Global Quantitative Strategies Summer Analyst - 2025 - Sydney

Please note the maximum number of applications that you can submit per recruitment season is 8.You are only allowed to submit:- 3 applications in total to U.S. and Canada programs- 2 applications in total to APAC programs- 2 applications in total to LATAM programs- EMEA applicants are limited to 1 application per recruitment season .

Once your application has been submitted, you will be unable to apply to any additional EMEA programs.Program ID

11402

Region

Asia PacificLocation

AustraliaCity

SydneyProgram

Global Quants ProgramProgram type

Summer internshipEntry level

AnalystWhat we’re looking for:Penultimate year Undergraduate, Masters or PHD studentOutstanding academic achievementMathematics, Engineering, Physics or Computer Science background requiredStrong programming skills required (preferably in an Object-oriented language such as Python, Java, C#, C++)Experience using Excel/VBADatabase skills and exposure to KDB/q advantageousA commercial mindset and an interest in financial markets and quantitative financeStrong quantitative and analytical skillsStrong verbal and written communication skillsCreative thinking and problem-solving skillsFluency in English is essentialThe ability to work well independently and in teamsWhy Us?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. 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.What you’ll do:Build quantitative models for pricing and risk managementWork closely with technology to implement and maintain models and algorithmsApply new technologies to solve business problems more efficientlyWork closely with trading, sales and technology to optimize client experience, trading revenues, and trading volumesDrive new initiatives and products in the electronic trading space.Placement within QSG is determined after the hiring process depending on the business needs and the interests/skills of candidate. The various teams within Equity and FICC QSG include:Electronic & Algorithmic Trading StratsIndex Financing StratsRates StratseFX StratsPossible Responsibilities (vary with placement):Development of new products/modelsRisk/PL analysisDevelopment of quantitative toolsInvestigation of hedging strategies and hedging costElectronic trading analysis (e.g. portfolio optimization, market microstructure, transaction costs)Program OverviewThe Summer program is a 10-week program designed to provide Summer Analysts/ Associates with a unique opportunity to gain an exposure to life at Bank of America and also make significant contributions to the team. The Summer Program begins with an orientation and induction to the firm. Summer Analysts/ Associates are given a true associate experience, as assignments mirror full-time responsibility and include goal-setting and a formal review process.Access to the bank’s learning hub containing a variety of learning resources, ranging from banking fundamentals to communication skillsStructured and on-the-job trainingNetworking and social opportunitiesSpeaker series with senior management across all lines of businessCorporate Social Responsibility project/learningInvolvement in Diversity and Inclusion training/eventsConsideration for full-time employment upon graduationAbout UsAt Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join usConnecting Asia Pacific to the WorldOur Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

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