VP, Quant Strategist, Global Sustainable Finance
New York, New York
Job Description:
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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 role is in the Quantitative Strategies and Data Group ("QSDG"), which leverages models, data, and analytics to develop and deliver impactful solutions to Global Markets.
This particular position is aligned with the Global Sustainable Finance Group ("GSFG") within Global Markets, located in Midtown NYC.
The primary goal of this role is to improve the efficiency of the banker' workflow by leveraging analytics, automation and modern technologies including Generative AI.
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
Key Responsibilities:
Partner with GSFG business, control functions, quants and technology teams on process automation and enhancement initiatives, adoption of modern analytics and technologies.
Integration of data-driven insights to help identify business opportunities, enhance client dialogue and support deal execution.
Identify workflow and process optimization opportunities, onboard / build tools for efficiency improvements, and enhance reporting frameworks.
Lead multiple projects with precision, ensuring timely execution and effective communication with stakeholders.
Skills:
Master's degree or higher in a quantitative field, a financial engineering or expertise in handling large data sets are preferable.
Prior experience working in front office is preferable.
Excellent communication skills with the ability to explain complex issues in an intuitive way.
Ability to navigate shifting priorities and business needs, manage competing deadlines, and thrive in a high-performance environment.
Minimum Education Requirement: Master's degree in related field or equivalent work experience
Shift:
1st shift (United States of America)
Hours Per Week:
40
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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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
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