Bank Of America Quantitative Finance Analyst 

United States, North Carolina, Charlotte 

339445915

Job Description:

Job Description:

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

Required Education, Skills, and Experience

• Graduate degree in quantitative discipline (e.g. Mathematics, Economics, Engineering, Finance, Physics)

• 2+ years of experience in model development, statistical work, data analytics or quantitative research or PhD

• Strong Programming skills e.g. R, Python, SAS, SQL or other languages

• Strong analytical and problem-solving skills

Desired Skills and Experience:

• Knowledge of predictive modeling, statistical sampling, optimization, machine learning and artificial intelligence techniques

• Strong technical writing, communication and presentation skills and ability to effectively communicate quantitative topics with non-technical audiences

• Experience with large data sets

• Effective at prioritization/time and project management

• Broad understanding of financial products

1st shift (United States of America)