VP/DIR, Futures & Options Electronic Product Expert

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

Job summary

An established industry player is seeking a skilled professional to manage product and platform priorities for their Futures & Options eTrading business. This role involves defining product strategies, collaborating with electronic trading groups, and ensuring alignment with user requirements. The ideal candidate will have extensive experience in electronic trading, algorithm design, and a strong understanding of market dynamics. Join a dynamic team that values diversity, innovation, and the drive for excellence, while contributing to impactful financial solutions that enhance client experiences and foster growth in the industry.

Benefits

Industry-leading benefits

Paid time off

Discretionary incentive eligibility

Resources and support for employees

Qualifications

• 5-10+ years of experience in electronic trading and algorithm design.
• Strong understanding of Futures, Options, and Cash eTrading desks.

Responsibilities

• Own and drive Product strategy for Futures & Options execution.
• Define business opportunities and document requirements.

Skills

Electronic Trading

Algorithm Design

Market & Client Connectivity

Excellent Communication

Problem Solving

Team Collaboration

Futures & Options Trading

Project Management

Education

Bachelor's Degree

Tools

Java

Python

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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and 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:

Competencies required include electronic trading platform, algorithm design and deployment, venue and exchange management, quant research, analytics, governance with a Bachelor's degree, & 5-10+ years related experience.

The eTrading and Platform Group is looking for an individual to take responsibility to manage product and platform priorities for the Futures & Options eTrading business.

The role will focus on eTrading workflows, applications, and priorities of the eSales & Trading desks. This will require the candidate to become deeply familiar with the end-to-end lifecycle of products and trade flows across front line business units, including Futures, Options, and Cash eTrading desks. This requires a deep understanding of markets, clients, liquidity, and products. The role requires in-depth experience of low latency, high resiliency product design and operation. The successful candidate will be a core subject matter expert and a critical pillar in driving growth of a major trading franchise.

Role:

• Define Product strategy in close collaboration with electronic trading groups, desks, quants, and platform leadership.
• Define detailed design requirements in conjunction with critical support partners, e.g., Technology, Sales & Trading, Compliance, Legal, Operations, Risk Management, etc.
• Manage and govern key Equities & Global Markets investment initiatives.
• Drive detailed analysis of priority products, clients, and markets to establish product baselines, peer insights, and commercial opportunities.
• Establish coherent, well-defined business cases and work with management to pitch investment opportunities.
• Be an active participant in discussions and influence decisions around the end-to-end trading lifecycle and the strategic equities architecture.

Responsibilities:

• Own and drive Product strategy for Futures & Options execution.
• Define and document business opportunities and pitch investment cases.
• Document requirements and ensure product delivery aligns to user requirements.
• Measure product baselines and define KPIs and target metrics with Sales and Trading.
• Explore industry, client, and competitor trends to ensure product remains relevant and forward-looking.
• Ensure the ongoing delivery of critical equities product as follows:
• Robust governance and management of core investments and priorities.
• Work and collaborate with tech, quant, and Support partners.
• Influence and shape future investment and design decisions in conjunction with Equities management and business leads.
• Help grow the team's capabilities and generate revenue.

Qualifications:

• Expertise in electronic trading, market & client connectivity, algorithm design, best execution, governance, capacity.
• Experience with building quality platform for large and advanced eTrading clients (quants, hedge funds, institutions, banks, and BDs) along with effectively managing and interfacing with liquidity partners.
• Excellent communication skills to work with sales, trading, product, technology, and support partners globally.
• Strong teamwork and ability to collaborate with others.
• Excellent problem solver with an ability to work independently and comfortable working in a fluid environment with shifting priorities.
• Prior experience of Futures & Options products and trading strategies.
• Highly motivated and strong desire to learn business and new technologies.
• Bachelor's degree required.

Desired Qualifications:

• Experience with algorithm design and development.
• Operational skills in running a large eTrading business at scale.
• Some coding/scripting/analytics experience (with knowledge of best practices) in Java/Python preferred.
• Project Management certifications/Experience.

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 $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.