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Bank Of America Quantitative Finance Analyst 
United States, North Carolina, Charlotte 
787041821

13.08.2024

Job Description:

Job Description:

The candidate will have the opportunity to learn the models, software development and technology infrastructure, interact with industry-leading subject matter experts, apply software engineering skills and development skills to meet business and regulatory requirements, and develop a career in this fast-paced and ever-changing world.This role demands a highly technical skillset, including analytical, programming, organizational, communication, and software design capabilities. This role will build software in Python or PySpark for technology integration and use Hadoop/HIVE/Oracle/Exadata for model data input and output.Essential areas of focus involve Data Sourcing and processing; Model development, implementation and maintenance as well as ongoing model monitoring.


Responsibilities:

  • Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
  • Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
  • Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
  • Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
  • Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
  • Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
  • Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

Skills:

  • Critical Thinking
  • Quantitative Development
  • Risk Analytics
  • Risk Modeling
  • Technical Documentation
  • Adaptability
  • Collaboration
  • Problem Solving
  • Risk Management
  • Test Engineering
  • Data Modeling
  • Data and Trend Analysis
  • Process Performance Measurement
  • Research
  • Written Communications

Master’s degree in related field or equivalent work experience

Qualifications:
•3+year’s experience in programming in any of the databases like Oracle/Hadoop/HIVE
•Experience in developing with JIRA and Git
•Experience in writing functional specs for software implementation
•Basic Software engineering and design skills and focus on using good software development practices
•Experience designing, developing, and applying scalable infrastructure solutions
•PySparc development experience is a plus

1st shift (United States of America)