Sr. 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.

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  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

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  Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization

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  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

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  Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite

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  Leads and provides 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

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  Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes

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  Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

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  PhD (preferred) or master’s degree in quantitative fields such as financial engineering, mathematics, statistics, physics, computer science, or equivalent

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  Solid 5+ years of work experience in developing FO pricing models or market risk models

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  Advanced programming skills in Python with 5+ years of experience

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  Solid understanding of derivatives pricing

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  In depth understanding of Value at Risk and statistical estimation methods

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  Strong communication (both written and verbal) and collaboration skills (this project involves communicating with various groups within the firm) 

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  Effective thinking skill to be able to independently and proactively identify/suggest/resolve issues 

• Work experience in FRTB

• Experience in large scale model platform implementation in collaboration with other teams

• Strong Operational Excellence mindset

• Effective organizational skill.

• Critical Thinking

• Quantitative Development

• Risk Analytics

• Risk Modeling

• Technical Documentation

• Adaptability

• Collaboration

• Problem Solving

• Risk Management

• Test Engineering

• Data Modeling

• Data and Trend Analysis

• Process Performance Measurement

• Research

• Written Communications