Senior Quantitative Finance Analyst - Wilmington, DE

Bank of America


Location:
Wilmington, DE
Date:
08/17/2017
2017-08-172017-09-16
Job Code:
bankofamerica-17025598WilmingtonDE
Bank of America
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Job Details

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Company Bank of America

Job Title Senior Quantitative Finance Analyst - Wilmington, DE

Jobid bankofamerica-17025598WilmingtonDE

Location: Wilmington, DE, 19806, USA

Description **Job Description:**



**Job 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 excellentquantitative/analyticskills and a broad knowledge of financial markets and products.



Enterprise Model Risk Management seeks a quantitative analyst to conduct independent testing and review of models used for revenue and loss forecasting. 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 bank’s model risk management system



**Required skills:**



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

+ Solid knowledge of linear regression, time series model and logistic regression.

+ Deep understanding and knowledge of model performance measures.

+ Basic knowledge in financial risk modeling or validation.

+ Strong programming ability using SAS, R, Matlab and SQL.

+ Ability to communicate clearly and effectively.

+ Ability to produce high quality technical documentation. 



**Desired skills:**



+ Ph.D. degree in Economics, Statistics, Mathematics, Finance, Engineering, Physics or related field.

+ Knowledge of financial instruments and financial risk management principles.

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

+ Knowledge of machine learning, linear/non-linear regression or differential equations.

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

+ Programming experience using Python, C/C++ or Java.



**Posting Date** : 04/13/2017



**Location** : US-DE-Wilmington



**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**



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