Vice President; Trader

Company	Bank of America
Location	New York, NY, USA
Salary	$225000 – $235000
Type	Full-Time
Degrees	Bachelor’s, Master’s
Experience Level	Senior

Requirements

Master’s degree or equivalent in Computational Finance, Economics, Business Administration, Finance or related
3 years of experience in the job offered or a related Finance occupation
3 years of experience in utilizing statistical analysis of multiple data sets to provide forward estimates for crude and refined oil products balances incorporating inter-regional flows
3 years of experience in tracking and forecasting daily fundamental drivers of oil markets and calculating locational arbitrages of oil to generate trade ideas for risk deployment
3 years of experience in using Python programming to monitor price patterns, evaluate basis and crack risks, predict likely price action following events, and conduct scenario-based market event analysis to anatomize price shocks
3 years of experience in moving desk tasks from Excel to Python to scrub price and inventory data for anomalies and optimization of internal database management
3 years of experience in transferring Excel based balances to programming based balances to improve market analysis of forward supply/demand balances in the oil balance
In the alternative, the employer will accept a Bachelor’s degree and 5 years of progressively responsible experience.

Responsibilities

Responsible for risk management and trading activities with limited direction from more senior staff
Work closely with sales across varying time zones to get the ‘right price’ to the ‘right client’ given risk tolerance and balance sheet constraints
Conduct profit and loss and risk reconciliation
Market-make linear and non-linear derivatives across the main oil indices for the bank’s corporate and institutional clients
Manage workflow from front to back, including quotes, hedges, trades and downstream processes to minimize operational risks while optimizing market risk
Manage market risk, liquidity risk and delivery risk and support broader trading desk
Understand, build and maintain a Supply and Demand model for crude and refined oil products
Build BofA Commodities franchise and grow our market share by supporting the sales team with competitive pricing, analysis and market color
Price and hedge vanilla options
Understand technicalities in derivatives mechanics and risk management and the implications of events on the entire trading desk, anticipate market outcomes
Understand market drivers and be able to clearly communicate these to sales colleagues and clients
Leverage technology and analytics to drive pricing/hedging as well as idea generation
Utilize statistical analysis of multiple data sets to provide forward estimates for crude and refined oil products balances incorporating inter-regional flows
Track and forecast daily fundamental drivers of oil markets and calculate locational arbitrages of oil to generate trade ideas for risk deployment
Use Python programming to monitor price patterns, evaluate basis and crack risks, predict likely price action following events, and conduct scenario-based market event analysis to anatomize price shocks
Move desk tasks from Excel to Python to scrub price and inventory data for anomalies and optimization of internal database management
Transfer Excel based balances to programming based balances to improve market analysis of forward supply/demand balances in the oil balance.

Preferred Qualifications

No preferred qualifications provided.