1 day old

Sr Quantitative Finance Analyst

Bank of America
Chicago, IL
  • Job Code
Company Bank of America

Job Title Sr Quantitative Finance Analyst

Jobid bankofamerica-18009533ChicagoIL

Location: Chicago, IL, 60664, USA

Description **Job Description:**

Bank of America has an opportunity for a Quantitative Analyst for our Global Risk Analytics’ (GRA’s) Quantitative Projects (QP) function. The GRA team provides quantitative capabilities supporting global risk management and capital management and develops a consistent set of risk and capital models and analytical tools that drive the company’s technology infrastructure.

QP function partners with GRA teams to develop and deliver modelling solutions and analytical tools in order to address MRA/MRIA requirements; provides quantitative expertise for a broad range of modelling areas across the Enterprise; builds and maintains the analytics infrastructure which supports GRA’s modelling library; develops robust back-testing frameworks.

The role will involve the development and enhancement of capital and loss forecasting models within the bank, with a particular focus on the Federal Reserve Comprehensive Capital Analysis and Revuew (CCAR). This is a high-profile area and presents a challenging and intellectually stimulating role in a dynamic team that is used to delivering in a timely manner to many different constituents of the bank.

**WHAT WILL I BE DOING? (Responsibilities)**

As a Quantitative Finance Analyst your main responsibilities will involve:

+ Developing and implementing new models or enhance existing models

+ Maintaining & developing loss forecasting and capital models

+ Seeking out work and enhancing current models/processes

+ Producing clear and coherent technical documentation for internal and regulatory purposes


+ Qualified to MSc or PhD level in a numerical discipline (e.g. Statistics, Mathematics, Physics or Engineering)

+ Experience in developing, documenting & maintaining numerical models for purposes of loss forecasting or calculating capital requirements

+ Demonstrates attention to detail

+ Proven ability to communicate complex technical concepts clearly


+ Technical skills: Statistics, Probability Theory, Econometrics

+ IT skills: Prior experience of using statistical modeling tolls (e.g. SAS, R) and development experience in either C++ or Python

+ Documentation: Ability to clearly document quantitative models and evidence technical modeling choices

+ Data analysis and interpretation. Experience of interpreting and manipulating large financial data sets

**Nice to have**

+ Practical experience of quantitative model documentation using of LaTex or similar mathematical typesetting packages

+ Working knowledge of credit products including loans, bonds and credit derivatives

**Posting Date** : 02/20/2018

**Location** :

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


- United States

**Travel** : Yes, 15% 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.


Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Sr Quantitative Finance Analyst

Bank of America
Chicago, IL

Share this job

Sr Quantitative Finance Analyst

Bank of America
Chicago, IL

Separate email addresses with commas

Enter valid email address for sender.

Join us to start saving your Favorite Jobs!

Sign In Create Account
th -
Overall Rating: /199
Median Salary:

Work Environment
Powered ByCareerCast