Quantitative Analyst

Bank of America • New York, NY

1d • $100,000 - $131,500 • Onsite

About The Position

As part of Bank of America’s Chief Investment Office (CIO) Portfolio Management team, the Quantitative Analyst automates and enhances processes using programming and analytical tools. The role supports the production of collateral for the CIO’s centrally managed portfolios and other ad hoc projects.

The position also contributes to delivering financial market intelligence, insight, opinion and expertise; providing asset allocation advice and recommendations; constructing and rebalancing client portfolios; communicating investment results, including performance attribution; introducing investment products and opportunistic strategies; and overseeing the open architecture program in conjunction with ISG. The role requires knowledge of markets, CIO investment views, quantitative methods and portfolio construction.

Bank of America describes its culture as focused on Responsible Growth, inclusion, collaboration and teammate well-being. The bank is committed to an in-office culture, with flexibility based on role responsibilities and business needs. Internal employees currently working from home may apply, but selected candidates may be required to work onsite under the workplace excellence policy.

Requirements

• At least 3 years of applicable work experience.
• Experience building in a production environment with R, RShiny, RMarkdown/LaTeX, SQL, VSCode, AI tools and REST APIs.
• Proficient writing and communication skills.
• Skill in performance reporting and attribution.
• Familiarity with investments, including ETFs and mutual funds.
• Experience manipulating large datasets, conducting data analysis and implementing analytical methods such as single- and multifactor regression.
• SIE, Series 7 and Series 66 licenses, or the ability to obtain them within 120 days of hire.
• Strong analytical, communication, writing, interpersonal and project-management skills, with excellent attention to detail.

Nice To Haves

• Familiarity with investment and analytical platforms such as Bloomberg, Morningstar and FactSet.
• Bachelor’s degree, preferably in a technical field such as Computer Science, Engineering, Statistics or Math.
• Experience with VBA, Python and/or MATLAB, and Git.

Responsibilities

• Manage and improve portfolio collateral production, including ad hoc, monthly and quarterly deliverables, coordinating with the Portfolio Management team, Compliance and Marketing.
• Build automated solutions for collateral production using R, SQL, Excel/VBA, Python and related tools.
• Document established collateral production procedures and train team members to support effective transition and ongoing operations.
• Extract, validate and analyze large datasets from SQL databases, FactSet and Bloomberg.
• Maintain strong knowledge of markets, CIO investment views, quantitative methods and portfolio construction.
• Support production of collateral for the CIO’s centrally managed portfolios and other ad hoc projects.
• Deliver financial market intelligence, insight, opinion and expertise; provide asset allocation advice and recommendations; and construct and rebalance client portfolios.
• Communicate investment results in client portfolios, including performance attribution, and introduce investment products and opportunistic strategies.
• Oversee and manage the open architecture program in conjunction with ISG.

Benefits

• Industry-leading benefits.
• Access to paid time off.
• Resources and support for employees.
• Eligibility to participate in the annual discretionary incentive plan, with awards based on individual performance and behaviors, business-line or group contributions, and company success.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level