent professional experience.
• Proficiency in Microsoft Excel and familiarity with Bloomberg Terminal usage.
• Basic working knowledge of Python programming.
• Fundamental understanding of fixed income securities and interest rate instruments.
• Strong focus on detail and a genuine interest in financial markets.

Preferred Attributes

• Experience with derivatives or structured financial products.
• Background in P&L or risk reporting functions.
• Possession of relevant FINRA licenses.

Additional Information

• Typical work shift: first shift (US time zone).
• Weekly work hours: 40.