VP/DIR, Futures & Options Electronic Product Expert

Bank of America

3.2

(114)

New York, NY

Why you should apply for a job to Bank of America:

  • 57% say women are treated fairly and equally to men
  • 74% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years.
  • Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
  • Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.
  • #JR-25017511

    Position summary

    erica, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

    Job Description:

    Competencies required include electronic trading platform, algorithm design and deployment, venue and exchange management, quant research, analytics, governance with a Bachelors degree, & 5-10+ years related experience.

    The eTrading and Platform Group is looking for an individual to take responsibility to manage product and platform priorities for the Futures & Options eTrading business.

    The role will focus on eTrading workflows, applications and priorities of the eSales & Trading desks. This will require the candidate to become deeply familiar with the end-to-end lifecycle of products and trade flows across front line business units; including Futures, Options, Cash eTrading desks. This requires a deep understanding of markets, clients, liquidity and products. The role requires in depth experience of low latency, high resiliency product design and operation. The successful candidate will be a core subject matter expert and a critical pillar in driving growth of a major trading franchise.

    Role:

    • Define Product strategy in close collaboration with electronic trading groups, desks, quants and platform leadership

    • Define detailed design requirements in conjunction with critical support partners. e.g. Technology, Sales & Trading, Compliance, Legal, Operations, Risk Management, etc.

    • Manage and govern key Equities & Global Markets investment initiatives

    • Drive detailed analysis of priority products, clients and markets to establish product baselines, peer insights and commercial opportunities

    • Establish coherent, well defined business cases and work with management to pitch investment opportunities

    • Be an active participant in discussions and influence decisions around the end to end trading lifecycle and the strategic equities architecture

    • Work closely with Technology and Product partners to maintain oversight of our investments, progress and regulatory obligations

    Responsibilities

    • Own and drive Product strategy for Futures & Options execution;

    • Define and document business opportunities and pitch investment cases

    • Document requirements and ensure product delivery aligns to user requirements

    • Measure product baselines and define KPIs and target metrics with Sales and Trading

    • Explore industry, client and competitor trends to ensure product remains relevant and forward looking

    • Ensure the ongoing delivery of critical equities product as follows:

    • Robust governance and management of core investments and priorities

    • Work and collaborate with tech, quant and Support partners

    • Influence and shape future investment and design decisions in conjunction with Equities management and business leads

    • Help grow the teams capabilities and generate revenue

    Qualifications:

    • Expertise in electronic trading, market & client connectivity, algorithm design, best execution, governance, capacity

    • Experience with building quality platform for large and advanced eTrading clients (quants, hedge funds, institutions, banks and BDs) along with effectively managing and interfacing with liquidity partners

    • Excellent communication skills to work with sales, trading, product, technology, and support partners globally

    • Strong team work and ability to collaborate with others

    • Excellent problem solver with an ability to work independently and comfortable working in a fluid environment with shifting priorities

    • Prior experience of Futures & Options products and trading strategies

    • Highly motivated and strong desire to learn business and new technologies

    • Bachelors degree required

    Desired Qualifications:

    • Experience with algorithm design and development

    • Operational skills in running a large eTrading business at scale

    • Some coding/scripting/analytics experience (with knowledge of best practices) in Java/Python preferred

    • Project Management certifications/Experience

    Shift:
    1st shift (United States of America)

    Hours Per Week:
    40

    Learn more about this role

    Why you should apply for a job to Bank of America:

  • 57% say women are treated fairly and equally to men
  • 74% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years.
  • Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
  • Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.