Bank of America seeks to solve the business problem of accurately forecasting and analyzing the bank's balance sheets, Net Interest Income (NII), Funds Transfer Pricing (FTP), and interest rate risk sensitivity to support strategic decision-making and regulatory compliance.
Requirements
- Minimum 2 years of experience in data analytics with emphasis on design, testing, and implementation of calculations related to net interest income, cash flows, or risk analytics
- Finance/Accounting knowledge – experience in balance sheet management, forecasting, or other Corporate Treasury functions
- Understanding of financial market dynamics, interest rates, accounting, and financial products
- Proficient in MS Office tools, especially Microsoft Excel & SQL skills
- Experience analyzing fixed income securities, interest rate derivatives
- Technical Business Analyst skills (SQL, VBA, Python)
- Prior experience with Model Risk Management
Responsibilities
- Applies quantitative methods that include, but are not limited to, econometric and statistical forecasting models
- Provides quantitative models and analytical support for decision making and risk measurement
- Develops models for deployment on the Quantitative Finance Analytical Platform, a proprietary platform for advanced computational needs within Corporate Treasury
- Maintains an analytical computing platform spanning multiple geographical locations and including thousands of computer cores, leveraging Linux technology and C++
- Writes production code, researching, designing, delivering and implementing quickly and accurately on a shared platform
- Delivers forecast analysis and reporting with accuracy, presenting results to senior management
- Applies subject matter expertise of the key drivers of the Line of Business, Product balance sheet and Net Interest Income (NII) forecasts, Funds Transfer Pricing (FTP), and FDIC expenses, challenging the forecast and highlighting potential risks
Other
- Minimum Education Requirement: Bachelor's degree Finance, Business, or Computer Science
- Ability to manage multiple priorities in a time sensitive environment
- Ability to work across multiple teams in a collaborative environment
- 1st shift (United States of America)
- Hours Per Week: 40
