APAC | Hong Kong | Global Quantitative Strategies | Summer Analyst 2019

Sub division

Global Markets (Equity Quantitative Strategists)

Our Business

The Quantitative Strategies Group (QSG) is responsible for the models and analytics used in the Sales and Trading divisions within Global Markets. The group designs, builds and maintains industrial strength tools for analyzing, pricing and risk managing financial products across all asset classes traded by Bank of America Merrill Lynch. The group works closely with trading, structuring, risk management and technology to provide analytics which can quickly and accurately quantify the firm’s risks. This involves developing models and algorithms able to accurately calculate the value and risk of the financial products we offer our clients.

Overview

Employees in QSG have the following key responsibilities:

• Build quantitative models for pricing and risk management
• Work closely with technology to implement and maintain models and algorithms
• Apply new technologies to solve business problems more efficiently
• Work closely with trading, sales and technology to optimize client experience, trading revenues, and trading volumes
• Drive new initiatives and products in the electronic trading space.

Summer Analysts within the equity QSG team in Hong Kong participate in a 10 week program which is designed to give you a unique opportunity to gain exposure to a job as an equity strategist. The program begins with firm wide orientation, and continues throughout the internship with training, networking events and social activities. You will be given responsibilities early and will be expected to make a significant contribution to the team. As internships mirror full-time positions, they also include goal-setting and a formal review process as well as plenty of opportunity to interact with traders, management and other members of the global QSG team.

Possible Responsibilities (vary with placement): 

• Development of new products/models
• Risk/PL analysis
• Development of quantitative tools
• Investigation of hedging strategies and hedging cost
• Electronic trading analysis (e.g. portfolio optimization, market microstructure, transaction costs)

A successful summer analyst applicant in the equity QSG team will be placed within QSG for the duration of the internship program. Each summer analyst will be given a major project to complete on something that is relevant to the business they are supporting. As part of their internship they will be expected to present their project to the rest of the QSG team.

Placement within QSG is determined after the hiring process depending on the business needs and the interests/skills of the Summer Analyst. The various teams within equity QSG include: 

• Flow Derivatives Strats
• Exotic Derivatives Strats
• Electronic & Algorithmic Trading Strats
• Index Financing Strats
• Delta One Strats

Duration

10 weeks

Minimum eligibility requirement

• Penultimate year bachelors/masters'/phd student 
• On track to receive a GPA 3.5/4 or above (2.1 degree or above - UK system)
• Outstanding academic achievement 
• Mathematics, engineering, physics or computer science background required
• Strong programming skills required (preferably in an Object Oriented language such as Python, Java, C#, C++)
• Experience using Excel/Vba
• Database skills and exposure to KDB/q advantageous
• A commercial mindset and an interest in financial markets and quantitative finance
• Strong quantitative and analytical skills 
• Strong verbal and written communication skills
• Creative thinking and problem-solving skills 
• Fluency in English is essential
• An ability to work well independently and in teams

Language Requirements

Fluency in written and spoken English is essential

How to Apply

• Select 'Apply' and sign in as a new or returning user
• Complete all sections of the application form, followed by the online assessment
• Upload cover letter and/or resume to support your application
• Submit form - please note that in order for your application to be considered, you must have completed the form, the online assessment and uploaded your resume before the deadline

Application Deadline

14 Sept 2018 (Round 1)
19 Oct 2018 (Round 2)

We encourage applicants to apply early for our summer analyst programs as our recruitment team will review applications on a rolling basis. Your interview may also be scheduled before the application closes. For some positions, the final decision will only be made after Round 2 has ended. However, we will endeavor to inform you of your application outcome as soon as a decision has been made.