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:
Competencies required include electronic trading platform, algorithm design and deployment, venue and exchange management, quant research, analytics, governance with a Bachelors degree, & 5-10+ years related experience.
The eTrading and Platform Group is looking for an individual to take responsibility to manage product and platform priorities for the Futures & Options eTrading business.
The role will focus on eTrading workflows, applications and priorities of the eSales & Trading desks. This will require the candidate to become deeply familiar with the end-to-end lifecycle of products and trade flows across front line business units; including Futures, Options, Cash eTrading desks. This requires a deep understanding of markets, clients, liquidity and products. The role requires in depth experience of low latency, high resiliency product design and operation. The successful candidate will be a core subject matter expert and a critical pillar in driving growth of a major trading franchise.
Role:
Define Product strategy in close collaboration with electronic trading groups, desks, quants and platform leadership Define detailed design requirements in conjunction with critical support partners. e.g. Technology, Sales & Trading, Compliance, Legal, Operations, Risk Management, etc.Manage and govern key Equities & Global Markets investment initiativesDrive detailed analysis of priority products, clients and markets to establish product baselines, peer insights and commercial opportunitiesEstablish coherent, well defined business cases and work with management to pitch investment opportunitiesBe an active participant in discussions and influence decisions around the end to end trading lifecycle and the strategic equities architectureWork closely with Technology and Product partners to maintain oversight of our investments, progress and regulatory obligationsResponsibilities
Own and drive Product strategy for Futures & Options execution;Define and document business opportunities and pitch investment casesDocument requirements and ensure product delivery aligns to user requirementsMeasure product baselines and define KPIs and target metrics with Sales and TradingExplore industry, client and competitor trends to ensure product remains relevant and forward lookingEnsure the ongoing delivery of critical equities product as follows:Robust governance and management of core investments and prioritiesWork and collaborate with tech, quant and Support partnersInfluence and shape future investment and design decisions in conjunction with Equities management and business leadsHelp grow the teams capabilities and generate revenueQualifications:
Expertise in electronic trading, market & client connectivity, algorithm design, best execution, governance, capacity Experience with building quality platform for large and advanced eTrading clients (quants, hedge funds, institutions, banks and BDs) along with effectively managing and interfacing with liquidity partners Excellent communication skills to work with sales, trading, product, technology, and support partners globallyStrong team work and ability to collaborate with othersExcellent problem solver with an ability to work independently and comfortable working in a fluid environment with shifting prioritiesPrior experience of Futures & Options products and trading strategiesHighly motivated and strong desire to learn business and new technologiesBachelors degree requiredDesired Qualifications:
Experience with algorithm design and developmentOperational skills in running a large eTrading business at scaleSome coding/scripting/analytics experience (with knowledge of best practices) in Java/Python preferredProject Management certifications/ExperienceShift:
1st shift (United States of America)Hours Per Week:
40