Vice President; Quantitative Finance Analyst
New York, New York
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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 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.
Responsibilities:
Develop inflation tools and analytics.
Perform end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyze stress scenario results to better understand key drivers.
Support 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.
Work closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.
Perform statistical analysis on large datasets and interpret results using both qualitative and quantitative approaches.
Develop new financial models, analytics and tools to support the linear rates derivatives.
Integrate financial models into Firm systems.
Tactically support risk and pricing activities on the rates trading desks.
Remote work may be permitted within a commutable distance from the worksite.
Required Skills & Experience:
Master's degree or equivalent in Financial Engineering, Statistics, Economics, Finance, or related: and
3 years of experience in the job offered or a related Quantitative occupation.
Must include 3 years of experience in each of the following:
Utilizing current modeling and data science principals including time-series analysis, and machine learning to develop alpha generating trading strategies;
Applying advanced statistical techniques to large financial datasets, integrating both quantitative and qualitative insights into fixed income markets;
Supporting independent model validation and regulation exam activities in accordance with internal policies and alignment with applicable regulatory guidelines, including CCAR/DFAST protocols;
Developing and evaluating quantitative modelling and analytics projects for pricing and risk managing inflation derivatives;
Utilizing Python, including asynchronous programming, @type hinting, structural pattern matching, and data classes to design, implement, and optimize scalable interest rate modeling frameworks that support real-time risk analytics, scenario simulations, and pricing of portfolio of interest rates and inflation derivatives; and,
Using Modern C++, with expertise in concepts, ranges, coroutines, smart pointers, STL, and template metaprogramming to develop high-performance, memory-safe quantitative libraries and interest rate model engines that enable efficient calibration, simulation, and pricing of complex interest rates and inflation derivatives.
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: BofA Securities, Inc.
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 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.
