VP, Muni Quant Developer

Bank of America; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

Bank of America in New York seeks a quantitative analytics professional to design, build and maintain trading models and electronic systems for municipal bond markets. You will develop pricing, execution, risk management and monitoring tools in partnership with Trading and Technology teams.

Candidates should be proficient in Java and Python, comfortable with large data sets, and have a finance or quantitative background.

Qualifications

• Must design and build production trading systems with low latency
• Experience with pricing, risk management and trade lifecycle
• Strong programming in Java and Python; multi-threaded systems

Responsibilities

• Design, build and maintain quantitative models and electronic trading solutions for municipal bond market making.
• Develop monitoring, alerting and tooling for platform reliability and performance.
• Perform statistical analysis on large datasets and interpret results.
• Assist with production incidents, root-cause analysis and remediation.
• Collaborate with Trading and Technology teams to design trading models and pricing systems.

Skills

Trading systems design

Java & Python development

Quantitative modelling

Financial markets experience

Education

Bachelor’s/Master’s/ PhD in Mathematics, Statistics, Physics, Engineering or Computer Science

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.

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! 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 Technologyas 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