Quantitative Finance Analyst

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

• →Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
• →Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
• →Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
• →Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
• →Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
• →Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
• →Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches
• →Provide domain expertise for Strategic Risk Initiatives, Risk Management, GRA , Regulators (MRA/MRIA), Audit , MRM, QSG and MRT/FO technology, providing requirements, system design and adoption testing support.
• →Design of strategic systems for Full Revaluation Risk, Reference Data, Market Data and adoption of Firm wide strategic projects across the Market Risk and Counterparty Risk domains.
• →Provide coherent, sustainable solutions to support Market Risk and Counterparty Risk, through updating and maintaining existing risk systems. Assist with new Regulatory requirements and build/improve processes to a point that they can be handed over to the appropriate team for on-going production (EST, Internal/External Reporting, GBS).
• →Provide a “One Stop Shop” for Risk Managers, GRA, external teams for Market Risk model and systems suppor

• 2-3 years of experience in the Risk/Finance or related discipline.
• Degree in Statistics, Mathematics, Computer Science, Information Systems, Physics or a related quantitative field.
• Proven experience in a related quantitative occupation.
• Experience working with tools like Python, Excel, and SQL scripting.
• Strong documentation skills.

• Excellent analytical and problem-solving skills.
• Ability to work independently and as part of a team.
• Strong communication and interpersonal skills.
• Knowledge of financial markets and risk management concepts.