Vice President; Quantitative Finance Analyst

Job Description:

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Responsibilities

• Apply quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements.
• Maintain and continuously enhance capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks.
• Understand and execute activities that form the end-to-end model development and use life cycle.
• Clearly document and effectively communicate quantitative methods as part of ongoing engagement with key stakeholders, including the lines of business, risk managers, model validation, technology.
• Perform 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.
• Support the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization.
• Identify 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.
• Support model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite.
• Analyze and evaluate large and complex economic and financial datasets with analytical tools of Python, SQL and R.
• Use data technologies of SQL to handle large volumes of data produced by complex financial forecasting models.
• Perform quantitative modeling by utilizing advanced quantitative techniques and tools of statistical analysis, predictive modeling, linear regression, time series analysis, and machine learning.
• Utilize Python and SQL to conduct data analysis, estimate model coefficients, and aggregate the model results to generate comprehensive model outputs.
• Utilize Latex to produce technical reports of publication quality with academic rigor and comprehensive risk coverage to support internal reviews and assess with stakeholders.
• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience

• Analyzing and evaluating large and complex economic and financial datasets with analytical tools of Python, SQL and R;
• Using data technologies of SQL to handle large volumes of data produced by complex financial forecasting models;
• Performing quantitative modeling by utilizing advanced quantitative techniques and tools of statistical analysis, predictive modeling, linear regression, time series analysis, and machine learning;
• Utilizing Python and SQL to conduct data analysis, estimate model coefficients, and aggregate the model results to generate comprehensive model outputs; and,
• Utilizing Latex to produce technical reports of publication quality with academic rigor and comprehensive risk coverage to support internal reviews and assess with stakeholders.
• 10% domestic travel required, as necessary.
• Master's degree or equivalent in Finance, Statistics, Mathematics, Financial Mathematics, or related: and
• 2 years of experience in the job offered or a related Quantitative occupation.
• Must include 2 years of experience in each of the following:

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

EMPLOYER:  Bank of America N.A.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency Details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)Pay and benefits informationPay range$140,000.00 - $153,300.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, 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.