Quantitative Finance Analyst

Bank of America • Chicago, IL

16h • Onsite

About The Position

At Bank of America, the common purpose is to help make financial lives better through Responsible Growth, delivering for clients, teammates, communities, and shareholders. Being a Great Place to Work is central to this, including commitment to an inclusive workplace, attracting and developing talent, supporting wellness, recognizing performance, and community impact. Bank of America maintains an in-office culture with specific attendance requirements and flexibility based on role-specific considerations. This role offers opportunities to learn, grow, and make an impact. The Quantitative Finance Analyst is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. This includes developing new models, analytic processes, or systems approaches, creating technical documentation, and collaborating with Technology staff on system design for models. A broad knowledge of financial markets and products is expected.

Requirements

• 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
• 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
• Creates an inclusive team where members are treated fairly and respectfully.
• Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.
• Delivers clear and concise messages that motivate, convey the “why” and connects contributions to business results.
• Leads and encourages the identification, escalation and resolution of potential risks.
• Knows and develops team members through coaching and feedback.
• Manages expenses and demonstrates an owner’s mindset.
• Recruits, on-boards and develops talent, and supports talent mobility for career growth.
• Delivers results through effective team management, structure, and routines.

Benefits

• industry-leading benefits
• access to paid time off
• resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve
• competitive benefits to support their physical, emotional, and financial well-being
• annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees