VP, Cross Asset Quant Developer

Bank of America; New York (NY); On-site; USD 200,000 - 225,000; Full time

Benefits offered by this job

Paid time off

Comprehensive benefits package

Job summary

Bank of America is seeking a candidate for their Quantitative Analytics role located on the trading floor in New York. The position involves conducting quantitative analytics and modeling projects, with responsibilities ranging from writing Python code to optimizing existing market model code used for risk and PnL calculations.

The ideal candidate will possess strong programming skills, ideally with a Master's degree in a relevant field, alongside analytical and communication skills. The role comes with a competitive salary range of $200,000 – $225,000 and eligibility for additional benefits.

Qualifications

• Strong programming skills and comfort working across multiple programming languages and paradigms.
• Experience writing a scripting language or clear understanding of how to build one.
• Strong mathematical abilities with an interest in applying mathematical techniques to data analysis.
• Strong communication skills.

Responsibilities

• Assist Cross Assets Strats team in the Strategic Risk and PnL project to refactor and redesign market model code.
• Write and debug Python code running within Quartz, the in‑house bank platform.
• Learn about and debug existing market model code simplifying and optimizing for greater efficiency.
• Contribute to code quality and performance improvements.

Skills

Programming skills

Scripting language knowledge

Functional programming concepts

Mathematical abilities

Financial and quantitative knowledge

Proficiency in Python

Proficiency in C++

Proficiency in Java

Proficiency in Lisp

Analytical skills

Communication skills

Education

Bachelor’s or Master’s degree in Computer Science, Mathematics, Finance

Job description

Job Overview

Responsible for conducting quantitative analytics and modeling projects for specific business units or risk types, developing new models, analytic processes, or systems approaches, creating technical documentation, and working with Technology staff in system design.

Position located on the trading floor in New York, working outside the traditional IT organization.

Responsibilities

• Assist Cross Assets Strats team in the Strategic Risk and PnL project to refactor and redesign market model code.
• Write and debug Python code running within Quartz, the in‑house bank platform.
• Learn about and debug existing market model code used for calculating risk and PnL, simplifying and optimizing for greater efficiency.
• Contribute to code quality and performance improvements.

Qualifications and Requirements

1. Strong programming skills and comfort working across multiple programming languages and paradigms.
2. Experience writing a scripting language or clear understanding of how to build one.
3. Appreciation for functional programming concepts and ability to design algorithms in a functional style.
4. Strong mathematical abilities with an interest in applying mathematical techniques to data analysis.
5. Existing financial and quantitative knowledge, with a desire to deepen expertise.
6. Proficiency in Python, C++, Java, Lisp, or similar programming languages.
7. Excellent analytical and problem‑solving skills.
8. Strong communication skills.
9. Bachelor’s or Master’s degree in Computer Science, Mathematics, Finance, or equivalent work experience.
10. Minimum Education Requirement: Master’s degree in related field or equivalent work experience.

Salary and Benefits

Annualized salary range: $200,000.00 – $225,000.00, based on experience, education, and skill set. Discretionary incentive eligible; employees may receive an annual discretionary award based on performance.

Benefits: Eligible for the company’s benefits package, including paid time off, and other resources supporting physical, emotional, and financial well‑being.

Location and Schedule

United States of America – New York, ONE BRYANT PARK – BANK OF AMERICA TOWER (NY1100). Shift: 1st shift. Hours per week: 40.