Quantitative Finance Analyst

Quantitative Finance Analyst

Chicago, Illinois;

Jersey City, New Jersey;
Charlotte, North Carolina;
Atlanta, Georgia

** To proceed with your application, you must be at least 18 years of age.*
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** Bank of America employees are required to meet all*
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* ** prior to applying for any new position.*
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** To proceed with your application, you must be at least 18 years of age.*
* Acknowledge ( )

** Bank of America employees are required to meet all*
* ** posting eligibility requirements*
* ** prior to applying for any new position.*
* Acknowledge ( )

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* Job Description:

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* 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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.  

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce  and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.  Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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* Job Description:

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* Bank of America Merrill Lynch has an opportunity for a Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM), responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across the bank. GRA is also responsible for model implementation, execution, forecasting and performance monitoring.

The team drives innovation, process improvement and automation across these activities.

The position is part of SERA's model development team, responsible for the creation and maintenance of models to produce risk ratings, behavior scores, forecasts, attributions and sensitivities for multiple use cases.  The team follows the MDLC and validation is completed through partnership with MRM Model developers create best in class models and  possess the skills needed to understand and evaluate data.

They develop next-generational quantitative models and tools to support credit risk management and underwriting. As such, they are able to conduct produce professional research, transition conceptual frameworks into programming logic and communicate complex statistical, mathematical and financial topics to a wide range of audiences. A variety of quantitative and qualitative skills are required for these tasks. Models are developed utilizing multiple tools including Python, SQL, SAS, Hadoop and others.

Typical techniques include data analysis, statistical regression analysis, Simulation, Cross-Section analysis, Stochastic analysis and Time-Series Analysis.

As a Quantitative Finance Analyst within the team, the main responsibilities will involve:

+ Development of wholesale credit risk models including loss forecasting, commercial scorecards, behavioral score, regulatory capital models.

+ Executing in-depth analysis of wholesale credit performance and financial data.

+ Preparing white papers for developed models.

+ Interacting with internal model risk management, addressing potential concerns, and remediating model related findings.

+ Supporting post implementation activities including ongoing monitoring review and interaction with various stakeholders.

+ Responsible for independently conducting quantitative analytics and complex…