Quant Model Developer

TEKsystems - Jersey City, NJ

Full-time - Mid Level

Jersey City, NJ

10,001+ employees

Professional, Scientific, and Technical Services

About the position

The Quantitative Model Developer position at TEKsystems involves working within the Global Risk Analytics (GRA) function to develop and maintain quantitative models and analytical tools for effective risk and capital measurement across Bank of America. The role emphasizes collaboration with various stakeholders to ensure models meet both internal and regulatory requirements, while driving innovation and process improvement in model development and execution.

Responsibilities

• Develop and maintain risk and capital models and model systems across Retail and GWIM product lines.
• Architect, implement, maintain, improve, and integrate quantitative solutions on strategic GRA platforms.
• Build best-in-class quantitative solutions for effective risk and capital management.
• Drive forward the infrastructure to support GRA goals through code efficiencies and expanded quantitative capabilities.
• Deliver concise, quantitative documentation to inform stakeholders and meet policy requirements.

Requirements

• Master or PhD degree in Mathematics, Economics, Statistics, or similar discipline.
• Minimum of 5 years relevant experience in statistics, data science, econometrics, and other quantitative analysis.
• First-hand experience in large data analysis, statistical model estimation, implementation, and testing.
• Strong programming skills in SQL, Python, R.
• Strong analytical and problem-solving skills.

Nice-to-haves

• Knowledge of financial services industry, consumer credit and products, real estate data and market, and related regulations.
• Experience with HDFS, HIVE, and Spark.
• Experience with CCAR and CECL.
• Ability to apply CI/CD tools (e.g., Git, JIRA, Confluence, Pytest, Jenkins, and SonarQube) in model development process.
• Data visualizations in Tableau.

Benefits

• Health insurance
• 401k
• Flexible scheduling
• Professional development opportunities
• Paid holidays