US Credit Solutions Trading – Structured Credit Trader

Bank of America; New York (NY); On-site; USD 200,000 - 300,000; Full time

Benefits offered by this job

Discretionary incentive eligible

Benefits eligible

Job summary

Bank of America, based in New York, seeks a Structured Credit Trader for the US Credit Solutions Trading team. You will trade TRS on bond baskets, manage funding and delta risk, and collaborate with Sales and Portfolio Trading to grow credit derivative offerings.

Ideal candidates are VP/Director level with OTC credit derivatives experience, strong credit market knowledge, and a proactive, collaborative approach to risk management and tool usage. In-office role with full-time hours.

Qualifications

• VP/Director level trader with OTC credit derivatives experience.
• Strong understanding of corporate credit markets and credit financing.
• Ability to quickly learn the firm’s execution and risk management tools.
• Strong analytical, communication, and problem-solving skills.
• Proactive, collaborative, and intellectually curious.

Responsibilities

• Make markets and trade total return swaps (TRS) on US investment grade and high yield bond baskets.
• Manage funding and delta risk for TRS on Bond Baskets.
• Partner with Portfolio Trading and QSDG to optimize baskets.
• Negotiate swap documentation and manage lifecycle events.
• Work closely with Sales and Portfolio Trading to market capabilities.
• Support the development and growth of new credit derivative products.

Skills

OTC credit derivatives

Corporate credit markets

Risk management tools

Analytical skills

Communication skills

Problem-solving

Collaborative mindset

Job description

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

US Credit Solutions Trading – Structured Credit Trader

The US Credit Solutions Trading team is seeking a Structured Credit Trader to join its New York-based business. The role will focus on trading Total Return Swaps (TRS) on Bond Baskets, and support the continued growth of the franchise and development of new credit derivative products.

Key Responsibilities:

• Make markets and trade total return swaps (TRS) on US investment grade and high yield bond baskets
• Manage funding and delta risk for TRS on Bond Baskets
• Partner with Portfolio Trading and QSDG to optimize baskets
• Negotiate swap documentation and manage lifecycle events
• Work closely with Sales and Portfolio Trading to market capabilities
• Support the development and growth of new credit derivative products

The candidate should have the following qualifications:

• Vice President/Director level trader with experience executing OTC credit derivatives
• Strong understanding of corporate credit markets and credit financing
• Ability to quickly learn the firm’s execution and risk management tools
• Strong analytical, communication, and problem-solving skills
• Proactive, collaborative, and intellectually curious

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 range

$200,000.00 - $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.