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Director, East Power Trading

Director, East Power Trading

Bank of AmericaNew York, NY, US
30+ days ago
Job type
  • Full-time
Job description

Bank of America

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for managing risk and developing trading activities with limited direction from senior staff. Key responsibilities include proactively maintaining and building client relationships, supporting clients with buying and selling financial products, and implementing trading strategies to achieve revenue goals. Job expectations include having in-depth knowledge of risk management, hedging, and trading strategies as well as market characteristics.

Responsibilities :

  • Partners with global sales teams to help the bank's clients execute trading activities, while sharing knowledge of the current market environment
  • Performs trading activities in compliance with federal regulations, industry standards, and other requirements and ensures trading orders are executed with the highest degree of accuracy and time efficiency
  • Assigns accounts to pre-defined trading models and administers trades based on product guidelines
  • Operates as a market maker, buying and selling financial instruments in accordance with established trading strategies and risk parameters

Managerial Responsibilities : This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

  • Opportunity & Inclusion Champion : Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
  • Manager of Process & Data : Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data-based decision making and continuous improvement.
  • Enterprise Advocate & Communicator : Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
  • Risk Manager : Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
  • People Manager & Coach : Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
  • Financial Steward : Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
  • Enterprise Talent Leader : Assesses talent and builds bench strength for roles across the organization.
  • Driver of Business Outcomes : Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.
  • Skills :

  • Business Acumen
  • Trade Monitoring
  • Trading
  • Trading Strategy
  • Trading and Investment Analysis
  • Causation Analysis
  • Client Management
  • Financial Forecasting and Modeling
  • Research Analysis
  • Risk Management
  • Data and Trend Analysis
  • Oral Communications
  • Policies, Procedures, and Guidelines
  • Regulatory Compliance
  • Risk Analytics
  • Shift : 1st shift (United States of America)

    Hours Per Week : 40

    Pay and benefits information Pay range $300,000.00 - $300,000.00 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.

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