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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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Description:This job is responsible for supporting analytical work efforts for various projects within a Line of Business or business discipline. Key responsibilities include leveraging databases to acquire client and performance data, transforming extracted data into meaningful insights and trends, and delivering those insights to leaders to make complex business decisions. Job expectations include working with business partners to understand, coordinate, and deliver agreed upon priorities while communicating complex data outputs and delivering the appropriate summary and data required.The Operations Data Control (ODC) team provides support to various Global Operations LOBS by providing data analysis in order to detect data anomalies. Our goal is to provide an automated-alert, data-anomaly, detection system. This system will utilize various data storage technologies across the bank, perform statistical analysis techniques on subject data, and deliver reports and alerts through BI and email to subject matter experts for potential remediation.Responsibilities:• Supports the extraction of data using a variety of a programming languages, such as SQL, SAS, Python, or Spark/Scala, and applies knowledge of relational and non-relational database systems housed on both on-premise and off-premise (hybrid) platforms• Connects provisioned data across multiple sources and performs necessary transformations utilizing both technical, business, and process knowledge to transform data into meaningful values and insights• Performs quantitative techniques and analysis on customer, transaction, and performance data with the guidance from other analysts and supervisors, based on questions provided by business partners, and provides actionable insights for business partners to make informed decisions.• Follows requirements developed by other analysts and supervisors to perform required research, analytics, and exploration on appropriate and accurate data sources to provide appropriate deliverables• Communicates complex subjects in a simple and engaging manner to non-technical and technical business partners using software such as Power Point, Word, Excel, and Tableau• Assists with conducting quality comparison checks on analysis output and escalates data inconsistencies, gaps, or issues to leadership• Follows quality workflow process and documentation requirements to adhere to standards and provide business continuityRequired Skills:• 4+ years of data prep experience using coding, such as MS SQL, Teradata SQL, Oracle SQL, Impala or Hive.• Designs, develops, and maintains automated data Extract, Transform, and Load (ETL) processes from various database platforms, storing data in ‘Fit for Use’ relational tables.• Designs and builds relational data models to support the development of actionable reports, dashboards, and scorecards.• Ensure accuracy of information; perform validation, quality assurance and timely resolution.• Works collaboratively in a cross-functional team, learns from colleagues, and provides routine updates on calls related to projects.• Strong attention to detail, problem solving, strategic thinking, and analytical skills.Desired Skills:• Strong written, verbal, and presentation communication skills.• Deep understanding on automation; Autosys, Alteryx, etc.• Strong problem solving, conceptual thinking, attention to detail, and sense of urgency.• Ability to manage through ambiguity and agile to process change.• Self-starting, organized, proactive, and requiring minimal management oversight.• Time management, analytical and organizational skills.• Working knowledge of software version control systems such as BIT/GIT Bucket• Experience with BI platforms, i.e. Tableau, MicroStrategy, Alteryx, etc.Shift:1st shift (United States of America)Hours Per Week:40
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What You Should Know About Client Quantitative Analyst I, Bank of America

If you're looking for a rewarding opportunity to kickstart your career as a Client Quantitative Analyst I at Bank of America in Addison, TX, then look no further! In this role, you will be the driving force behind data analytics that influences key business decisions. You'll dive into databases to extract client and performance data, turning them into insightful analyses and trends that help our leaders steer their strategies. Your day-to-day will involve collaborating with various departments, ensuring that deliverables meet the priorities set by the business. Plus, you'll have the chance to apply your coding skills in languages like SQL, Python, and SAS to assist in detecting data anomalies and automating alert systems. What’s more, you’ll be part of a culture that champions diversity and support for your personal well-being, encouraging not just professional growth but also creating connections that matter. Your analytical expertise will shine as you communicate complex data in an engaging manner, making a significant impact on our operations. We value a proactive attitude, attention to detail, and a problem-solving mindset, so if you’re eager to learn and ready to tackle challenges, Bank of America is the perfect place for you to thrive and make a difference in the financial lives of our clients!

Frequently Asked Questions (FAQs) for Client Quantitative Analyst I Role at Bank of America
What are the key responsibilities of a Client Quantitative Analyst I at Bank of America?

As a Client Quantitative Analyst I at Bank of America, your key responsibilities include supporting analytical efforts across various projects, extracting and transforming data from multiple sources, and delivering actionable insights to business partners. You will engage with coding languages like SQL and Python, utilize relational and non-relational databases, and communicate complex data findings in an easy-to-understand manner.

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What qualifications are required for the Client Quantitative Analyst I position at Bank of America?

To be successful as a Client Quantitative Analyst I at Bank of America, you will need at least 4 years of experience in data preparation using coding languages such as SQL. Additionally, strong analytical skills, attention to detail, and the ability to work collaboratively in a team environment are essential qualifications that will support your success in this role.

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How does Bank of America support employee growth in the Client Quantitative Analyst I role?

Bank of America is committed to nurturing employee growth, especially for roles like the Client Quantitative Analyst I. The organization provides ample opportunities for learning and development, encourages cross-functional collaboration, and values diversity among its employees. You'll receive support through mentorship and training programs designed to enhance your skill set and career trajectory.

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What type of projects will a Client Quantitative Analyst I work on at Bank of America?

In the role of Client Quantitative Analyst I at Bank of America, you will engage in a variety of projects ranging from data anomaly detection to performing quantitative analysis on customer and transaction data. You will transform raw data into meaningful insights that guide business decisions, focusing on establishing automated reporting systems to improve efficiency.

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What tools and technologies are commonly used by a Client Quantitative Analyst I at Bank of America?

As a Client Quantitative Analyst I at Bank of America, you will frequently use tools and technologies such as SQL, Python, SAS, and BI platforms like Tableau and Alteryx. Your work will involve designing data models, maintaining ETL processes, and leveraging software for reporting and presentation purposes, all aimed at making data-driven business decisions.

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Common Interview Questions for Client Quantitative Analyst I
Can you explain how you gather and analyze data for important business insights?

In approaching data analysis, I start by identifying the key questions from business partners. I then gather relevant data from multiple sources, ensuring its accuracy and relevance. Using SQL and Python, I perform necessary transformations and apply statistical analysis techniques to derive actionable insights. Finally, I communicate these findings clearly to aid decision-making.

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What programming languages are you proficient in, and how have you used them in your previous roles?

I am proficient in SQL, Python, and SAS, which I've utilized for data extraction and analysis in my previous positions. For instance, I used Python to automate certain data-preparation tasks, greatly reducing manual effort and increasing efficiency, and SQL has been invaluable for querying databases to gather insights.

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How do you ensure the quality and accuracy of your analyses?

To ensure quality and accuracy, I conduct thorough validation checks throughout the analysis process. This includes cross-referencing the data with known metrics, performing quality assurance checks, and adhering to documentation requirements. I also escalate any inconsistencies to leadership for further investigation.

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Describe a time when you had to communicate complex data to non-technical stakeholders.

In a previous role, I was tasked with presenting complex statistical analysis to our marketing team. To communicate effectively, I focused on visual aids like PowerPoint slides using clear graphics and simplified terminology. By structuring my presentation in a narrative format, I made the analysis relatable and actionable for the team.

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How do you manage tight deadlines while ensuring your work is of high quality?

I prioritize tasks by assessing deadlines and the potential impact of the work. I break down complex projects into manageable parts and set interim goals. I also communicate regularly with my team, allowing us to adjust priorities and offer assistance when needed, ensuring that we maintain high quality even under tight timelines.

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Can you give an example of a data anomaly you've detected and how it was resolved?

Once, I detected an unusual spike in customer transactions through our monitoring system. Upon investigation, I found that it was due to a system error in data processing. I escalated the issue to the technical team, and we collaboratively resolved it by refining our data validation processes to prevent future occurrences.

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What strategies do you use to improve your data analysis skills continually?

I regularly engage in professional development by attending workshops and online courses related to data analytics. Additionally, I follow industry best practices through blogs and forums, participate in webinars, and collaborate with colleagues to exchange knowledge. This continuous learning approach helps me stay current with technological advancements.

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Describe your experience with BI tools like Tableau.

I have extensive experience using Tableau for creating interactive dashboards and visual reports. In my last role, I designed multiple dashboards that tracked key performance indicators, allowing stakeholders to visualize data trends effectively and make informed decisions swiftly.

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How do you approach teamwork in cross-functional projects?

I believe effective teamwork is essential for successful cross-functional projects. I focus on open communication, ensuring everyone understands their responsibilities, and actively seek feedback to foster an inclusive environment. Building strong relationships with colleagues from various departments allows us to leverage diverse perspectives to achieve common goals.

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What is your approach to handling ambiguity in data analysis projects?

I tackle ambiguity by breaking down complex problems into manageable segments, clarifying objectives with stakeholders, and exploring various data sources. When faced with uncertainty, I lean on collaboration, discussing potential scenarios with colleagues to devise a strategy that guides our analysis towards meaningful insights.

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Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk ma...

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Full-time, on-site
DATE POSTED
December 16, 2024

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