VP, Muni Quant Developer

National Black MBA Association; 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 own the design, development and deployment of production trading models and electronic trading solutions for the municipal bond market, applying large-scale data analysis and robust testing.

Based in New York, you will collaborate with Trading and Technology to ensure low-latency, high-availability systems and effective risk management, with opportunities for career growth and a generous compensation package.

Qualifications

• Production trading systems design and development experience.
• Strong Java and Python development with multi-threading.
• Quantitative modelling and large datasets experience.
• Financial markets knowledge.

Responsibilities

• Design, build and maintain quantitative models and electronic trading solutions for muni market.
• Develop monitoring and tooling for platform reliability.
• Execute testing strategies: unit, integration, regression.
• Support production incidents and perform root-cause analysis.
• Collaborate with Trading and Technology to build trading models and systems.

Skills

Trading systems

Java

Python

Quantitative analysis

Financial markets

Education

Quantitative degree (MS/PhD)

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 information

Pay range$100,000.00 - $225,000.00 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.

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.