Job details

Sr. Quantitative Finance Analyst - Non-Registered

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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 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!

Job Description:
This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.

Responsibilities:

Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
Leads and provides 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
Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

Skills:

Critical Thinking
Quantitative Development
Risk Analytics
Risk Modeling
Technical Documentation
Adaptability
Collaboration
Problem Solving
Risk Management
Test Engineering
Data Modeling
Data and Trend Analysis
Process Performance Measurement
Research
Written Communications

Minimum Education Requirement: Master’s degree in related field or equivalent work experience

Required Skills:

5 years of work experience is required.
Basic understanding of economic theory and economic modeling.
Strong interpersonal and decision-making skills.
Strong Collaboration and Team skills.
Demonstrated problem solving skills.
Effective communicator at all levels with strong oral, written & influencing skills.
Integrates seamlessly across complex set of stakeholders, internal partners, external resources.
Aware, flexible, adaptive, and proactive.
Strong organizational and project management skills (Horizon).
Knowledge of Banking and Finance domain and/or experience working with model developers.
Python programming experience, (numerical programming and data wrangling libraries).
Strong troubleshooting and debugging skills in Python.
Understanding code development process steps using SDLC tools: PyCharm & Git.

Shift:

1st shift (United States of America)

Hours Per Week:

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)

Pay and benefits information

Pay range

$125,000.00 - $210,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Average salary estimate

$167500 / YEARLY (est.)

min

max

$125000K

$210000K

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What You Should Know About Sr. Quantitative Finance Analyst - Non-Registered, GHR

As a Sr. Quantitative Finance Analyst - Non-Registered at Bank of America in Charlotte, you will play a pivotal role in shaping financial futures through advanced quantitative analytics and complex modeling. Your journey here involves diving deep into market risk stress testing, where you'll design and implement stress scenarios while generating vital reports that illuminate the key drivers behind the results. Picture this: leading the charge in developing innovative models and analytics processes to align with our bank’s strategy! You'll be at the forefront of identifying continuous improvements and overseeing model development that meets business requirements while adhering to overall risk appetite. If you possess a sharp mind for critical thinking and strong collaboration skills, this is the perfect opportunity for you to shine. You’ll work closely with stakeholders and senior management, providing valuable technical guidance and ensuring a seamless integration of your models into our systems. Your education and experience will come into play as you conduct statistical analyses on large datasets, combining qualitative insights with quantitative precision. Joining Bank of America means becoming part of a diverse and inclusive culture, with opportunities to learn, grow, and truly make a difference in the financial world. So, are you ready to take your career to the next level with a company that honors its commitment to Responsible Growth? Come join us, and let’s create positive change together!

Frequently Asked Questions (FAQs) for Sr. Quantitative Finance Analyst - Non-Registered Role at GHR

What are the key responsibilities of a Sr. Quantitative Finance Analyst - Non-Registered at Bank of America?

As a Sr. Quantitative Finance Analyst - Non-Registered at Bank of America, your main responsibilities include conducting quantitative analytics, leading the development of new models, and handling complex modeling projects. You will perform end-to-end market risk stress testing, lead planning for quantitative work priorities, and provide oversight for model development and risk management. Additionally, you'll collaborate with stakeholders, perform statistical analyses, and deliver insightful reports that contribute to our business strategies.