Full-Time

Senior Quantitative Finance Analyst

Posted on 10/25/2024

Bank of America

Bank of America

10,001+ employees

Provides banking and financial services globally

Fintech
Financial Services

Compensation Overview

$125k - $210kAnnually

+ Discretionary Incentive

Senior

Remote in USA + 1 more

More locations: New York, NY, USA

Jersey City has a specific office location at 525 Washington Blvd.

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Python
MySQL
Neural Networks
Pytorch
Apache Spark
SQL
Machine Learning
Apache Kafka
Postgres
Hadoop
Oracle

You match the following Bank of America's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • PhD or Masters in a quantitative field such as Computer Science, Engineering, Mathematics, Physics, or Statistics.
  • Strong knowledge of Information Security best practices, principles, technologies, associated risks and attack vectors.
  • Previous experience in Technology and Cyber Security across multiple incident or privacy disciplines.
  • Professional Infrastructure domain experience within Risk, CTO, and/or Global Information Security.
  • Strong knowledge of the NIST Cybersecurity Framework.
  • Advanced understanding of security threats, vulnerabilities, exploits, attack vectors, malware, and digital forensics.
  • Strong knowledge of tools and models used to aid core technology, employee experience and data management.
  • Solid 3+ years of experience and knowledge with AI/ML and statistical modeling techniques, applying AI/ML techniques such as neural networks, random forest, GBM, SVM, Graphical models.
  • Hands-on experience with deep learning architectures using open-source toolkits in Python, PySpark, PyTorch.
  • Fluency with SQL on one or more relational databases such as Microsoft SQL Server, MySQL, Postgres or Oracle is a plus.
  • Understanding of the Hadoop platform (e.g., MapReduce, Hive, Impala, Spark, Flume, Kafka) and related Big Data technologies will also be a plus.
  • Excellent written and oral communication with stakeholders of varying analytic skills and knowledge levels.
  • Critical thinking and ability to independently and proactively identify/suggest/resolve issues.
  • Motivated to continuously research and share latest information security threats and trends to keep up with advancements.
Responsibilities
  • Performing all model validation tasks including but not limited to independent model validation, annual model review, ongoing monitoring report review, required action item review, and peer review.
  • Conducting governance activities such as model identification, model approval and breach remediation reviews to manage model risk.
  • Providing hands-on leadership for projects pertaining to statistical modeling and AI/ML approaches; and providing methodological, analytical, and technical support to effectively challenge and influence the strategic direction and tactical approaches of these projects.
  • Communicating and working directly with relevant modeling teams and their corresponding Front Line Units (Global Information Security / Technology); and if needed, communicating and interacting with the third line of defense (e.g., internal audit) as well as external regulators.
  • Writing technical reports for distribution and presentation to model developers, senior management, audit, and banking regulators.
  • Acts as a senior level resource or resident expert on analytic/quantitative modeling techniques used for managing Information Security risk and Technology risk.
Desired Qualifications
  • Certificates in cybersecurity risk such as CISSP, Security+, CRISC, CISM will be a plus.
  • Fluency with SQL on one or more relational databases such as Microsoft SQL Server, MySQL, Postgres or Oracle is a plus.
  • Understanding of the Hadoop platform (e.g., MapReduce, Hive, Impala, Spark, Flume, Kafka) and related Big Data technologies will also be a plus.

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business accounts in the U.S. One of its key strengths is its position as a leading wealth management firm, as well as its prominence in corporate and investment banking and trading. Unlike many of its competitors, Bank of America combines a vast network of services with a strong focus on both personal and corporate financial needs. The goal of Bank of America is to help clients achieve their financial goals through comprehensive financial solutions.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Focus on digital banking enhances customer experience and operational efficiency.
  • Expansion in wealth management aligns with global trends in personalized services.
  • Partnerships in blockchain solutions offer faster, secure transactions.

What critics are saying

  • Increased competition in credit facilities may impact market share.
  • Large corporations raising capital through share sales could affect liquidity management.
  • Syndicated loan platforms may disrupt traditional lending models.

What makes Bank of America unique

  • Bank of America is a leader in corporate and investment banking globally.
  • The bank is a key player in sustainable finance and green bonds.
  • It heavily invests in AI for risk management and fraud detection.

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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

INACTIVE