Quantitative Finance Analyst

1 month ago

Charlotte, North Carolina, United States Bank of America Full time

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 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.

Responsibilities:

Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers Supports the planning related to setting quantitative work priorities 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 Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite Supports the 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 Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches Global Markets Risk Management serves as independent market risk oversight of the Firm s trading activities. The Global Market Risk Stress Testing team within this organization is responsible for the implementation and management of critical enterprise processes and analysis to support the global markets business and senior risk management.
The team is seeking a highly motivated individual to support market risk stress testing, including regulatory mandated stress testing activities, formal and ad-hoc scenario analysis. The candidate in this role will have a wide range of responsibilities from evaluating new and emerging risks in the portfolio to ensuring that the Firm surpasses regulatory expectations. This work will require extensive engagement across risk functions and other partners across the Firm. The candidate will also be a key participant in regulatory exams related to stress testing and will become the subject matter expert on key aspects of market risk stress testing. This role will be expected to support the team s success through an individual contributor role and will have no formal management responsibilities.

Primary Responsibilities include:
1. Ensure success of the Firm s stress testing processes related to the Fundamental Review of the Trading Book (FRTB) requirements
2. Review and challenge scenario analysis results to determine the key drivers
3. Create presentations and documentation for stress testing activities
4. Engage with technology and data partners to improve the technology platforms used to manage the processes

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 related field or equivalent work experienceRequired Qualifications:1. Incumbents typically have years of experience in the financial industry, ideally with exposure to market risk concepts
2. Highly motivated individual who fully understands the demands of a market risk professional with ability to work in a fast-paced environment
3. Intellectually curious with the ability to investigate and develop root cause analysis for issues and propose corresponding process or technology changes
4. Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously

Shift:1st shift (United States of America)

Hours Per Week: 40

  • Analyst in Quantitative Finance

    2 weeks ago

    Charlotte, North Carolina, United States The Bank of America Corporation Full time

    About UsAt Bank of America, we are driven by a unified mission to enhance financial well-being through the strength of every interaction.Role OverviewThe Quantitative Finance Analyst will play a pivotal role in supporting our financial strategies by utilizing advanced mathematical and statistical techniques. This position involves:Model Development: Creating...

  • Senior Analyst in Quantitative Finance

    2 weeks ago

    Charlotte, North Carolina, United States Bank of America Full time

    Position Title: Senior Analyst in Quantitative FinanceLocation: Multiple locationsOverview:At Bank of America, our mission is to enhance financial well-being through meaningful connections. We are committed to Responsible Growth, which shapes our operations and how we serve our clients, employees, communities, and shareholders.We strive to create an...

  • Quantitative Finance Analyst

    1 month ago

    Charlotte, North Carolina, United States Bank of America Full time

    Quantitative Finance Analyst -Alternative Modeling Group Jersey City, New Jersey;Charlotte, North Carolina 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...

  • Quantitative Finance Expert

    5 days ago

    Charlotte, North Carolina, United States The Bank of America Corporation Full time

    About the RoleWe are seeking a highly skilled Senior Quantitative Finance Analyst to join our team at The Bank of America Corporation.Key ResponsibilitiesDevelop and implement advanced financial models to drive business growth and inform strategic decisions.Analyze complex financial data to identify trends and opportunities for improvement.Collaborate with...

  • Quantitative Analyst

    2 weeks ago

    Charlotte, North Carolina, United States National Black MBA Association Full time

    Job Overview:Enterprise Job Overview:At National Black MBA Association, we are committed to enhancing financial lives through meaningful connections. Responsible Growth is the foundation of our operations, ensuring we deliver value to our clients, team members, communities, and stakeholders consistently.We believe that a key aspect of fostering Responsible...

  • Client Quantitative Analyst II

    1 month ago

    Charlotte, North Carolina, United States Bank of America Full time

    Client Quantitative Analyst II Charlotte, North Carolina;Belfast, Maine; Plano, Texas; Richmond, Virginia; New York, New York; Boston, Massachusetts; Chicago, Illinois; Kennesaw, Georgia; Phoenix, Arizona Job Description: Enterprise Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of...

  • Lead Engineer for Quantitative Finance Solutions

    2 weeks ago

    Charlotte, North Carolina, United States WELLS FARGO BANK Full time

    Position Overview:The Finance Transformation Office (FTO) is in search of a Lead Engineer specializing in Quantitative Finance Solutions. This role encompasses a diverse array of responsibilities including model re-engineering, data management, process enhancement, workflow automation, and reporting.The FTO is dedicated to the strategic technology and tool...

  • Treasury Quantitative Analyst III

    3 days ago

    Charlotte, North Carolina, United States Truist Full time

    Job SummaryWe are seeking a highly skilled Treasury Quantitative Analyst III to join our Financial Management team at Truist. As a key member of our team, you will be responsible for developing and implementing quantitative models to support capital stress testing, asset and liability management, and other corporate initiatives.Key ResponsibilitiesContribute...

  • Lead Engineer for Quantitative Finance Solutions

    2 weeks ago

    Charlotte, North Carolina, United States WELLS FARGO BANK Full time

    Position Overview:The Finance Transformation Office (FTO) is in search of a Lead Engineer specializing in Quantitative Finance Solutions. This role encompasses a variety of responsibilities including model re-engineering, data management, process innovation, workflow automation, and comprehensive reporting.The FTO is dedicated to advancing the technology and...

  • Lead Engineer for Quantitative Finance Solutions

    1 week ago

    Charlotte, North Carolina, United States WELLS FARGO BANK Full time

    Position Overview:The Finance Transformation Office (FTO) is on the lookout for a Lead Engineer specializing in Quantitative Finance Solutions. This role encompasses a variety of responsibilities, including model re-engineering, data management, process enhancement, workflow automation, and reporting.The FTO is dedicated to the technology and tool strategy...

  • Finance Senior Analyst

    1 week ago

    Charlotte, North Carolina, United States Grubb Properties Full time

    Job OverviewPosition: Finance Senior AnalystType: Full-timeDepartment: FinanceAre you a meticulous finance expert with a talent for navigating intricate financial scenarios? Do you excel in fast-paced settings where your analytical abilities can flourish? As a Finance Senior Analyst, you will be instrumental in enhancing our financial performance.Key...

  • Quantitative Analyst for Client Services

    2 weeks ago

    Charlotte, North Carolina, United States Bank of America Full time

    Job Overview The role of the Client Quantitative Analyst I involves supporting analytical initiatives across various projects within a designated Line of Business. This position is pivotal in utilizing databases to gather client and performance metrics, transforming this data into actionable insights, and presenting these findings to leadership for...

  • Quantitative Analyst for Client Services

    2 weeks ago

    Charlotte, North Carolina, United States National Black MBA Association Full time

    Position Overview:At National Black MBA Association, we are committed to enhancing financial well-being through impactful connections. Our core principle of Responsible Growth drives our operations and shapes our commitment to clients, employees, communities, and stakeholders.We strive to create an inclusive and diverse work environment, recognizing the...

  • Market Risk Quantitative Analyst

    2 weeks ago

    Charlotte, North Carolina, United States Bank of America Full time

    Market Risk Quantitative AnalystLocation: Charlotte, North CarolinaPosition Overview:At Bank of America, we are committed to enhancing financial well-being through every connection we make. Our principle of Responsible Growth shapes our operations and ensures we deliver exceptional service to our clients, colleagues, communities, and shareholders.We strive...

  • Quantitative Analytics Development Program

    2 days ago

    Charlotte, North Carolina, United States Bank of America Full time

    Program OverviewThe Quantitative Analytics Development Program is a two-year development program that focuses on the application of quantitative methods to solve complex business challenges. As an analyst, you will gain real, in-depth experience and be provided with a micro and macro view of risk management for the bank.You will determine solutions to...

  • Quantitative Finance Manager

    1 month ago

    Charlotte, North Carolina, United States Bank of America Full time

    Quantitative Finance Manager Jersey City, New Jersey;Charlotte, North Carolina 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...

  • 2025 Capital Markets Quantitative Analyst Program

    7 days ago

    Charlotte, North Carolina, United States WELLS FARGO BANK Full time

    About this opportunity: Wells Fargo is on the lookout for skilled individuals to participate in the Quantitative Analytics Program. Discover more about our diverse career paths and business sectors. Program Overview The Quantitative Analytics Program offers a comprehensive introduction to Wells Fargo, equipping you to create, execute, calibrate, or validate...

  • Quantitative Risk Analyst

    2 weeks ago

    Charlotte, North Carolina, United States Bank of America Full time

    Position Overview:As a leading financial institution, Bank of America is committed to enhancing financial well-being through meaningful connections. We prioritize Responsible Growth, ensuring we deliver value to our clients, employees, communities, and shareholders.Role Summary:This position involves executing quantitative analysis and modeling initiatives...

  • Quantitative Risk Analyst

    2 weeks ago

    Charlotte, North Carolina, United States National Black MBA Association Full time

    Job Overview:At National Black MBA Association, we are driven by a unified mission to enhance financial well-being through the strength of every interaction. Responsible Growth is our guiding principle, shaping how we operate and how we serve our clients, colleagues, communities, and stakeholders daily. A key element in fostering Responsible Growth is our...

  • Sr Quant Finance Analyst

    1 month ago

    Charlotte, North Carolina, United States Bank of America Full time

    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...