Bank of America is looking to solve problems related to quantitative analytics and modeling for specific business units or risk types. This includes developing new models, analytic processes, and systems approaches, as well as ensuring effective risk management and compliance with regulatory requirements.
Requirements
- Experience applying quantitative methods such as modelling, data analytics, machine learning, and statistics to develop business solutions
- Experience with large scale data sets with structured or unstructured data
- Strong Programming skills (e.g., Python) and solid understanding of Software Development Life cycle principles
- 5 +years of relevant experience in software engineering in Quantitative Finance or other industries
- Experience in building user facing applications over large amounts of data using technologies like React, Angular, JavaScript etc.
- Experience implementing process improvements and automation
- Understanding financial data: schemas, flow, size, data issues, data controls, etc.
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
- Applying quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements
- Building performant big data pipelines
- Use programming skills and knowledge of software development lifecycle principles to deliver high quality code for model and testing processes
- Design and develop and implement models and tests
Other
- Being a Great Place to Work is core to how we drive Responsible Growth.
- Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
- The candidate must be a strong communicator and able to effectively explain the rationale and details of the methodologies to a broad set of audiences that include key senior stakeholders across the Bank, as well as auditors and regulators
- Strong analytical and problem-solving skills
- Master’s degree in related field or equivalent work experience
