VP, Quant Analyst - Central Modelling Solutions Team

Bank of America • New York, NY

3d • $200,000 - $225,000 • Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: This job 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 working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products. The Central Modelling Solution Quantitative Strategies Data Group (CMS QSDG) is looking for one new hire, up to VP level in NY, to support expanded deliverables to the XVA trading desks. The role includes model design and development implemented in Python and C++, as well as applications to support day-to-day trading activities and regulatory requirements. The role spans across multiple asset classes (including Equity, Credit, IR, FX and Mortgages). Although the candidates are not expected to have in depth knowledge across all of these, it is beneficial if they possess some familiarity and modelling knowledge for at least some of these areas. The role requires strong skills in both programming and financial modelling. Excellent communication skills, both verbal and written, are also expected. Role Description: Global team providing solutions across lines of business and asset classes. Detailed design & development of front office pricing, automated hedging, optimization and machine learning models. Opportunities to work on a variety of complex applications. Working entirely in Front Office alongside quant colleagues & traders. Support traders, research strategies and regulatory requirements to a large degree.

Requirements

• relevant work experience, OR Masters or PhD-level in a STEM field is preferred
• Excellent mathematical skills including a strong grasp of option pricing, stochastic calculus, probability, statistics and numerical analysis.
• Excellent programming skills in python and, ideally, C++ (or C#).
• Excellent communication skills, including the ability to write clear technical documents.

Nice To Haves

• Work experience within a relevant quant/finance field is a plus.
• familiarity and modelling knowledge for at least some of these areas (Equity, Credit, IR, FX and Mortgages)

Responsibilities

• conducting quantitative analytics and modeling projects for specific business units or risk types
• developing new models, analytic processes, or systems approaches
• creating technical documentation for related activities
• working with Technology staff in the design of systems to run models developed
• model design and development implemented in Python and C++
• applications to support day-to-day trading activities and regulatory requirements
• detailed design & development of front office pricing, automated hedging, optimization and machine learning models
• support traders, research strategies and regulatory requirements to a large degree

Benefits

• This role is eligible to participate in the annual discretionary plan. Employees are eligible for an 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.
• This role is currently benefits eligible.
• We provide 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.

What This Job Offers

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