Bank of America Looking for Quantitative Finance Analyst at New York, NY Full Time

Quantitative Finance Analyst

Jersey City, New Jersey;New York, New York

Job Description:

Responsibilities in Role:

• Developing market risk models and utilizing quantitative and analytical skills with a broad knowledge of statistics, time series analysis, financial markets and financial products to perform business critical risk assessment.

• A thorough understanding of the key risk drivers at product, business and firm-wide levels is required. The individual works with Line of Business Risk Managers to provide quantitative risk implications of regulatory changes, new product development etc. and enhances market risk models to reflect changes in the business environment.

• Working closely with the Market Risk Methodology, Line of Business Risk Managers and Technology teams, the individual provides functional business specifications and support for the systems implementation, testing and rollout of VaR/S-VaR and stress market risk models. With a good working knowledge of market data infrastructure, data flows and market risk models, the individual plays a key role in the business design and risk system requirements, ensuring the completeness and accuracy of all market risk models

• Independently conducting quantitative advanced statistical analytics and risk model analysis projects with the goal of improving the risk management function for the Firm.

• Creating methodological documentation in order to provide internal Model Risk Management, Internal and External Audit and External Regulators with the necessarily materials for comprehensive review and challenge.

• Working with other groups outside of Risk Management, including Reporting, and Enterprise Stress Testing to ensure accurate risk measurement and timely delivery of critical projects for the Firm.

• Ensuring the completeness, validity, and accuracy of market data on a daily basis. Working with other business market data users across the Firm to define the consistent use of market risk data within a variety of risk systems, including VaR/S-VaR and FDSF stress testing.

Required Skills:

• Master degree or equivalent with emphasis in finance or quantitative disciplines (progress toward CFA or FRM professional designation is a plus) required.

• A thorough understanding of advanced statistical methodologies and time series analysis is required.

• A broad knowledge across financial products and asset classes and a understanding of Value at Risk (VaR) and its use in the risk management area.

• Advanced desktop technology skills including Excel and PowerPoint is essential (Bloomberg and SQL skills are a plus).

• Excellent verbal and written communication skills, including well-developed presentation skills,

• Experience in computer programming, VBA, SQL, Python.

• Master’s degree in Quantitative Finance/Financial Engineering

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Responsibilities in Role:

• Developing market risk models and utilizing quantitative and analytical skills with a broad knowledge of statistics, time series analysis, financial markets and financial products to perform business critical risk assessment.

• A thorough understanding of the key risk drivers at product, business and firm-wide levels is required. The individual works with Line of Business Risk Managers to provide quantitative risk implications of regulatory changes, new product development etc. and enhances market risk models to reflect changes in the business environment.

• Working closely with the Market Risk Methodology, Line of Business Risk Managers and Technology teams, the individual provides functional business specifications and support for the systems implementation, testing and rollout of VaR/S-VaR and stress market risk models. With a good working knowledge of market data infrastructure, data flows and market risk models, the individual plays a key role in the business design and risk system requirements, ensuring the completeness and accuracy of all market risk models

• Independently conducting quantitative advanced statistical analytics and risk model analysis projects with the goal of improving the risk management function for the Firm.

• Creating methodological documentation in order to provide internal Model Risk Management, Internal and External Audit and External Regulators with the necessarily materials for comprehensive review and challenge.

• Working with other groups outside of Risk Management, including Reporting, and Enterprise Stress Testing to ensure accurate risk measurement and timely delivery of critical projects for the Firm.

• Ensuring the completeness, validity, and accuracy of market data on a daily basis. Working with other business market data users across the Firm to define the consistent use of market risk data within a variety of risk systems, including VaR/S-VaR and FDSF stress testing.

Required Skills:

• Master degree or equivalent with emphasis in finance or quantitative disciplines (progress toward CFA or FRM professional designation is a plus) required.

• A thorough understanding of advanced statistical methodologies and time series analysis is required.

• A broad knowledge across financial products and asset classes and a understanding of Value at Risk (VaR) and its use in the risk management area.

• Advanced desktop technology skills including Excel and PowerPoint is essential (Bloomberg and SQL skills are a plus).

• Excellent verbal and written communication skills, including well-developed presentation skills,

• Experience in computer programming, VBA, SQL, Python.

• Master’s degree in Quantitative Finance/Financial Engineering

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-22088608

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Maida Salihovic

Referral Bonus:

0

Jersey City pay and benefits information

Jersey City pay range:

$80,000 – $130,000

annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible . We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the “EEO is the Law” poster, CLICK HERE (~~~) .

To view the “EEO is the Law” Supplement, CLICK HERE (~~~) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .