Associate – US Equity Derivatives Strategist

Bank of America • New York, NY

4d • $110,000 - $175,000 • Onsite

About The Position

The Global Equity Derivatives Research team within Global Research at Bank of America is consistently top-ranked in Extel/II surveys, with 15+ analysts across New York, London, Paris, Dubai, Hong Kong, and San Francisco. The team operates across a broad and dynamic mandate, ranging from framing macro through the lens of cross-asset volatility to generating tactical and systematic trade ideas across the full linear and nonlinear equity derivatives spectrum. The team is seeking a New York-based, client-facing strategist to help produce actionable derivatives ideas, build positioning and flow analytics, manage complex datasets, and communicate ideas clearly in both written and verbal formats. The team values creative, well-formed conjectures about how markets work, paired with the intellectual and quantitative discipline required to rigorously test and validate them. The ideal candidate will have a strong quantitative foundation, at least two years of relevant industry experience, and proficiency in programming. The role offers significant collaboration with sales, structuring, and trading, as well as regular engagement with global institutional clients, and positions the strategist at the center of idea generation, market commentary, and investor dialogue.

Requirements

• Strong academic foundation in quantitative finance, financial engineering, applied mathematics, statistics, or related discipline (Master’s degree preferred)
• 2-4 years of relevant experience in equity derivatives and/or quantitative investment strategies across research, structuring, trading, or portfolio construction
• Advanced proficiency in quantitative analysis and statistics, including time-series analysis and handling large, complex, or high-frequency datasets
• Strong programming skills, preferably in Python; exposure to SQL and proficiency in Excel
• Experience integrating AI/ML techniques into research, modeling, or workflow automation
• Excellent written and presentation skills, with the ability to explain complex quantitative concepts clearly and visually to both technical and non‑technical audiences
• Exceptional attention to detail, demonstrating accuracy, consistency, and sound intuition to complement rigorous mathematical analysis in a fast‑paced environment
• Fluency in English

Responsibilities

• Frame macro through the lens of volatility, linking policy, positioning, and psychology to market dynamics and the pricing of risk across asset classes
• Structure tactical macro, catalyst-driven, and dislocation-driven derivatives trades to help investors efficiently hedge and generate alpha with asymmetry
• Identify structural dislocations in derivatives markets and design leading-edge strategies that systematically exploit these risk premia under real-world constraints
• Develop nuanced models of option market and quant fund positioning, flows, and market impact to inform both tactical and strategic views
• Produce regular research reports on the equity derivatives market
• Build, maintain, and quality-control large and diverse datasets, including volatility, correlation, option pricing, Greeks, and positioning indicators
• Collaborate closely with partners across the broader sales, trading, and research teams to deliver actionable insights
• Engage clients through meetings, calls, industry events, and timely responses to market developments

Benefits

• 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level