CFO - Corporate Investment Quantitative Finance Analyst (Product Data Analysis)
Charlotte, North Carolina
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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 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, incorporating quantitative problem-solving skills, professional judgement and core subject matter expertise regarding financial market drivers and products. Key responsibilities include developing new models, analytic processes and systems approaches. Job expectations include coding, scripting, implementations, and statistical and econometric modeling.
Responsibilities:
Applies quantitative methods that include, but are not limited to, econometric and statistical forecasting models
Provides quantitative models and analytical support for decision making and risk measurement
Develops models for deployment on the Quantitative Finance Analytical Platform, a proprietary platform for advanced computational needs within Corporate Treasury
Maintains an analytical computing platform spanning multiple geographical locations and including thousands of computer cores, leveraging Linux technology and C+- Writes production code, researching, designing, delivering and implementing quickly and accurately on a shared platform
The Quantitative Finance Spot Position team owns and manages the data that feeds the starting point of Balance Sheet Management's (BSM) Net Interest Income (NII) and Interest Rate Risk (IRR) forecasts, also known as the Current Position process (CP). The responsibilities of a Data Analyst in this team include:
Ensuring the accuracy and timeliness the data that supports the Current Position (CP) monthly and daily processes for BSM.
Research and remediate issues and questions associated with sourcing and transformation of said data.
Be a subject matter expert in the logic used to map, translate, aggregate and filter the source data that is compiled to final end point data (Spot Position)
Provide guidance to end users on how data will flow into results and how to query/research balances and trends. Be a resource in guiding change (new products or alterations in logic)
Drive the delivery of enhancements to data outputs:
Partner closely with end users to understand and document requirements of change
Translate those changes to means that can be used by technology developers to update code base to make the change(s) requested. Partnering with technology developers to ensure requirements are translated appropriately and setting timelines for delivery
-Manage internal and end user testing of changes and collecting sign off documentation.
Partner across user base to ensure all appropriate parties are aware of or have reviewed changes.
Keeping Software Development Life Cycle tracking tickets up to date with requirements, testing evidence and sign offs
Manage Risk Responsibly:
Monitor/research and improve data qualitychecks/recons/processes
Manage priority queue to ensure timelines are met
Skills:
Analytical Thinking
Application Development
Automation
Solution Design
Business Intelligence
Data Modeling
Financial Management
Solution Delivery Process
Technical Strategy Development
Business Analytics
Critical Thinking
Financial Analysis
Innovative Thinking
Problem Solving
Required Qualifications:
Minimum 4 years of relevant professional experience
Strong desire to learn and use technology for purpose of driving impactful change
Ability to work well in a cooperative, time-sensitive, results-driven environment
Ability to manage multiple priorities with minimal supervision
Proficiency in database querying tools (example: Toad for Oracle, Toad Data Point, SQL Server)
Needs to be comfortable using functions such as COUNTS, SUMS, JOINS, Case statements
Proficiency in Microsoft Office products, specifically Excel
Need to be comfortable using these functions: COUNT, COUNTIF, COUNTIFS, SUM, SUMIF, SUMIFS, VLOOKUP, HLOOKUP, IF, MAX, MIN, AVERAGE. As well as Pivot tables and using Excel to compare data sets and conducting trend analysis
Functional understanding of ETL (Exchange, Transfer, Load) software processes and Software Development Lifecycle processes
Experience managing data processes
Validating and reconciling data - Identifying, researching and resolving exceptions
Generating trend analysis and exception analysis (i.e. understand filtering/logical processes, such as CASE statements)
Track record of delivering improvements to processes
Experience delivering multiple projects concurrently
Desired Qualifications:
Bachelor's degree in Accounting, Finance, Economics or related field
Experience delivering change using Software Development Lifecycle processes
Familiarity with Agile software delivery methodologies
Strong written and verbal communication skills
Collaborative - experience bringing together people/groups to solve complex issues or drive change
Banking/Capital markets experience or technology project management experience preferred.
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.
To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
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.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
