What are the responsibilities and job description for the VP, Trader - Short Term Fixed Income position at Bank of America?
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:
40
