Assistant Vice President; Quantitative Finance Analyst
About The Position
Bank of America is hiring a Quantitative Finance Analyst to develop and govern risk reporting and analyze model-driven risk metrics. The role supports regulatory, capital, and management reporting, including analysis of Value-at-Risk (VaR), stress scenarios, resolution planning variants, Incremental Risk Charge, and Comprehensive Risk Measure for corporate capital metrics. The analyst will work with large-scale financial and market datasets and collaborate with technology and data partners to support accurate, controlled data delivery. The position is based at 525 Washington Blvd, Jersey City, New Jersey. Remote work may be permitted within a commutable distance from the worksite.
Requirements
- Bachelor's degree or equivalent in Information, Mathematics, Engineering (any), or a related field.
- At least 2 years of experience in the job offered or a related quantitative occupation.
- At least 2 years of experience analyzing model-driven risk metrics, stress scenarios, and internal risk measures to support management reporting, decision-making, and resolution planning variants.
- At least 2 years of experience compiling, cleansing, and analyzing large-scale financial and market datasets for enterprise risk, using Python and Excel for analytical workflows, reconciliation, and data quality checks.
- At least 2 years of experience identifying and implementing regulatory and internal risk reporting requirements, including report design, standardized analytical queries, and data visualization of key risk metrics using Excel and Python.
- At least 2 years of experience developing and maintaining reporting controls and governance frameworks for completeness and accuracy, including process design, documentation, and defining ownership using a RACI-based format.
Responsibilities
- Develop scalable reporting that can be executed at summary and granular levels.
- Provide commentary and analysis of reports, including VaR metrics, stress scenarios, and related disclosures.
- Submit regulatory, capital, and management reports to peers, senior management, and external regulators.
- Format and present large-scale data in an executive-friendly, easy-to-understand manner.
- Govern new reports with controls to ensure consistency and accuracy.
- Engage with technology and data partners to ensure proper data is provided through a well-controlled process.
- Analyze and provide commentary on model-driven risk metrics, including Value-at-Risk, stresses, and resolution planning variants.
- Compile and analyze data required to complete Incremental Risk Charge and Comprehensive Risk Measure for corporate capital metrics.
- Design and implement reporting on risk metrics using large-scale data analysis.
Benefits
- Industry-leading benefits
- Paid time off
- Annual discretionary incentive plan eligibility
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What This Job Offers
Job Type
Full-time
Career Level
Senior
