Bank Of America Quantitative Finance Analyst - Markets Behavior Analytics Team 

United States, New York, New York 

12235824

This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

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

DETAILED Job Description

Bank of America’s Global Risk Management business is looking for a Quantitative Financial Analyst within the

Key responsibilities include:

• Understanding data: schemas, flow, size, data issues, data controls, etc.
• Building performant big data pipelines that are necessary for building surveillance logic
• Using sophisticated modeling techniques including machine learning and AI, build surveillances
• Testing the efficacy of these surveillances

Required Skills:

• Successful candidates will have a Bachelors or Masters in Computer Science or similar discipline
• At least 2 years of relevant experience
• A love for playing with data and at least one of the following:
• Experience in implementing distributed algorithms on large amounts of data
• Experience in building user facing applications over large amounts of data
• Strong communication skills and ability to effectively communicate quantitative topics to technical and non-technical audiences
• Ability to effectively presents findings, data, and conclusions to senior leaders

Preferred skills:

• Experience in machine learning / AI models
• Experience with financial data sets

1st shift (United States of America)