Global Quantitative Strategies Summer Associate - 2027 - Hong Kong

Overview

Penultimate-year Master’s and PhD students with outstanding academic achievement seeking a summer internship with the potential for 2028 full-time conversion. Background in Mathematics, Engineering, Physics, or Computer Science required. Strong programming skills (preferably in an object-oriented language such as Python, Java, C#, C++) are essential. Exposure to AI and machine learning techniques, database skills, and familiarity with KDB/q are advantageous. A commercial mindset and an interest in financial markets and quantitative finance are important. Strong quantitative and analytical skills, along with strong verbal and written communication abilities, are required. The ability to work well independently and in teams. Fluency in English is required; proficiency in an additional Asian language is highly advantageous.

Who We Are

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 that 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.

Your 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
• Collaborate with trading, sales, and technology to optimize client experience, trading revenues, and trading volumes
• Drive new initiatives and products in the electronic trading space

Placement Details

Placement within QSG is determined after the hiring process based on business needs and the candidate’s interests/skills. The various teams within Equity and FICC QSG include:

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

Possible Responsibilities (vary with placement)

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

Program Overview

The Summer Program is a 10-week program designed to provide Summer Associates with a unique opportunity to gain exposure to life at Bank of America and make significant contributions to the team. The Summer Program begins with an orientation and induction to the firm. Summer Associates are given a true associate experience, with assignments mirroring full-time responsibility and including goal-setting and a formal review process.

Key features include:

• Access to the bank’s learning hub containing resources from banking fundamentals to communication skills
• Structured and on-the-job training
• Networking and social opportunities
• Speaker series with senior management across all lines of business
• Corporate Social Responsibility projects and learning
• Involvement in Opportunity and Inclusion training/events
• Consideration for full-time employment upon graduation

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth guides how we run our company and deliver for clients, teammates, communities, and shareholders every day. We strive to create an inclusive workplace for everyone and invest in our teammates and their families by offering competitive benefits to support physical, emotional, and financial well-being. We value flexibility where possible and tailor arrangements to the role. Working at Bank of America offers opportunities to learn, grow, and make an impact while making a difference. Join us!

Asia Pacific Focus

Our Asia Pacific team is spread across 19 cities in 12 markets. We connect Asia to the world and the world to Asia, leveraging our global expertise to ensure shared success with clients and communities. Our regional footprint covers 12 currencies, more than a dozen languages, and five time zones, placing us among the region’s leading financial services companies.