Quantitative Services Manager - Global Markets Shared Operations
Charlotte, North Carolina;Jersey City, New Jersey
**Job Description:**
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.
Job Description
This role will be part of the Quantitative Services team within Global Markets Shared Operations (GMSO). As part of the Collateral Optimization initiative, the Quantitative Services team is responsible for developing overall framework for supporting effective collateral optimization and reporting.
The scope of work as part of this initiative includes:
+ Leading development of Collateral Optimization Data (CODA) infrastructure which is the backbone for providing consolidated collateral data in consumable format for effective collateral management and optimization.
+ Support a multiyear, multimillion dollar Trade Product Collateral (TPC) program to bring greater transparency and optimization of inventory and funding requirements across all desks.
Responsibilities
+ Support infrastructure design and development for effective collateral management, including strategy on data sourcing, data transformation and visualization.
+ Handle ad-hoc requests from CTO and Corporate Treasury desks on data query, P&L & Risk reporting.
+ Leverage strong quantitative and programming skills to drive development of collateral optimization methodology.
+ Engage in the development, maintenance and enhancement of the Collateral Optimization Data (CODA).
+ Collaborate, develop and foster a positive relationship with various TO & Corp Treasury desk, Finance, Collateral Operations, Quants partners and stakeholders to define project deliverables and drive execution.
+ Propose creative solutions to meet technical and business requirements.
+ Provide concise and crisp status updates to senior management on projects.
**Required Skills:** (Must have these skills to be minimally qualified)
+ At least 4 (four) years of experience in financial markets
+ Hands on experience with Python, SQL and VBA.
+ Strong analytical and problem solving skills with the ability to interpret large amounts of information and conceptualize the impact across operational processes.
+ Self-starter individual who can solve complex problems, provide guidance, drive prioritization and adopt strategic vision.
+ Strong communication and stakeholder management skills.
+ Able to deliver independently but also collaborate and deliver as one team.
+ Understands financial products across all asset classes in global markets and has extensive knowledge or experience with Fixed Income and Credit derivatives products.
+ Knowledge and understanding of securities collateral and treasury management activities
**Desired Skills:**
+ Advanced degree in financial mathematics, financial engineering, statistics, economics or other quantitative discipline.
**Other Qualifications:**
+ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
+ Excels in working among diverse viewpoints to determine the best path forward.
+ Experience in connecting with a diverse set of clients to understand future business needs is a continuous learner.
+ Commitment to challenging the status quo and promoting positive change.
+ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
+ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
_Enterprise Role Overview:_
_Manage a team of quantitative professionals to deliver on various projects. Serve as the key QS lead on various high profile projects. Expected to communicate effectively with senior management across functional teams. Effectively manage junior analysts to produce high quality deliverables from the team across projects. Must be able to understand the details of the various projects under the team and communicate updates effectively. Has extensive professional and managerial experience through progressive career growth in the financial industry. Key Responsibilities include: Provide daily direction to team to deliver on various projects related to expertise in process design, tool development or methodology validation; Key responsibility for the design and roll out analytical and technical tools for validations of new models/methodology; Provides guidance and mentoring to direct reports by effectively managing team and resources; Must have a solid understanding of financial products and their implementation within the banks risk and pricing infrastructure; and Understands financial products across all asset classes and has extensive knowledge of technical implementations. Posses advanced degree in physic, applied mathematics, statistics/probability or another heavy quantitative discipline._
**Job Band:**
H5
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
0
**Job Description:**
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market.
Job Description
This role will be part of the Quantitative Services team within Global Markets Shared Operations (GMSO). As part of the Collateral Optimization initiative, the Quantitative Services team is responsible for developing overall framework for supporting effective collateral optimization and reporting.
The scope of work as part of this initiative includes:
+ Leading development of Collateral Optimization Data (CODA) infrastructure which is the backbone for providing consolidated collateral data in consumable format for effective collateral management and optimization.
+ Support a multiyear, multimillion dollar Trade Product Collateral (TPC) program to bring greater transparency and optimization of inventory and funding requirements across all desks.
Responsibilities
+ Support infrastructure design and development for effective collateral management, including strategy on data sourcing, data transformation and visualization.
+ Handle ad-hoc requests from CTO and Corporate Treasury desks on data query, P&L & Risk reporting.
+ Leverage strong quantitative and programming skills to drive development of collateral optimization methodology.
+ Engage in the development, maintenance and enhancement of the Collateral Optimization Data (CODA).
+ Collaborate, develop and foster a positive relationship with various TO & Corp Treasury desk, Finance, Collateral Operations, Quants partners and stakeholders to define project deliverables and drive execution.
+ Propose creative solutions to meet technical and business requirements.
+ Provide concise and crisp status updates to senior management on projects.
**Required Skills:** (Must have these skills to be minimally qualified)
+ At least 4 (four) years of experience in financial markets
+ Hands on experience with Python, SQL and VBA.
+ Strong analytical and problem solving skills with the ability to interpret large amounts of information and conceptualize the impact across operational processes.
+ Self-starter individual who can solve complex problems, provide guidance, drive prioritization and adopt strategic vision.
+ Strong communication and stakeholder management skills.
+ Able to deliver independently but also collaborate and deliver as one team.
+ Understands financial products across all asset classes in global markets and has extensive knowledge or experience with Fixed Income and Credit derivatives products.
+ Knowledge and understanding of securities collateral and treasury management activities
**Desired Skills:**
+ Advanced degree in financial mathematics, financial engineering, statistics, economics or other quantitative discipline.
**Other Qualifications:**
+ Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.
+ Excels in working among diverse viewpoints to determine the best path forward.
+ Experience in connecting with a diverse set of clients to understand future business needs is a continuous learner.
+ Commitment to challenging the status quo and promoting positive change.
+ Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.
+ Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
_Enterprise Role Overview:_
_Manage a team of quantitative professionals to deliver on various projects. Serve as the key QS lead on various high profile projects. Expected to communicate effectively with senior management across functional teams. Effectively manage junior analysts to produce high quality deliverables from the team across projects. Must be able to understand the details of the various projects under the team and communicate updates effectively. Has extensive professional and managerial experience through progressive career growth in the financial industry. Key Responsibilities include: Provide daily direction to team to deliver on various projects related to expertise in process design, tool development or methodology validation; Key responsibility for the design and roll out analytical and technical tools for validations of new models/methodology; Provides guidance and mentoring to direct reports by effectively managing team and resources; Must have a solid understanding of financial products and their implementation within the banks risk and pricing infrastructure; and Understands financial products across all asset classes and has extensive knowledge of technical implementations. Posses advanced degree in physic, applied mathematics, statistics/probability or another heavy quantitative discipline._
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22052208
Band: H5
Manages People: No
Travel: No
Manager:
Talent Acquisition Contact:
Viviana Renshaw
Referral Bonus:
0
Jersey City pay and benefits information
**Jersey City pay range:**
$95,000 - $145,000
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, 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.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .
