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!

Team Overview

Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective Risk and Capital measurement, management and reporting across Bank of America. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. The team drives innovation, process improvement and automation across all of these activities.

Enterprise Independent Testing (EIT) is the centralized, independent testing function within GRM focused on operating as an enterprise utility to test processes and controls that require testing across the company. EIT’s testing provides business leaders visibility of their process and control effectiveness, which enables early risk detection and the mitigation of operational risk. As a center of excellence, EIT conducts independent testing throughout the year globally, providing ongoing feedback to monitor and improve processes. EIT tests processes and controls on behalf of the Second Line of Defense, Front Line Units (FLUs) and Control Functions (CFs), enabling more efficient and effective testing.

Job Description Details:

• Spearhead critical change initiatives and deliver measurable outcomes that transform the organization
• Drive out re-engineering of business processes
• Conduct process analysis for designing target state solutions.
• Identify opportunities for operational excellence and automation, driving a culture of innovation and efficiency
• Ensure strong project management discipline in place from initiation through delivery and closure.
• Building strong relationship with, and influence, project stakeholders.
• Define, plan, and deliver high-impact change projects, ensuring seamless transitions and maximizing long-term benefits

Responsibilities:

• Strong analytical, planning, problem-solving, and organizational skills.
• Proactively identifying risks and drive out resolution.
• Comfortable working in a very fast-paced environment with changing priorities.
• Demonstrated ability to drive action, sustain momentum and deliver under deadlines
• Results Driven - Ability to work independently, draw meaningful conclusions and develop recommendations. Detail oriented and proactive in every approach. Exhibits a “can-do” attitude. Dedicated work ethic to deliver high standards of excellence
• Communicates and Influences - Possess excellent verbal and written communications skills including ability to clearly present results and ideas across multiple levels of management. Strong interpersonal & communication skills with ability and desire to build networks and work across multiple functions
• Interpersonal Effectiveness - Actively develops and manages relationships across the division and with a wide variety of partners based on trust, teamwork and knowledge.
• Advanced proficiency with Microsoft suite

Required Education & Experience:

• 5+ years of financial services experience, preferably within Risk Management, or analytics.
• Master’s degree in in related field or equivalent work experience

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), US - NJ - Pennington - 1600 American Blvd - Hopewell Bldg 6 (NJ2600)Pay and benefits informationPay range$89,800.00 - $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.