Quantitative Finance Analyst

Bank of America

New York, NY
Job Code:
Bank of America
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Job Details

Company Bank of America

Job Title Quantitative Finance Analyst

Jobid bankofamerica-16053071NewYorkNY

Location: New York, NY, 10176, USA

Description **Job Description:**

Job Description

This role is responsible for Counterparty Stress Testing including the development and execution of stress scenarios, analysis of stress results and processes to support corporate Enterprise Stress Testing (EST), including annual CCAR.

The stress testing portfolio analyst will support the stress testing portfolio manager on the following activities:

Liaise with partners in Market Risk and Global Stress Testing (GST) team to ensure common understanding of tasks, deliverables, and timelines for EST regulatory routines

Produce analysis on portfolio stress results for EST ensuring accuracy and completeness of stress results. Complete required deliverables for EST submissions, including annual CCAR

Produce analysis for counterparty stress testing results ensuring completeness and accuracy of stress results. Analysis includes identifying key risk drivers, areas of concentration portfolio segmentation by industry, country, rating, etc. and trend analysis over time periods

Perform individual counterparty deep-dive investigation analysis for stress scenario results including detailed trade analysis

Produce management summaries of stress results including executive commentary, identifying risk drivers, issues and supporting charts and tables

Provide explanations of stress results to management and risk partners, as needed

Assess existing stress scenarios for counterparty stress testing framework, develop new stress scenarios based on portfolio concentrartion and calibrate shocks using historical time-series

Develop a broad understanding of the portfolio and review stress results to identify areas of excessive risk in the portfolio; make recommendations for risk mitigation strategies to the stress testing manager, as needed

Collaborate with front-office and risk partners on risk reducing actions, as needed

Coordinate with technology partners on projects to improve the stress testing technology platform

Enterprise Description:

Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products.

Required Job Skills:

1. Experience in risk management

2. Strong analytical and problem-solving skills; capable of analyzing risk exposure profiles and identifying key drivers of the result

3. Strong knowledge of traded products

4. Familiarity with stress testing concepts and practices

5. Excellent interpersonal skills; capable of working collaboratively with diverse teams and being diplomatic in challenging situations

6. Strong presentation skills; capable of presenting stress results to management and in stress testing governance forums

7. Strong organizational skills; good time management, capable under pressure and to responsibly manage to tight deadlines

8. Strong computer skills - MS Office, SQL, Access

Desired Job Skills:

1. 3+ years experience in counterparty credit risk analysis preferred

2. Master degree in a quantitative discipline or finance/economics, preferred, but not required

3. Deep knowledge / subject matter expertise in at least one of these areas: OTC derivatives or Financing/Securities Lending products

4. Experience with stress testing and/or CCAR preferred

5. Experience with Python

**Posting Date** : 01/03/2017

**Location** : US-NY-New York

**Travel** : No

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

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**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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