Sr. Quantitative Finance Manager

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!

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  Directs a quantitative team with model coverage of specified focus areas and oversees stakeholder engagement, including team effort in preparation for audit and regulatory exams

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  Sets 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, while providing oversight to managers on reviews

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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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  Coordinates team projects, while managing and providing guidance to senior level staff on areas of expertise

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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 especially the IR option pricing models

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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 IBOR/SOFR/ESTER/FRTB

• Business Acumen

• Critical Thinking

• Project Management

• Regulatory Relations

• Talent Development

• Policies, Procedures, and Guidelines Management

• Risk Management

• Stakeholder Management

• Strategic Thinking

• Technical Documentation

• Drives Engagement

• Inclusive Leadership

• Risk Analytics

• Risk Modeling

• Written Communications