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Director, Senior Trader

BANK OF AMERICA SECURITIES INC.

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At a glance

Compensation
No compensation found
Location
NEW YORK, NY
Work Authorization
Not specified

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Requirements

Credentials this posting asks for.

Master's degree

Job overview

The Director, Senior Trader provides market pricing to bank clients across fixed income and foreign exchange products related to Latin American countries. The role manages transaction risk, executes trades within established strategies and risk parameters, and contributes to trading strategy formulation. It also prices large client trades, supports junior associates, and provides clients with market analysis and recommendations informed by local macroeconomic and political variables.

Skills & qualifications

RequiredNice to have

Skills

Interest Rate Derivatives PricingCross Currency Derivatives PricingSovereign Bond PricingInterest Rate HedgingForeign Exchange HedgingMacroeconomic AnalysisGeopolitical AnalysisTrading Strategy

Qualifications

Master's in Business Administration, Finance, Economics, or Related4 Years Related Finance Experience

Full job description

DUTIES: Provide competitive market prices for the banks clients, both local and domestic, in a number of fixed income and foreign exchange products related to Latin American countries. Proactively manage the risk arising from client transactions in the market. Work independently and be responsible for risk management and trading activities. Help execute transactions in accordance with established trading strategies and risk parameters. Apply knowledge of product area including market liquidity and volatility, pricing, and trading/hedging strategies. Perform pricing of large incoming client trades from a funding perspective. Contribute to the formulation of strategies. Provide technical and product support to more junior associates. Provide clients with market color, analyzing local macroeconomic and political variables.REQUIREMENTS: Master's degree or equivalent in Business Administration, Finance, Economics, or related: and 4 years of experience in the job offered or a related Finance occupation. Must include 4 years of experience in each of the following: Performing and reviewing pricing of all related interest rate and cross currency derivatives involving local rates and indexes for several Latin American countries, including Chile and Colombia; Assessing and providing pricing for local currency sovereign bonds for Latin American countries, for real money clients both offshore and domestic; Reviewing and hedging the interest rate and foreign exchange exposure arising from client risk taking/hedging activity to capture the profits associated with these activities; Interpreting macro economical and geopolitical events and their consequences to financial markets, in particular interest rate curves to give clients appropriate recommendations for hedging / risk taking; and Proposing trading strategies to clients, to implement in the Latin American interest rate space for them to trade with and expand their business franchise. Req# 26015000. If interested apply online at www.bankofamerica.com/careers or email your resume to [email protected] & reference the job title of the role & requisition number. No phone calls. EOE.

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