Vice President; Quantitative Finance Analyst
Jersey City, New Jersey
Job Description:
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 a diverse and 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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
RESPONSIBILITIES :
Develop, document, and maintain risk and/or capital models and handling large datasets.
Handle technical writing and verbal communication with ability to work under pressure and deliver work with tight deadlines.
Work independently, multitasking and prioritizing work, developing and working on new ways of modelling.
Utilize experience in the areas of credit risk modeling, operational risk modelling, loss forecasting, etc.
Engage stakeholders and working with colleagues in other functions (business, risk and model validation).
Apply statistical regressions, time-series analysis, optimization, stochastic calculus, and macroeconomic theory in quantitative forecasting models, complex analysis, and analytics automation.
Utilize Python, R, SQL, VBA, Tableau, and Bloomberg to query datasets, create, develop and maintain quantitative forecasting models and analytical tools, implement complex analyses, and write unit, regression, and integration tests.
Utilize Jira, Bitbucket/Git, CI/CD tools, Jenkins, Ansible Tower, SonarQube, and Agile software development methodologies to handle project deliverables and deliver high quality code for quantitative modelling and analytics.
Apply knowledge of debt securities to assist on the production, analysis and continued enhancement of quantitative modeling, complex financial analytics, stress assumption development and implementation.
Leverage LaTeX to generate technical model reports that describe the model methodology, input data, output results to satisfy stakeholders, internal model risk management teams and government regulators.
Use knowledge in regulatory guidelines of CCAR, DFAST, CECL, ICAAP, and Dodd-Frank Act to understand the regulatory landscape and build quantitative models and analytical tools that are compliant with regulations and address them as completely as required.
Remote work may be permitted within a commutable distance from the worksite.
REQUIRED SKILLS & EXPERIENCE :
Master's degree or equivalent in Statistics, Mathematics, Finance, Financial Engineering, or related; and
2 years of experience in the job offered or a related quantitative occupation.
Must include 2 years of experience in each of the following:
Applying statistical regressions, time-series analysis, optimization, stochastic calculus, and macroeconomic theory in quantitative forecasting models, complex analysis, and analytics automation;
Utilizing Python, R, SQL, VBA, Tableau, and Bloomberg to query datasets, create, develop and maintain quantitative forecasting models and analytical tools, implement complex analyses, and write unit, regression, and integration tests;
Utilizing Jira, Bitbucket/Git, CI/CD tools, Jenkins, Ansible Tower, SonarQube, and Agile software development methodologies to handle project deliverables and deliver high quality code for quantitative modelling and analytics;
Applying knowledge of debt securities to assist on the production, analysis and continued enhancement of quantitative modeling, complex financial analytics, stress assumption development and implementation;
Leveraging LaTeX to generate technical model reports that describe the model methodology, input data, output results to satisfy stakeholders, internal model risk management teams and government regulators; and,
Using knowledge in regulatory guidelines of CCAR, DFAST, CECL, ICAAP, and Dodd-Frank Act to understand the regulatory landscape and build quantitative models and analytical tools that are compliant with regulations and address them as completely as required.
If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.
EMPLOYER : Bank of America N.A.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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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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