Commodities Quantitative Analyst

Bank of America; New York (NY); On-site; USD 90,000 - 150,000; Full time

Job summary

Join an innovative firm as a Commodities Quantitative Analyst, where you'll leverage your expertise in quantitative finance to develop and maintain cutting-edge pricing models for commodities derivatives. Your role will involve collaborating with traders and risk managers, utilizing advanced programming skills in C++ and Python, and contributing to the design of scalable analytics platforms. This position offers a unique opportunity to make a significant impact in the financial markets while working in a supportive and inclusive environment that values growth and development. If you're passionate about quantitative analysis and eager to drive results, this is the perfect opportunity for you.

Benefits

Health Insurance

401(k) Plan

Paid Time Off

Career Development Programs

Flexible Work Environment

Qualifications

• Advanced degree in Mathematics, Physics, Computer Science, or Financial Engineering.
• Experience in quantitative analytics or development in finance.

Responsibilities

• Develop and maintain pricing and risk models for commodities derivatives.
• Collaborate with traders and risk managers for high-performance analytics.

Skills

Quantitative Finance

C++ Programming

Python Programming

Derivatives Pricing

Volatility Modelling

Problem-Solving Skills

Communication Skills

Education

Master's Degree in Quantitative Discipline

PhD in Related Field

Tools

Source Code Control Systems

Continuous Integration Environments

Job description

Commodities Quantitative Analyst

New York, New York

**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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

**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.

We are seeking a talented and driven Quantitative Analyst to join our Commodities Quantitative Strategies and Data Group (QSDG). This mid-to-senior level role focuses on the design, implementation, and maintenance of cutting-edge derivative pricing models and volatility modelling tools used across our global commodities trading business. The ideal candidate will have a strong background in quantitative finance, robust software development skills in both C++ and Python, and prior experience working on derivatives pricing models — ideally within commodities, though experience in FX, equities, or other asset classes with complex volatility dynamics is also relevant.

**Key Responsibilities:**

+ Develop, implement, and maintain pricing and risk models for a wide range of commodities derivatives.

+ Contribute to the design and calibration of volatility surfaces and models.

+ Design and build scalable model pricing code and quantitative software platforms that support risk analytics and trading needs.

+ Work closely with traders, structurers, and risk managers to deliver high-performance analytics and model-driven tools.

+ Write high-quality production code in C++ and Python, and contribute to the ongoing modernization of the analytics infrastructure.

+ Write comprehensive model documentation to support internal governance and regulatory requirements.

+ Collaborate with model validation and risk control teams throughout the model approval lifecycle.

+ Support day-to-day analytics needs and participate in the continuous improvement of the platform.

**Qualifications** :

+ Advanced degree (MSc/PhD) in a quantitative discipline such as Mathematics, Physics, Computer Science, Financial Engineering, or related quantitative field.

+ Experience in a quantitative analytics or quantitative development role within a financial institution or a relevant industry.

+ Strong experience in pricing and modelling derivatives, preferably in commodities, but FX, equities, or other complex products also considered.

+ Solid knowledge of volatility modelling techniques and derivative pricing theory.

+ Proficiency in C++ and Python for numerical computing and model development.

+ Knowledge of working within a structured software development environment. Use of source code control systems, continuous integration environments, testing, release processes, etc.

+ Excellent problem-solving skills, attention to detail, and strong communication abilities.

+ Experience with model documentation and familiarity with model validation processes is a strong plus.

**Preferred Skills:**

+ Exposure to commodities markets (including, but not limited to energy, metals, ags, gas, power, index).

+ Familiarity with Monte Carlo methods, PDE solvers, and volatility calibration techniques.

**Minimum Education Requirement:** Master’s degree in related field or equivalent work experience

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notic...) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.