VP, Muni Quant Developer

Bank of America; New York (NY); On-site; USD 100,000 - 225,000; Full time

Job summary

Bank of America in New York is seeking a quantitative analytics professional to design, build and maintain production trading models and electronic trading solutions for municipal bond market making, pricing, execution, inventory management and risk management.

You will implement robust monitoring, testing and tooling; work with the Muni business and Technology teams to advance pricing, risk management and auto-execution capabilities.

Qualifications

• Experience designing and building production trading systems.
• Strong Java and Python development skills.
• Quantitative background in mathematics, statistics, physics, or engineering.
• Experience with financial markets and risk management.
• Experience with large datasets and data analysis.

Responsibilities

• Design, build and maintain quantitative models and electronic trading solutions for municipal bonds.
• Develop monitoring, alerting and tooling for platform reliability.
• Perform unit, integration and performance testing.
• Support production incidents and root-cause analysis.
• Analyze large datasets and interpret results using quantitative methods.
• Collaborate with Trading and Technology teams to advance pricing and automated execution.

Skills

Quantitative analytics

Java

Python

Distributed low latency systems

Financial markets experience

Quantitative modelling

Large datasets

Education

Bachelor's or Master’s/PhD in quantitative field

Tools

Google Guice

Spring

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!

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 Technology as 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 informationPay range$100,000.00 - $225,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.