Quantitative Finance Analyst

Bank of America•Charlotte, NC

1d•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. The company is committed to being a Great Place to Work, fostering an inclusive workplace, attracting and developing talent, supporting physical, emotional, and financial wellness, recognizing performance, and making a community impact. Bank of America maintains an in-office culture with specific attendance requirements, while also offering an appropriate level of 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. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and collaborating with Technology staff in the design of systems to run developed models. A broad knowledge of financial markets and products is expected.

Requirements

Broad knowledge of financial markets and products
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

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