Assistant Vice President; Quantitative Finance Analyst
About The Position
Bank of America is seeking a Quantitative Finance Analyst to develop and govern risk reporting, analyze model-driven risk metrics, and deliver regulatory, capital, and management reports. The role analyzes measures such as Value-at-Risk, stress scenarios, and resolution planning variants; compiles data for Incremental Risk Charge and Comprehensive Risk Measure corporate capital metrics; and designs reporting using large-scale data analysis. The analyst works with technology and data partners to ensure data is provided through a controlled process and presents large-scale information in a clear, executive-friendly format. Remote work may be permitted within a commutable distance from the worksite. The position is based at 525 Washington Blvd, Jersey City, New Jersey, with a first shift schedule of 40 hours per week.
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 to ensure completeness and accuracy, including process design, activity 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 appropriate 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
- Paid time off
- Industry-leading benefits
- Annual discretionary incentive plan eligibility
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What This Job Offers
Job Type
Full-time
Career Level
Senior
