Bank of America Corporation

Director, Quantitative Execution Consulting

Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or higher in a quantitative field such as math, statistics, computer science, or engineering
  • Over 10 years of experience in transaction cost analysis and equity microstructure research
  • Knowledge of agency algorithmic trading strategies and order routing/venue analysis
  • Strong programming skills in KDB+/Q, R, and SQL, with familiarity in UNIX operating systems
  • Proven ability to work with large datasets
  • Comfortable communicating with external clients and explaining complex concepts
  • Excellent writing and presentation skills for client interactions.

Responsibilities

  • Analyze transaction costs for client trades and provide optimization strategies for BofA’s execution platform
  • Conduct internal research on algorithmic trading, including analyzing order parameters and routing
  • Implement enhancements to client-specific algorithms and overall platform routing strategies
  • Create client-facing research documents ranging from short notes to comprehensive papers
  • Respond to data requests from both internal sales/traders and external clients
  • Perform data-driven analysis on market microstructure and regulatory changes
  • Quantify improvements in algorithms through trials, simulations, and evaluations.

Benefits

  • Access to industry-leading benefits
  • Paid time off
  • Resources and support for employee development
  • Opportunity to make a positive impact in the business and community.
Full Job Description

Job Description:

Insight Team: Execution Consulting

The Execution Consulting team is a quantitatively oriented front office research group within the Execution Platform and Electronic Trading group. Members of the team perform research on transaction cost analysis (TCA), algorithmic trading strategies, order routing, and market structure. Each team member works closely with internal and external clients in order to improve the execution quality for BofA’s algorithmic platform. The ideal candidate has a data and technology skill set with a passion for studying large data sets through quantitative methods and communicating those results.

Responsibilities:

  • Transaction cost analysis of client trading flow, and advising clients of how they can optimize their usage of BofA’s execution platform.
  • Internal research of BofA’s algorithmic platform, including parent order parameters and order routing analysis.
  • Changes to either client specific algorithmic customizations, or plant wide algorithm and routing enhancements.
  • Client facing content on relevant research performed by the group, which can span from 1-2 page notes to more in depth papers.
  • Insightful data requests for internal sales/traders and external clients.
  • Thoughtful data-driven analysis on market microstructure and regulatory trends.
  • Quantifying algorithm improvements via trials, simulation, and signal evaluation.

Requirements:

  • Bachelors degree+ in a quantitative field: math, statistics, computer science, engineering or equivalent work experience.
  • 10+ years experience performing transaction cost analysis and related equity microstructure research.
  • Familiarity with agency algorithmic trading strategies and order routing/venue analysis.
  • Strong programming experience in KDB+/Q, R, and SQL, familiarity with UNIX OS.
  • Proven ability to work with large datasets.
  • Comfort interfacing with external clients on analysis and research content, with the ability to explain difficult concepts in a clear fashion.
  • Strong writing and client presentation skills.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$300,000.00 - $300,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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