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Explore Location
Bank of America
New York, New York, United States
(on-site)
Posted
18 days ago
Bank of America
New York, New York, United States
(on-site)
Job Type
Full-Time
Job Function
Analytics
VP, Equity Quant - Prime Financing
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
VP, Equity Quant - Prime Financing
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Description
Job Description:The Quantitative Strategies Group is seeking a talented Quantitative Strategist to join our team in New York, supporting the Equity Prime Financing business. This role offers the opportunity to work in a fast-paced, dynamic environment, partnering with traders to optimize balance sheet usage, enhance inventory management, and develop advanced risk and pricing analytics.
As a VP, you will take ownership of key projects, drive innovation in trading infrastructure, and deliver solutions that directly impact profitability. This is a highly technical role requiring strong programming skills, quantitative modeling expertise, and a deep understanding of equity financing business.
Key Responsibilities
- Strategic Analytics: Partner with traders to design and implement analytics for pricing, risk, and optimization models across delta-one and financing products.
- Data Analysis: Build datasets and perform large-scale data analysis to identify trends, inefficiencies, and opportunities in equity financing markets.
- Tool/API Building: Develop P&L attribution, client profitability, and performance dashboards and various trading workflow tool. Create libraries and APIs to empower quantitative traders.
- Risk Reporting: Create and maintain risk management reports and monitoring tools for trading oversight.
- Cross-Functional Collaboration: Work closely with Technology, Finance, Risk Management and Trading teams to deliver scalable, high-impact solutions.
Qualifications
- Advanced degree (MSc or PhD) in Finance, Economics, Computer Science, Applied Mathematics, Physics, Engineering, or Statistics.
- Strong programming skills in Python, C++, or KDB/Q; Experience with relational and column-based databases.
- Solid understanding of financial mathematics, derivatives, and prime brokerage/financing products.
- Knowledge with machine learning and emerging techniques such as LLM.
- Excellent communication skills; ability to present complex concepts clearly to stakeholders.
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
$130,000.00 - $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.
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.
Job ID: 82600825
Please refer to the company's website or job descriptions to learn more about them.
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