Job details

VP, Trader - Short Term Fixed Income

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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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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 managing risk and developing trading activities with limited direction from senior staff. Key responsibilities include proactively maintaining and building client relationships, supporting clients with buying and selling financial products, and developing and implementing trading strategies to achieve revenue goals. Job expectations include having in-depth knowledge of risk management, hedging, and trading strategies as well as market characteristics.

The Short Term Fixed Income Trading team, within Bank of America Short End Trading, provides liquidity to issuers and investors in short maturity credit products. Traders within the team are responsible for market making and executing a range of trades across short term fixed income products. The Short Term Fixed Income Trading team is responsible for liaising with sales and syndicate in order to grow market share and trading footprint with the relevant issuers and investors in the space.

Responsibilities:

Partners with global sales teams to help the bank's clients execute trading activities, while sharing knowledge of the current market environment
Performs trading activities in compliance with federal regulations, industry standards, and other requirements
Assigns accounts to pre-defined trading models and administers trades based on product guidelines
Operates as a market maker, buying and selling financial instruments in accordance with established trading strategies and risk parameters

Short Term Fixed Income Market Specialist
Candidate will need to be well versed in all Short End trading instruments as these are tools used to enhance the revenue of the traditional trading books.
In addition to primary market making in credit products, candidate will provide support to the overall SET trading business.
Candidate will engage frequently with our most strategic clients to discuss markets and strengthen relationships.
Candidate will be actively engaged in Short End Trading technology developments.

Qualifications

Excellent leadership and communication skills
Prior experience in short term fixed income markets
Interest in both macro and micro/front end fixed income markets

Shift:

1st shift (United States of America)

Hours Per Week:

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$200,000.00 - $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.

Average salary estimate

$212500 / YEARLY (est.)

min

max

$200000K

$225000K

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What You Should Know About VP, Trader - Short Term Fixed Income, GHR

At Bank of America, we’re excited to invite an exceptional individual to join our team as a VP, Trader - Short Term Fixed Income in New York. This role is pivotal as it involves managing risk and developing trading activities under limited direction from senior staff. As part of the Short Term Fixed Income Trading team, you’ll be at the forefront of helping clients buy and sell financial products while implementing cutting-edge trading strategies that align with revenue goals. It’s all about building and maintaining strong client relationships, and you’ll do just that while keeping a pulse on macro and micro/front end fixed income markets. With a deep understanding of risk management, hedging, along with short term trading instruments, you’ll act as a market maker, executing trades and ensuring compliance with federal regulations and industry standards. Collaborating with global sales teams, you’ll share insights into the current market environment, optimizing trading activities. This position is not just about numbers; it’s about engaging with strategic clients, enhancing their financial lives, and making meaningful contributions to the team and community. If you're looking to grow your career in an inclusive, diverse environment where your contributions truly matter, then this could be your next adventure at Bank of America.

Frequently Asked Questions (FAQs) for VP, Trader - Short Term Fixed Income Role at GHR

What are the responsibilities of the VP, Trader - Short Term Fixed Income at Bank of America?

The VP, Trader - Short Term Fixed Income at Bank of America is responsible for managing risk and developing trading activities. Key responsibilities include maintaining and nurturing client relationships, executing trades on short term fixed income products, and implementing strategic trading initiatives to meet revenue goals. Additionally, the trader needs to ensure compliance with federal regulations and collaborate effectively with global sales teams.