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Snr Trading Assistant: Fixed Income Derivatives

Bank of America

Bank of America

New York, NY, USA
Posted on Thursday, September 28, 2023

Job Description:

Responsible for trade capture and resolving trade discrepancies. Will liaise with traders, trade control, counterparties, operations, finance, and compliance.  Other responsibilities will include responding to ad hoc requests and investigations, reporting, and participation in growth initiative and operational efficiency projects.

The Trading Assistant will cover both the XVA and Risk Optimization Group (ROG) desks which are part of the Counterparty Portfolio Management (CPM) line of business. The XVA trading desk focuses on managing counterparty credit risk (CVA) and funding risk (FVA), hedging those risks with a variety of cross-asset derivative instruments including rates, FX, commodities, credit, and equities. The ROG trading desk has two main functions – risk optimization, which includes initial margin, GSIB, and regulatory capital optimization; and collateral trading optimization.

Key Responsibilities:

  • Trade capture, trade P&L and risk summarization, and trade discrepancy resolution
  • Collaborating with TA team members and other stakeholders including traders, trade control, counterparties, operations, finance, and compliance
  • Trade monitoring and preparation of various reports for traders
  • Responding to ad hoc requests and investigations
  • Lead projects related to growth initiatives, infrastructure enhancements and operational efficiency


  • Experience with one or more of the following Fixed Income products such as: Interest Rate, Credit, FX and Commodity derivatives
  • Experience with trade capture and strong understanding of trade and product life-cycle
  • Strong communications skills and confidence interacting with senior and junior stakeholders including traders, trade control, counterparties, operations, finance, and compliance
  • Strong sense of urgency with ability to multi-task and engage business partners for efficient resolution
  • Flexible hours as needed to support trade activity across multiple time zones

Desired Skills

  • 5+ years of trading floor or middle office operations experience
  • Corporate title dependent on level of experience
  • Ability to think critically or inquire further about the job functions being performed, understand the implications of these actions, identify and escalate issues, and propose solutions
  • Experience managing/leading a team is desirable
  • Self-starter with outstanding problem solving and task completion skills
  • Strong written and verbal communication skills
  • Strong operational processing and risk control skills including the ability to build well-controlled spreadsheets and source appropriate and meaningful data
  • Be enthusiastic, keen to learn and quick to gain an understanding of complex issues and concepts
  • Take personal responsibility for delivering high quality work and have a track record of outperformance and delivery
  • Be able to design and produce insightful regular reports and drive continuous improvement in these reports
  • Ability to thrive in a dynamic, team-oriented environment – both work closely with senior members of the team and work independently
  • Operates with urgency at all times


1st shift (United States of America)

Hours Per Week: