14 hours
2017-11-212017-12-21

Senior Quantitative Finance Analyst

Bank of America
Charlotte, NC
  • Job Code
    bankofamerica-17050771CharlotteNC
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Company Bank of America

Job Title Senior Quantitative Finance Analyst

Jobid bankofamerica-17050771CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**



Job Description



Enterprise Model Risk Management seeks a Senior Quantitative Analyst to conduct independent testing and review of models used for regulatory and economic capital including credit, market and operational risk. These are high profile modeling areas in the bank, with continual senior management and regulatory focus.

General responsibilities include:



+ Assessing conceptual foundations of a model, model specification, underlying assumptions, limitations, variable selection, underlying data, developmental evidence, documentation.

+ Challenging model assumptions and approach as needed.

+ Proposing and executing model validation tests.

+ Developing code to replicate results and conduct independent testing.

+ Verifying accuracy of model implementation.

+ Assessing quality of model outputs through back testing against realized outcomes, benchmarking against alternative models and other relevant tests.

+ Conducting ongoing model monitoring.

+ Writing thorough technical reports for distribution and presentation to senior management, model developers, audit and bank regulators. Maintaining accurate records in the banks model risk management system



Required skills:



+ Master's degree in Statistics, Mathematics, Finance, Engineering, Physics, Economics or related field.

+ 5-7 years relevant experience

+ Strong knowledge of financial instruments and financial risk management principles.

+ Deep understanding and knowledge of model performance measures.

+ Minimum 2 years of experience in financial risk modeling or validation.

+ Strong programming skills using Matlab, R and/or SAS.

+ Experience in risk management or quant group in a bank, financial institution or vendor.

+ Ability to communicate clearly and effectively.

+ Ability to produce high quality technical documentation.

+ Ability to problem solve



Desired skills:



+ PhD in a quantitative field

+ Experience in computational, engineering or scientific research or development roles.



**Posting Date** : 07/20/2017



**Location** :

Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST,

- United States



**Travel** : Yes, 5% of the time



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



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**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.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.



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Senior Quantitative Finance Analyst

Bank of America
Charlotte, NC

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Senior Quantitative Finance Analyst

Bank of America
Charlotte, NC

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