#1 Global Quant Trading Career Program, developed by Asian Hedge Fund Quants
(Powered by APAC Universities | Certified |
Endorsed by Global Hedge Funds & Prop Shops)
About the Role
Why Us?
The Quantitative Strategies Group (QSG) is responsible for the models and analytics used in the Sales and Trading divisions within Global Markets. The group designs, builds and maintains industrial strength tools for analyzing, pricing and risk managing financial products across all asset classes traded by Bank of America. The group works closely with trading, structuring, risk management and technology to provide analytics which can quickly and accurately quantify the firm’s risks. This involves developing models and algorithms able to accurately calculate the value and risk of the financial products we offer our clients.
What you’ll do:
- Build quantitative models for pricing and risk management
- Work closely with technology to implement and maintain models and algorithms
- Apply new technologies to solve business problems more efficiently
- Work closely with trading, sales and technology to optimize client experience, trading revenues, and trading volumes
- Drive new initiatives and products in the electronic trading space.
Placement within QSG is determined after the hiring process depending on the business needs and the interests/skills of candidate. The various teams within Equity and FICC QSG include:
- Flow Derivatives Strats
- Exotic Derivatives Strats
- Electronic & Algorithmic Trading Strats
- Index Financing Strats
- Delta One Strats
- Rates Strats
- eFX Strats
Possible Responsibilities (vary with placement):
- Development of new products/models
- Risk/PL analysis
- Development of quantitative tools
- Investigation of hedging strategies and hedging cost
- Electronic trading analysis (e.g. portfolio optimization, market microstructure, transaction costs)
Program Overview
The Summer Program is a 10-week program designed to provide Summer Associates with a unique opportunity to gain an exposure to life at Bank of America and also make significant contributions to the team. The Summer Program begins with an orientation and induction to the firm. Summer Associates are given a true associate experience, as assignments mirror full-time responsibility and include goal-setting and a formal review process.
- Access to the bank’s learning hub containing a variety of learning resources, ranging from banking fundamentals to communication skills
- Structured and on-the-job training
- Networking and social opportunities
- Speaker series with senior management across all lines of business
- Corporate Social Responsibility project/learning
- Involvement in Opportunity and Inclusion training/events
- Consideration for full-time employment upon graduation
Requirements
What we’re looking for:
Penultimate year Master's or PhD student
Outstanding academic achievement
Mathematics, Engineering, Physics or Computer Science background required
Strong programming skills required (preferably in an Object-oriented language such as Python, Java, C#, C++)
Experience using Excel/VBA
Database skills and exposure to KDB/q advantageous
A commercial mindset and an interest in financial markets and quantitative finance
Strong quantitative and analytical skills
Strong verbal and written communication skills
Creative thinking and problem-solving skills
Fluency in English is essential
The ability to work well independently and in teams
About the Company
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 an 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!