Assistant Vice President; Quantitative Finance Analyst

Bank of America, N.A. • Jersey City, NJ • 1h ago

DUTIES: Apply quantitative methods to develop new granular capabilities that meet risk management, line of business, and regulatory requirements. Articulate the overall holistic picture of model performance, with clear conclusions regarding accuracy and remediation areas as required. Identify and apply new statistical and econometric techniques to support enhanced granularity of risk management capabilities via elevated intellectual curiosity with an acute sense of innovation. Articulate clearly to senior stakeholders quantitative solutions that are designed to drive the business forward by addressing critical business problems. Communicate model results to model stakeholders, including risk management, model development, model risk, senior management, and regulators. Perform in-depth analysis on the Bank's risk model results using various quantitative tools such as back testing, benchmarking, and sensitivity analysis. Develop and analyze statistical models such as linear regression, auto regression, or logistic regression to assess model diagnostics and model performance. Generate statistical analysis to support stress testing, credit risk management, and regulatory examinations. Create model documentation describing model development and testing to enable independent model validation. Conduct quantitative analysis on inputs and outputs for econometric models used in stress-testing.REQUIREMENTS: Master's degree or equivalent in Finance, Statistics, Mathematics, Applied Statistics, 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: Analyzing and evaluating large and complex economic and financial datasets with analytical tools of Python, SQL and R; Using big data technologies of SQL to handle large volumes of data produced by complex financial forecasting models; Performing quantitative modeling by utilizing advanced quantitative techniques and tools of statistical analysis, predictive modeling, linear regressions, and Machine Learning; Utilizing Python and SQL to conduct data analysis, estimate model coefficients, and aggregate the model results to generate comprehensive model outputs; and Producing technical reports of publication quality with academic rigor and comprehensive risk coverage to support internal reviews and assess with stakeholders.Req. # 25049405. Job Site: Jersey City, NJ. 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. No phone calls. EOE.

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