VP, AI Quantitative 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!

 

Job Description:
This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Due to the emergence of Generative AI, we are looking for a quant analyst to join our new, dedicated AI team within Global Markets. The team is responsive for creating, driving and implementing technologies related to Large Language Models (LLMs) and their variants. This high-profile role will interface with the wider global quant team, as well as senior representatives from the business.

This is a new and rapidly growing global team. Its vision is to provide the models, tools, and technology for the rest of the firm’s technical talent to revolutionize Bank of America. The team is extremely high profile: daily contact with head quants, and updates weekly to the head of platform and business co-presidents.

Responsibilities:

• Implementing Generative AI technologies in Global Markets and the wider firm.
• Researching and testing new models/methods.
• Creating new ideas for sales and trading.
• Interface between the global quant team, technology and senior business.
• Educate sales, trading and clients on the new technology.

Skills:

• Extremely strong technical skills, including statistics, AI, and python programming.
• Experience with machine learning, LLMs, and agents.
• Experience with quant finance and financial markets.
• Curiosity into the latest research and cutting-edge AI/programming packages.
• Creativity. I.e., the potential to come up with novel ideas (for the business or publication).

• Ability to communicate technical topics to a non-technical audience.

Minimum Education Requirement: Master’s degree in related field or equivalent work experience

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$200,000.00 - $225,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.