Bank of America is looking to solve business and technical problems related to quantitative analytics and modeling for specific business units or risk types. This includes developing new models, analytic processes, and systems, as well as providing insights into decision-making processes by quantifying risks to support business strategy and achieve responsible growth.
Requirements
- Must be an expert in MS Excel, experience working with statistical packages and/or programming experience preferred
- Some knowledge of Tableau, SQL, Python.
- Good understanding of current US regulatory environment
- Ability to identify key industry drivers, excellent quantitative skills and judgment in the field of research.
- Strong economic and financial skills and a keen interest in markets, economics, and worldwide current events
- Progress toward (or completion of) CFA a plus.
Responsibilities
- 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 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
- Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches
- Applying quantitative methods and business/economic expertise to develop model overlays that meet risk management, line of business, and regulatory requirements
- Monitoring current and emerging risks to wholesale clients (e.g. rising interest rates, persistent inflation, etc.) and considering impact on the wholesale portfolio and forecasts
- Analyzing and communicating model results to model stakeholders, including enterprise credit and credit risk, allowance, model development, model risk, senior management, and regulators
Other
- Masters' degree in Finance, Accounting, Economics, Business, or related field. Alternatively, a bachelor’s degree in a technical field (i.e: engineering, computer science, mathematics, statistics, etc.) and a demonstrated interest in finance and markets.
- The candidate must be able to thrive in a fast-paced and intense environment, be intellectually curious about drivers of the economy, industry & company performance and consumer behavior
- Strong writing and spreadsheet skills
- Must have excellent communication skills, written and verbal
- Must have strong attention to detail, ability to multi-task
- Must work well in a collaborative team environment and be exceptionally driven
- Minimum Education Requirement: Master’s degree in related field or equivalent work experience
