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Bank of America

Runs a US consumer bank, brokerage and investment bank

Vice President; Quantitative Finance Analyst

Full-TimeDeadline 10/29/26
No salary listed
Mid, Senior, Expert
Master's
Charlotte, NC, USA
In Person
Software EngineeringBackend Engineering

About the job

Requirements
  • A Master's degree or equivalent in Applied Computer Science, Statistics, Finance, Mathematics, or a related field.
  • Three years of experience in the job offered or a related quantitative occupation.
  • Three years of experience utilizing Agile methodology to support continuous integration and continuous delivery within DevOps workflows and ensure iterative delivery and effective backlog prioritization.
  • Three years of experience translating business requirements into detailed technical specifications and implementing high-quality code aligned with enterprise architecture, security standards, and performance expectations.
  • Three years of experience assessing and monitoring end-to-end release workflows, including assembly, validation, and regression testing, to ensure production-ready deployments across web, application, and database server environments.
  • Three years of experience coordinating with database administrators to execute secure refreshes of development and test environments using production datasets while upholding data governance and compliance policies.
  • Three years of experience applying statistical methods to analyze portfolio trends, identify emerging risks and opportunities, and support decision-making for portfolio management and originations using analytical tools and quantitative techniques.
  • Three years of experience incorporating OWASP-aligned security practices in web application development by applying secure coding standards, mitigating common vulnerabilities, and utilizing APIs and relational databases for secure and reliable data access.
Responsibilities
  • Develop, enhance, and support the complex quantitative finance platform, with special attention to high availability, low latency, data protection, and security.
  • Work closely with business partners to define requirements and develop incrementally using Agile software development life cycle methodologies, principles, and practices.
  • Design, code, test, debug, conduct peer code reviews, and document programs and support activities for applications using Python, Perl, Oracle, jQuery, Bootstrap, and Ajax.
  • Ensure completed development items, including Azure Pipeline processes, comply with enterprise policies and address compliance gaps; coordinate with stakeholders and release and deployment teams on release packages in accordance with standards, approvals, and compliance using the enterprise information technology service management tool; provide production support for daily and monthly Spot Position extract, transform, and load processes involving large data volumes, as well as the tools used to monitor and support income forecasts.
  • Work with Oracle database administrators and Linux platform engineers on environment-related issues, including setup in test, staging, and production environments.
  • Manage the process for assembling and regression testing candidate software release packages.

About the company

Bank of America runs one of the largest US banks, serving consumers, small businesses, wealthy families, corporations and institutional investors. Alongside checking accounts, credit cards, mortgages and business loans, it owns the Merrill brokerage, a private bank for wealthy clients and a global investment bank that advises on deals and trades stocks and bonds. Customers reach it through thousands of branches and ATMs and its mobile banking app. It earns money mainly from the gap between what it charges on loans and pays on deposits, plus fees from advice, asset management, deal work and trading. It grew from a San Francisco bank founded in 1904 and is headquartered in Charlotte, North Carolina.

Company Size

10,001+

Company Stage

IPO

Headquarters

Charlotte, North Carolina

Founded

1904

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Simplify's Take

What believers are saying

  • Profits are climbing: net income rose 27% to $9.1 billion in the June 2026 quarter on trading and dealmaking.
  • Tech careers have budget behind them: $4 billion of Bank of America's $13 billion yearly tech spend funds new initiatives.
  • Cheap funding cushions profits: $530 billion of its $2.03 trillion in deposits paid no interest at June 2026.

What critics are saying

  • Falling rates pinch lending profit: lower rates partly offset its 9% rise in interest income in the June 2026 quarter.
  • AI is reshaping jobs: over 200,000 employees use AI tools, sending 400,000-plus prompts daily as of July 2026.
  • Succession remains open: CEO Brian Moynihan plans to stay through decade's end after a December 2025 executive shake-up.

What makes Bank of America unique

  • Small firms bank here: it serves 4 million small businesses and calls itself the top US small business lender.
  • Wealth management is a second engine: Merrill, its brokerage, and the Private Bank oversee about $4.9 trillion in client balances.
  • Customers use its chatbot at scale: virtual assistant Erica has logged over 3 billion client interactions since 2018.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Paid Vacation
  • Paid Sick Leave
  • Flexible Work Hours
  • Remote Work Options
  • Professional Development Budget
  • Conference Attendance Budget

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

-1%

2 year growth

-1%
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Bank of America faces more than $1.21 billion in penalties from the US Treasury Department for failing to report more than $5 billion in suspicious transactions over several years. Some of the activity was linked to Chinese money laundering networks and operations along the southwest border. The penalty is the third-largest in Treasury history. It includes a $750 million civil money penalty from the Office of the Comptroller of the Currency (OCC), the largest the OCC has levied against any bank. Regulators said problems continued after the bank signed a 2024 cease-and-desist order. The bank admitted it willfully violated the Bank Secrecy Act. The charge will cut third-quarter net income by about 17 cents per share. Chief executive officer Brian Moynihan said the bank has added thousands of staff and is deep into remediation. Third-quarter net income was $6.9 billion.

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Simply Wall St has named three US stocks that its discounted cash flow analysis suggests trade up to 40% below fair value: Wells Fargo, Bank of America, and J.B. Hunt Transport Services. The screen is aimed at investors weighing rising fuel costs, inflation, and tighter central bank policy expected in 2027. Wells Fargo, valued at about $248.4 billion, grew average loans 12% and average deposits 10% year over year in the second quarter of 2026 after the asset cap was removed. Bank of America, worth about $357.9 billion, plans to double its AI budget within a $14 billion technology spend. J.B. Hunt, valued at about $22.1 billion, posted record intermodal volume of more than 578,000 loads in the second quarter of 2026. The full screen found 461 more companies.

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Bank of America sees 40% upside for Penguin Solutions as AI memory demand grows

Bank of America has started coverage of Penguin Solutions (PENG) with a Buy rating and a $100 price target, 39.7% above the $71.57 share price at the time. Analyst Wamsi Mohan argues that memory, not processing power, is becoming the next constraint in AI. Penguin builds and manages large AI computing clusters and sells memory systems that speed them up. AI-related customers make up 78% of its revenue, the bank says. In its latest quarter, Penguin reported record revenue of $567 million, up 68% from a year earlier. Full-year sales rose 26% to $1.73 billion. Mohan sees fiscal 2028 revenue of $2.87 billion, against a consensus of $2.66 billion. The main risk is a sharp drop in memory prices. Penguin's 10 biggest clients made up 66% of fiscal 2025 revenue.

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Associated Press
Oct 15th, 2026
Johnson Fistel probes Bank of America officers over $1.2B anti-money-laundering penalty

Law firm Johnson Fistel is investigating possible claims against certain officers and directors of Bank of America Corporation (NYSE: BAC) for alleged breaches of fiduciary duty. It is seeking long-term shareholders who held shares before December 2024 and still hold them. On October 13, 2026, the US Treasury Department said its Financial Crimes Enforcement Network had assessed a $1.2 billion penalty against Bank of America, N.A. The bank admitted it willfully violated the Bank Secrecy Act by failing to keep an adequate anti-money-laundering program, conduct due diligence on foreign correspondent accounts, and file suspicious activity reports. A $750 million penalty from the Office of the Comptroller of the Currency is credited against the total. On October 14, the company reported a $1.2 billion settlement charge in the third quarter, with net income of $6.9 billion, down from $8.3 billion a year earlier.