Sr. Quantitative Finance Manager

Overview

We are looking for a Senior Quantitative Finance Manager to lead a team of finance managers in developing and validating quantitative analytics and models for specific business units or risk types. This role is responsible for overseeing model performance, model risk, and model governance on critical model portfolios.

• Direct a quantitative team with model coverage of specified focus areas and oversee stakeholder engagement, including team effort in preparation for audit and regulatory exams.
• Set 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 validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation while providing oversight to managers on reviews.
• Maintain and provide oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise’s risk appetite.
• Lead and provide 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.
• Work closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.
• Coordinate team projects while managing and providing guidance to senior level staff on areas of expertise.

• Opportunity & Inclusion Champion:
  Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
• Manager of Process & Data:
  Challenges end‑to‑end process efficiency and effectiveness, champions data‑driven decision‑making, and removes obstacles to optimize operations.
• Enterprise Advocate & Communicator:
  Contributes to enterprise strategy and influences messaging to connect team contributions to business purpose, results, and success.
• Risk Manager:
  Inspects and challenges risk controls, governance, and culture to ensure the timely identification, escalation, debate, and remediation of risk across the organization.
• People Manager & Coach:
  Coaches to sustain and elevate organizational performance while differentiating to ensure pay for performance.
• Financial Steward:
  Efficiently allocates and manages resources across the organization to drive short and long‑term profitability.
• Enterprise Talent Leader:
  Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
• Driver of Business Outcomes:
  Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

The Global Markets Risk Analytics (GMRA) team under GRA develops, maintains, and monitors Counter party Credit Risk (CCR), the Internal Model Method (IMM), Central Clearing Counter parties (CCP), and Value at Risk (VaR). The Market Risk Quants (MRQ) team focuses on market risk models for internal risk management, market risk capital requirements, and upcoming regulatory frameworks such as FRTB, along with stress testing initiatives (CCAR, EST, ICAAP, recovery and resolution planning, climate risk).

• Manage a group of staff responsible for developing and evaluating quantitative analytics/models for specific business units or types of transactions.
• Direct activity of staff in providing support to the business unit and to other business units within Bank of America.
• Actively involved in the analytics effort while spending significant time managing staff and coordinating projects.
• Serve as a senior level resource or resident expert on particular analytic/quantitative modeling techniques.
• Provide guidance to staff on areas of expertise.
• Deliver operational capabilities, governance framework, and obtain international regulatory approvals on regulations such as ECB TRIM, PRA and Basel Rules.
• Develop market risk models (model development, submission, production roll‑out) and perform analysis for VaR/RNiV model development,…