Associate, FRG Trader

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Associate, FRG Trader

Global Markets is Bank of America's diversified markets business, delivering a broad range of solutions across regions and asset classes. The business provides market-making, financing, risk management, securities clearing and settlement capabilities across fixed income, currencies, commodities, and equities, supported by leading sales and trading platforms and deep market expertise.

Closely aligned with Global Corporate & Investment Banking, Wealth Management, and other client-facing businesses, Global Markets delivers liquidity, hedging strategies, financing solutions, analytics, and market insights to institutional investors, corporations, governments, and financial institutions worldwide.

Global Prime Financing is part of the Global Markets franchise and provides institutional clients with market access, clearing, custody, securities lending, client service, and data-driven market insights. The platform serves hedge funds, asset managers, and other institutional investors across more than 65 markets through 11 global offices, supporting clients with secured financing solutions and access to Bank of America's broader research, analytics, and cross-asset expertise.

The Financial Resources Group (FRG) sits within the Prime Financing business and focuses on portfolio financing across cash, swap, and prime brokerage activities. The team partners closely with Trading, Sales, Account Management, Platform, Risk, and other financing teams to price equity financing portfolios, implement optimization strategies, and develop analytics that support client decision-making and franchise revenue growth.

As Prime Financing continues to expand across swap and prime brokerage solutions, FRG plays a critical role in optimizing financial resources, including capital, liquidity, and balance sheet utilization. The team combines client engagement, portfolio analytics, and cross-functional collaboration to deliver scalable financing solutions, improve resource efficiency, and support sustainable business growth.

Responsibilities

• Drive business profitability through the development and utilization of Prime Financing trading applications, AI tools, portfolio positioning strategies, and large-scale data analysis.
• Price new and existing portfolio financing business across both cash and synthetic financing products.
• Support the delivery and optimization of financial resource operating expenses through enhanced analytics, reporting, and AI-driven content expansion.
• Partner closely with Trading, Sales, Account Management, Platform, Risk, and other Global Financing teams to ensure alignment on business objectives and client support.
• Forecast business growth, resource requirements, and financial resource utilization.
• Collaborate with Quantitative Strategies Group (QSG) and Technology partners to develop liquidity scenario analysis and "what-if" modeling tools.
• Identify opportunities to optimize capital, liquidity, and balance sheet efficiency across client portfolios.
• Develop analytics and reporting solutions that support strategic decision-making and franchise growth initiatives.

Required Qualifications

• 2 to 5 years of experience within Global Markets, Prime Brokerage, Financing, Equity Derivatives, Securities Financing, or a related field.
• Strong analytical and problem-solving skills with the ability to work with large and complex datasets.
• Advanced Microsoft Excel skills.
• Hands-on experience with Python, Dash, and SQL.
• Demonstrated ability to partner effectively across trading, sales, risk, and technology organizations.
• Strong communication and stakeholder management skills.
• Ability to thrive in a fast-paced, team-oriented environment.

Desired Qualifications

• Experience with portfolio financing, equity financing, prime brokerage, or synthetic financing products.
• Knowledge of capital, liquidity, balance sheet, and resource optimization concepts.
• Experience developing business intelligence, analytics, or AI-enabled solutions for front office or financing businesses.
• Understanding of market structure and institutional client financing needs.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

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

Pay and benefits information

Pay range

$130,000.00 - $175,000.00 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.