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Bank of America

Runs a US consumer bank, brokerage and investment bank

Quantitative Finance Analyst

Quantitative RiskConfirmed live in the last 24 hours
Full-time

About the Job

Requirements

  • A master's degree in a related field or equivalent work experience.
  • Two to three years of experience in Risk, Finance, or a related discipline.
  • A degree in Statistics, Mathematics, Computer Science, Information Systems, Physics, or a related quantitative field.
  • Proven experience in a related quantitative occupation.
  • Experience working with Python, Excel, and SQL scripting.
  • Strong documentation skills.
  • Excellent analytical and problem-solving skills.
  • Ability to work independently and as part of a team.
  • Strong communication and interpersonal skills.
  • Knowledge of financial markets and risk management concepts.

Responsibilities

  • Conduct quantitative analytics and modeling projects for specific business units or risk types.
  • Develop new models, analytic processes, or systems approaches, create technical documentation, and work with Technology staff to design systems that run developed models.
  • Perform end-to-end market risk stress testing, including scenario design and implementation, results consolidation, internal and external reporting, and analysis of scenario results to understand key drivers.
  • Support planning and prioritization of quantitative work in line with the bank’s overall strategy.
  • Identify continuous improvements by reviewing approval decisions on relevant model development or validation tasks, providing critical feedback on technical documentation, and effectively challenging model development and validation.
  • Support model development and model risk management in respective focus areas to meet business requirements and the enterprise’s risk appetite.
  • Provide methodological, analytical, and technical guidance to challenge and influence the strategic and tactical direction of development and validation projects and identify potential risk areas.
  • Work with model stakeholders and senior management to communicate submission and validation outcomes.
  • Perform statistical analysis on large datasets and interpret results using qualitative and quantitative approaches.
  • Provide domain expertise for Strategic Risk Initiatives, Risk Management, GRA, Regulators (MRA/MRIA), Audit, MRM, QSG, and MRT/FO technology, including requirements, system design, and adoption testing support.
  • Design strategic systems for Full Revaluation Risk, Reference Data, and Market Data, and support adoption of firm-wide strategic projects across Market Risk and Counterparty Risk.
  • Maintain existing risk systems and deliver sustainable solutions for Market Risk and Counterparty Risk.
  • Assist with new regulatory requirements and improve processes so they can be handed over to the appropriate team for ongoing production, including EST, internal and external reporting, and GBS.
  • Provide a centralized source of support for Risk Managers, GRA, and external teams on Market Risk model and systems support.

About the Company

Bank of America

Runs a US consumer bank, brokerage and investment bank

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, NC
Founded
1904

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