Associate, Asset Optimization Group Trader, Global Equities, Hong Kong

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!

Job Description:
The Asset Optimization Group (AOG) manages Financial Resources across the Equity Division. AOG finances all long inventory across each individual Trading Desk, interacts with Treasury and Liquidity Risk to manage entity level liquidity requirements and works with support partners across the Firm to control and review Financial Resources utilization. AOG also works with clients to structure transactions to manage the Firm’s Financial Resources.

This is a trading role within Asset Optimization Group (AOG), responsible for daily analysis and optimization of Financial Resources. The candidate will assist in analyzing the financing book and its usage of financial resources, work with sales and clients to optimize portfolio composition and define trades to increase profitability across the Equities Financing business. 

Role Description:

• Daily review of funding books and relevant efficiency metrics across balance sheet, liquidity and capital
• Daily review of efficiencies (e.g. allocations) and trading opportunities across the financing book with particular focus on portfolio composition and legal entity strategy
• Daily review of life cycle events for outstanding APAC trades
• Focus on financing book revenues. Work with Client to maximise opportunities across currency and rates

• Review and coordinate bespoke funding transactions with Clients

• Work with clients to improve efficiencies across the financing book
• Assist in the production of reports and data analysis for the desk
• Interact with clients and help further relationships across the franchise
• Detailed understanding of trading rules and practices to proactively consider liquidity, balance sheet and capital constraints when managing the book
• Work closely with other desks in driving the optimization agenda for the Firm

Requirements:

• Knowledge of financing products including repos, stock borrows and equity swaps; their uses, the markets they trade in and inputs for pricing
• Understanding of market dynamics and ability to discuss and provide trading color / impact analysis as conditions change
• Work experience in a trading/sales environment
• Ability to identify issues, evaluate data and generate ideas
• Strong interpersonal communication skills to help build and maintain effective working relationships with colleagues, support partners and clients
• Excellent knowledge of Microsoft Excel, Powerpoint
• Python/VBA knowledge preferred