Job Description:

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview*

Knowledge Service Center (KSC) supports global businesses of the Bank with solutions requiring judgment application, sound business understanding and analytical perspective. The domain experience in the areas of Financial Research & Analysis, Quantitative Modeling, Risk Management and Prospecting Support provide solutions for revenue enhancement, risk mitigation and cost optimization. The division comprising of highly qualified associates operates from three locations i.e, Mumbai, Gurgaon & Hyderabad.

Job Description*

The Electronic Trading India team extends the Global Electronic Trading Quants. The team assists in analyzing and recommending trade strategies, model refinement and generation of monthly research reports of various kinds that aid the trading desk.

Responsibilities*

Primary tasks will include:

• Design and development of tech. platform and frontend for Electronic Trading Framework
• Quant research database management – data mining and analysis – building and maintaining web interface

Additional tasks will include:

• Trading Cost Analysis (TCA) – analyze client performance of strategies Vs benchmark performance and model prediction
• Report Generation – Maintain and enhance current periodic market microstructure reports, test and implement ideas to either improve or create new reports
• Model Refinement and Validation
• Back Testing Trading Strategies
• Trade Idea generation/ Provide bespoke Client Solutions
• Trading Portfolio Optimization
• Analysis of trends in market turnover (volume) at primary, alternative and dark venues
• Attend to ad-hoc/bespoke quant requests from clients

Requirements*

• Education*
  • Bachelors or Masters in a quantitative / technical discipline with background in programming
• Certifications If Any

NA

• Experience Range*
  • 3 – 4 years of experience

• Desired skills*
• Development experience in Q/KDB
• Programming in python
• Speaking / presentation skills in a professional setting
• Exposure to web services technologies
• Comfortable working in the linux/unix environment

• Foundational skills*
• Programming proficiency in Java, JavaScript esp. for web development
• Experience in SQL
• Good Quantitative skills. Knowledge of following is preferred:
  • Time series Analysis
  • Probability theory
  • Market Microstructure
  • Trading strategies
• Strong spreadsheet skills (MS-Excel)
• Excellent numerical and analytical skills
• Attention to details and accuracy a must
• Demonstrate ownership of task, responsibility of deliverables
• Willingness to learn
• Strong work ethic
• Strong Written and Oral Communication
• Team player

Work Timings*

9 am to 6 pm

Job Location*

Mumbai