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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow, and make an impact, along with the power to make a difference. Join us!
Job Responsibilities:
- Conduct quantitative analytics and complex modeling projects for specific business units or risk types.
- Lead the development of new models, analytic processes, or system approaches.
- Create technical documentation for related activities.
- Work with Technology staff in the design of systems to run models developed.
- Perform end-to-end market risk stress testing including scenario design, implementation, results consolidation, and analysis.
- Identify continuous improvements through reviews of model development or validation tasks.
- Maintain oversight of model development and model risk management.
- Provide methodological, analytical, and technical guidance on development/validation projects.
- Communicate submission and validation outcomes to model stakeholders and senior management.
- Perform statistical analysis on large datasets.
Skills:
- Critical Thinking
- Quantitative Development
- Risk Analytics
- Risk Modeling
- Technical Documentation
- Adaptability
- Collaboration
- Problem Solving
- Risk Management
- Test Engineering
- Data Modeling
- Data and Trend Analysis
- Process Performance Measurement
- Research
- Written Communications
Minimum Education Requirement: Master’s degree in a related field or equivalent work experience.
Overview of Global Risk Analytics: Bank of America Merrill Lynch has an opportunity for a Snr QFA within our Global Risk Analytics (GRA) function. 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.
Overview of the Role & Key Responsibilities:
- Independently conduct quantitative analytics and complex modeling projects.
- Lead efforts in the development of new models, analytic processes, or system approaches.
- Create documentation for all activities and may work with technology staff in the design of any system to run models developed.
Qualifications:
- Master's degree or PhD required (preferably in Mathematics, Statistics, Physics, or related field) and 5+ years’ experience in quantitative modeling within a global financial institution.
- Experience with mathematically sophisticated financial modeling.
- Programming skills in C++ and Python; understanding of sound software development principles.
- Up-to-date knowledge of industry trends and developments.
- Good written and oral communication, interpersonal, and organizational skills.
- Ability to multitask with excellent time management skills.
- Pro-active behavior with capacity to seize initiative.
Shift: 1st shift (United States of America)
Hours Per Week: 40
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