Quantitative Finance and Analytics Manager
3 weeks ago
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 Description:
This job is responsible for leading a team to develop or validate quantitative analytics and models for specific business units or risk types. Job expectations include supporting business units and acting as a subject matter expert on specified quantitative modeling techniques, as well as serving as the first or second line of defense overseeing model performance, model risk, and model governance on critical model portfolios.
Team Description:
On a quarterly basis, members of the Quantitative Finance and Analytics Team run models, perform in-depth analysis, prepare summary results and presentation materials, which are presented to Finance and Business partners for approval. Also, the Quantitative Finance and Analytics Team discusses forecasts derived using statistical models with technical and non-technical audiences, including presenting financial results in a non-technical manner to Heads of Business and Senior Management. In addition, the team helps work through the model validation process and maintains process documentation, as required for internal governance or regulatory requirements. The results are used in deliverables for the CCAR (Comprehensive Capital Analysis and Review), the Federal Reserve's annual assessment of the capital adequacy for the largest and most complex U.S. Banks, and OCC's equivalent DFAST requirement. Both mid-year and year-end reporting is required, and is completed through the compilation of FR Y-14A reporting templates and supporting documentation. The role is for a Quantitative Finance Manager to manage the Quantitative Finance and Analytics Team. This is an excellent opportunity for growth, as this team interacts across all of GBAM's business units, including Lines of Business, Finance, Risk, and other support partners.
Responsibilities:
- Leads a quantitative team with model coverage of specified focus areas and oversees stakeholder engagement, including team effort in preparation for audit and regulatory exams
- Sets priorities related to quantitative modeling in line with the bank's overall strategy and prioritization
- Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
- Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
- Leads and provides 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
- Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
Additional Role Responsibilities:
- Analyze and attest to results and reasonableness; present results to business heads and other stakeholders, and answer questions for EST and regulators
- Work with development teams and validation teams to ensure that model development and validation requirements are met
- Work with GT&O to ensure a smooth coordination around model execution platforms
- Plan, coordinate, and implement medium-to-longer-term enhancements to forecast processes and methodologies; decide team priorities and work assignments in the face of tight schedules
- Develop and guide long-term visions to leverage GBAM Stress Testing's Forecasting and Reporting platform
Skills:
- Business Acumen
- Critical Thinking
- Regulatory Relations
- Talent Development
- Technical Documentation
- Policies, Procedures, and Guidelines Management
- Project Management
- Risk Analytics
- Risk Management
- Stakeholder Management
Required Qualifications:
- Master's degree or equivalent in Economics, Finance, or a related quantitative field, or related work experience
- 5 years of experience with technical or quantitative projects in the financial services industry
- Good coding skills, preferably in R
- Excellent communication skills and an ability to communicate statistical models to non-technical audiences
- Strong management skills and leadership qualities
Desired Qualifications:
- Experience developing or running statistical models in R, with a special focus on time series modeling to support running econometric models
- Performing CCAR Stress Testing and utilizing methodologies to project revenue and balance sheet through models/qualitative approaches
- Using strong analytical, critical thinking and problem solving skills to lead or facilitate discussions across various levels of stakeholders/support partners
Shift:
1st shift (United States of America)
Hours Per Week:
40
-
Quantitative Finance and Analytics Manager
4 weeks ago
Charlotte, North Carolina, United States Bank of America Full timeJob 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...
-
Quantitative Finance Analyst, AML
1 month ago
Charlotte, North Carolina, United States Bank of America Full timeJob Description:As a Quantitative Finance Analyst on the Enterprise Risk Analytics team, your main responsibilities will involve:Applying quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirementsMaintaining and continuously enhancing capabilities over time to respond to the changing nature of...
-
Charlotte, North Carolina, United States Bank of America Full timeJob 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...
-
Charlotte, United States Bank of America Full timeCorporate Treasury Quantitative Analytics Analyst page is loaded Corporate Treasury Quantitative Analytics Analyst Apply locations Charlotte Atlanta time type Full time posted on Posted 3 Days Ago job requisition id 24002863 Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every...
-
Senior Quantitative Finance Analyst
4 weeks ago
Charlotte, North Carolina, United States Bank of America Full timeJob 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...
-
Charlotte, United States Bank of America Full timeDirector, Senior Quantitative Finance Analyst, AML Model Validator page is loaded Director, Senior Quantitative Finance Analyst, AML Model Validator Apply locations Charlotte time type Full time posted on Posted 11 Days Ago job requisition id 23021473 Job Description: Role Description: Enterprise Model Risk Management seeks a Sr Quantitative Fin Analyst –...
-
Sr Quantitative Finance Analyst
6 days ago
Charlotte, United States The Bank of America Corporation Full timeAt 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 Finance Analyst, Quantitative, Risk Manager, Finance, Analyst, Management, Banking, Technology
-
Senior Quantitative Associate
4 weeks ago
Charlotte, United States First Citizens Bank Full timeOverview: This position is a senior level quantitative associate that directly supports the development of balance sheet forecasting models and base pricing models focusing on linear/non-linear FX derivatives and linear/non-linear IRD derivatives. The position sits within Strategic Modeling and Analytics (SMA) team within 1LOD Treasury Department. The...
-
Senior Quantitative Associate
4 weeks ago
Charlotte, United States First Citizens Bank Full timeOverview: This position is a senior level quantitative associate that directly supports the development of balance sheet forecasting models and base pricing models focusing on linear/non-linear FX derivatives and linear/non-linear IRD derivatives. The position sits within Strategic Modeling and Analytics (SMA) team within 1LOD Treasury Department. The SMA...
-
Senior Quantitative Associate
2 weeks ago
Charlotte, United States First Citizens Bank Full timeOverview: This position is a senior level quantitative associate that directly supports the development of balance sheet forecasting models and base pricing models focusing on linear/non-linear FX derivatives and linear/non-linear IRD derivatives. The position sits within Strategic Modeling and Analytics (SMA) team within 1LOD Treasury Department. The SMA...
-
Quantitative Finance Manager
2 months ago
Charlotte, North Carolina, United States Bank of America Full timeJob Description:This position will sit in the Global Markets Stress Testing organization to focus on CVA stress calculation for CCAR and other internal and regulatory stress testing deliverables. It will support E2E delivery of regulatory templates and stress loss calculation. This role requires strong understanding of XVA concepts and associated analytical...
-
Senior Quantitative Analytics Specialist
7 hours ago
Charlotte, United States Wells Fargo Full timeAt Wells Fargo, we want to satisfy our customers financial needs and help them succeed financially. Were looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where youll feel Analytics Specialist, Quantitative, Analytics, Computer Science, Specialist, Senior, Technology, Banking
-
Quantitative Finance Analyst
3 weeks ago
Charlotte, United States Bank of America Full timeJob 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...
-
Quantitative Finance Analyst
1 week ago
Charlotte, United States National Black MBA Association Full timeJob 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...
-
Quantitative Finance Analyst
3 weeks ago
Charlotte, North Carolina, United States Bank of America Full timeJob 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...
-
Charlotte, United States The Bank of America Corporation Full timeThis role is a Senior Quantitative Finance Analyst within the model development team for Anti-Money Laundering (AML) detection models. These models identify potentially suspicious behaviors for further evaluation by our in-house investigation teams. Finance Analyst, Development, Quantitative, Analyst, Finance, Senior, Technology, Banking
-
Charlotte, North Carolina, United States Bank of America Full timeJob Description:The role is as a Senior Quantitative Finance Analyst within the model development team for Anti-Money Laundering (AML) detection models. These models identify potentially suspicious behaviors for further evaluation by our in-house investigation teams. This area has a unique appetite for a wide scope of model methodologies, from simple...
-
Senior Quantitative Associate
1 week ago
Charlotte, United States First Citizens Bancshares, Inc. Full timeThis position is a senior level quantitative associate that directly supports the development of balance sheet forecasting models and base pricing models focusing on linear/non-linear FX derivatives and linear/non-linear IRD derivatives. The position Modeling, Analytics, Associate, Quantitative, Strategic, Senior, Technology, Banking
-
Charlotte, North Carolina, United States Bank of America Full timeJob Description:Role Description:Enterprise Model Risk Management is looking for a Senior Quantitative Finance Analyst with expertise in Anti-Money Laundering (AML) to examine and assess complex models used to detect and mitigate money laundering risks. The ideal candidate should be well-versed in industry best practices and have a deep understanding of...
-
Manager/ Sr. Manager
2 months ago
Charlotte, United States Tiger Analytics Full timeTiger Analytics is an advanced analytics consulting firm. We are the trusted analytics partner for several Fortune 100 companies, enabling them to generate business value from data. Our consultants bring deep expertise in Data Science, Machine Learning and AI. Our business value and leadership has been recognized by various market research firms, including...