Bank of America

Rates eTrading Quant Developer

Bank of America

London, UK
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Are you a highly skilled and motivated individual with a passion for quantitative finance and technology? Are you seeking a challenging and dynamic role in a leading financial institution? If so, Bank of America has an exciting opportunity for you as a Rates eTrading Quant Developer. We are looking for a talented individual to join our team and help drive innovation in our electronic trading platform for interest rate products. As a Rates eTrading Quant Developer, you will be responsible for developing and maintaining cutting-edge algorithms and trading strategies, as well as collaborating with traders and other quantitative developers to optimize our electronic trading capabilities. This role requires a combination of technical expertise, strong analytical skills, and a deep understanding of financial markets. If you have a proven track record of success in a similar role and a desire to be at the forefront of electronic trading, we encourage you to apply.

  1. Develop and maintain cutting-edge algorithms and trading strategies for interest rate products in our electronic trading platform.
  2. Collaborate with traders and other quantitative developers to optimize our electronic trading capabilities.
  3. Conduct research and analysis to identify market trends and improve trading strategies.
  4. Utilize technical expertise and strong analytical skills to drive innovation in the electronic trading platform.
  5. Stay up-to-date with industry developments and incorporate new technologies to enhance trading efficiency.
  6. Design and implement risk management tools to monitor and mitigate potential risks.
  7. Partner with cross-functional teams to ensure smooth integration of new trading strategies and algorithms.
  8. Troubleshoot and resolve any technical issues related to the electronic trading platform.
  9. Monitor and evaluate the performance of existing algorithms and make necessary adjustments.
  10. Contribute to the development of best practices and standards for electronic trading within the organization.
  11. Communicate complex concepts and ideas effectively to both technical and non-technical stakeholders.
  12. Collaborate with other teams within the organization to ensure compliance with regulatory requirements.
  13. Continuously strive to improve the electronic trading platform and enhance overall business performance.
Where is this job?
This job is located at London, UK
Job Qualifications
  • Strong Programming Skills: Candidates Should Have A Strong Background In Programming Languages Such As C++, Java, And Python, With Experience In Developing High-Performance And Scalable Electronic Trading Systems.

  • Knowledge Of Financial Markets: A Thorough Understanding Of Fixed Income Products And The Interest Rates Market Is Essential For This Role. Candidates Should Be Familiar With Pricing Models And Risk Management Techniques.

  • Quantitative Skills: A Strong Background In Mathematics, Statistics, And Quantitative Analysis Is Required For This Position. Candidates Should Be Able To Develop And Implement Complex Mathematical Models And Algorithms.

  • Experience With Etrading Platforms: Candidates Should Have Experience Working With Electronic Trading Platforms, Such As Bloomberg, Tradeweb, Or Marketaxess. Knowledge Of Order Management Systems And Execution Algorithms Is Also Preferred.

  • Communication And Teamwork: This Role Requires Collaboration With Various Teams, Including Traders, Quants, And Technology Teams. Strong Communication And Interpersonal Skills Are Necessary To Effectively Work In A Team Environment And Deliver Results.

Required Skills
  • Risk Management

  • Programming

  • statistical analysis

  • Machine Learning

  • Financial Modeling

  • Quantitative Analysis

  • Algorithm development

  • Market data analysis

  • Time series

  • Derivatives Pricing

  • High-Frequency Trading

Soft Skills
  • Communication

  • Conflict Resolution

  • Leadership

  • Time management

  • Interpersonal Skills

  • creativity

  • Attention to detail

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Rates eTrading Quant Developer in London, UK is between £70,000 to £120,000 per year. This can vary depending on the specific job responsibilities, experience level, and the company one is working for. More senior and experienced individuals in this role can earn upwards of £150,000 or more. Factors such as bonuses, benefits, and location can also impact the salary range for this position.

Additional Information
Bank of America is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedMarch 26th, 2025
Apply BeforeJune 21st, 2025
This job posting is from a verified source. 

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About Bank of America

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.

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