Bank of America Corporation

VP, Muni Quant Developer

Bank of America Corporation$100K — $225K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in quantitative analytics and modeling
  • Proficiency in designing low latency, high availability trading systems
  • Expertise in Java and Python programming languages
  • Advanced degree (Masters/PhD) in Mathematics, Statistics, Physics, Engineering, or Computer Science
  • Solid knowledge of financial markets and products
  • Proven experience with large datasets and quantitative modeling techniques

Responsibilities

  • Design and maintain quantitative models for Municipal bond trading
  • Develop and implement monitoring tools for system performance
  • Conduct thorough testing strategies to ensure model reliability
  • Investigate trading system incidents and perform root-cause analysis
  • Analyze large datasets using qualitative and quantitative methods
  • Drive continuous improvement in model performance
  • Collaborate with Trading and Technology teams to enhance trading systems

Benefits

  • Access to industry-leading benefits
  • Paid time off and flexible working arrangements
  • Resources and support for employee development
  • Opportunities for performance-based bonuses
  • Engagement in community growth initiatives
Full Job Description
Job Description:
This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities:

  • Design, build and maintain quantitative models and electronic trading solutions supporting Municipal bond market making, pricing, execution, inventory management and risk management.
  • Develop robust monitoring, alerting and operational tooling to ensure platform reliability and performance.
  • Employ comprehensive unit, integration, regression and performance testing strategies.
  • Support production incidents, investigate trading system behavior, and drive root-cause analysis and remediation.
  • Perform statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches.
  • Identify continuous improvements through reviews of ongoing model and algo behavior.
  • Responsibilities of this role include working with the Muni business to research, design and build the trading models and electronic systems for pricing, electronic market making and automatic risk management for the Muni trading desks. This role operates in close co-operation with our partners in Trading and Technologyas well as other lines of business across FICC.


Skills:
  • Experience in designing and building production trading systems and knowledge of underlying trading infrastructure, with an emphasis on distributed low latency high availability systems, including pricing and risk management, trade & order lifecycle management, algorithmic execution
  • Exceptional development skills in Java and Python with experience working on multi-threaded programming and dependency injection frameworks like Google Guice or Spring
  • Academic background at undergraduate or, ideally, Masters/PhD level in a quantitative subject (Mathematics, Statistics, Physics, Engineering, Computer Science or other analytical background) or related work experience
  • Financial markets experience
  • Experience in quantitative modelling and working with large datasets


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

$100,000.00 - $225,000.00 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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