7 hours
2018-05-242018-06-23

Quantitative Finance Analyst

Bank of America
Charlotte, NC
  • Job Code
    bankofamerica-18008407CharlotteNC
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Company Bank of America

Job Title Quantitative Finance Analyst

Jobid bankofamerica-18008407CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**



Enterprise Model Risk Management seeks a quantitative finance analyst to conduct independent testing and review of complex consumer credit risk models with multiple uses, including CCAR credit loss forecasting and Basel regulatory capital. These are high profile modeling areas in the bank, with continual senior management and regulatory focus.



The qualified candidate will be responsible for a broad range of model validation activities, including:



+ Review, critical assessment and challenge of models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation and documentation;

+ Development and implementation of testing plans and testing code in order to challenge models through empirical analyses and to verify model implementation;

+ Review and critical assessment of ongoing model monitoring activities;

+ Writing of technical reports for distribution and presentation to model developers, senior management, and audit and banking regulators.



Qualifications



+ PhD or Master's degree in Statistics, Economics, Mathematics, Finance, Engineering or Physics

+ Master’s degree with 2 + years of relevant experience in financial risk modeling or validation

+ Experience with cross-sectional and time-series econometrics

+ Knowledge of model performance measures

+ Extensive programming experience using SAS, R and/or MATLAB

+ Experience working with large datasets

+ Knowledge of financial instruments and financial risk management principles

+ Ability to communicate clearly and effectively

+ Ability to produce high quality technical documentation



**Posting Date** : 02/12/2018



**Location** :

Chicago, IL, 135 S LA SALLE ST (IL4135),

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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Quantitative Finance Analyst

Bank of America
Charlotte, NC

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Bank of America
Charlotte, NC

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