![Bank of America](https://contents.bebee.com/companies/us/bank-of-america/avatar-s2EEZ.png)
Sr Quant Finance Analyst
4 weeks ago
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 complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.
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 driversLeads the planning related to setting quantitative work priorities in line with the bank s overall strategy and prioritizationIdentifies 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/validationMaintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetiteLeads 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 riskWorks closely with model stakeholders and senior management with regard to communication of submission and validation outcomesPerforms statistical analysis on large datasets and interprets results using both qualitative and quantitative approachesSkills:Critical ThinkingQuantitative DevelopmentRisk AnalyticsRisk ModelingTechnical DocumentationAdaptabilityCollaborationProblem SolvingRisk ManagementTest EngineeringData ModelingData and Trend AnalysisProcess Performance MeasurementResearchWritten CommunicationsMinimum Education Requirement: Master s degree in related field or equivalent work experienceConsumer Model Development & Operations Sr. Quantitative Financial AnalystJob Description and Role Responsibilities
Bank of America Merrill Lynch has an opportunity for a Sr. Quantitative Financial Analyst within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM). 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. GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard. GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities.
Overview of Consumer Model Development
The Consumer Model Development & Operations (CMDO) team is part of Global Risk Analytics. It provides quantitative solutions to enable effective risk and capital management across the Retail and Global Wealth & Investments Management (GWIM) lines of business.
The team places strong emphasis on delivering world class quantitative solutions for Front Line Unit (FLU) model owners and stakeholders through a disciplined and iterative development process. The team has responsibilities across a number of areas:
Quantitative Modeling Develop and maintain risk and capital Models and Model Systems across Retail and GWIM product lines. Models and Model Systems provide insight into many risk areas, including loan default, exposure at default (EAD), loss given default (LGD), delinquency, prepayment, balances, pricing, risk appetite, revenues and cash flows.
Quantitative Development Architect, implement, maintain, improve and integrate quantitative solutions on strategic GRA platforms. Outputs include GRA libraries that perform consumer risk model calculations, analytical tools, processes and documentation. Partner in defining, adopting, and executing GRA s technical strategy.
Risk and Capital Management Capabilities Build best in class quantitative solutions that enable the Retail and GWIM lines of business to effectively manage risk and capital, through the application of the disciplined BAU development process that includes extensive interaction with the FLU model owners and stakeholders throughout the quantitative lifecycle.
Infrastructure Partner in driving forward the infrastructure to support the goals of GRA through code efficiencies, and expansion of quantitative capabilities to better leverage infrastructure and computational resources.
Documentation Deliver concise, quantitative documentation to inform stakeholders, meet policy requirements, and enable successful engagement in regulatory exams (e.g., CCAR, CECL) via automated, modularized, and standardized documentation and presentations.
Required Education, Skills, and Experience
Successful candidates will have a Masters or PhD in Math, Economics, Statistics, or similar discipline, and a minimum 5 years relevant experience.
Successful candidates will possess the following skills:
First-hand experience in data analysis, statistical model estimation, implementation, and testing
Strong programming skills in Python, SQL, Pandas and NumPy
Quantitative documentation experience with LaTeX
Strong analytical and problem-solving skills
Ability to communicate effectively in verbal, written and presentation form ensuring clear message delivery, including internal and external parties
Ability to translate business strategy into effective work programs and processes
Desired Skills and Experience
The ideal candidate will possess the following skills and experience:
Experience with HDFS, HIVE, and Spark
Ability to apply CI/CD tools (e.g.,, Git, JIRA, Confluence, Pytest, Jenkins, and SonarQube) in model development process
In-depth business knowledge of credit card and consumer vehicle lending
Experience with CCAR and CECL
Shift:1st shift (United States of America)
Hours Per Week: 40
-
Finance Management Internship Analyst
1 week ago
Charlotte, North Carolina, United States Bank of America Full timeFinance Management Summer Analyst Program OverviewWhat would you like the capability to achieve?At Bank of America, we prioritize creating an exceptional workplace. We understand that skilled, engaged, and fulfilled employees are essential to enhancing the financial well-being of our customers and clients.Bank of America offers a comprehensive array of...
-
Finance Management Internship Analyst
3 days ago
Charlotte, North Carolina, United States Bank of America Full timeFinance Management Summer Analyst Program OverviewWhat capabilities would you like to harness?At Bank of America, we prioritize creating an exceptional workplace. We understand that skilled, engaged, and content employees are essential to enhancing the financial experiences of our clients and customers.Bank of America offers a comprehensive array of banking...
-
Finance Management Internship Analyst
1 week ago
Charlotte, North Carolina, United States Bank of America Full timeFinance Management Summer Analyst Program OverviewWhat would you like the capability to achieve?At Bank of America, we prioritize creating an exceptional workplace. We understand that skilled, engaged, and content employees are essential to enhancing the financial well-being of our customers and clients.Bank of America offers a comprehensive array of banking...
-
Finance Management Internship Analyst
3 days ago
Charlotte, North Carolina, United States Bank of America Full timeFinance Management Summer Analyst Program OverviewWhat capabilities would you like to harness?At Bank of America, we prioritize creating an exceptional workplace. We understand that skilled, engaged, and content employees are essential to enhancing the financial experiences of our customers and clients.Bank of America offers a comprehensive array of banking...
-
Finance Operations Analyst
2 months ago
Charlotte, North Carolina, United States Stericycle Full timeAbout Us:Stericycle is a U.S. based business-to-business services company and leading provider of compliance-based solutions that protects people and brands, promotes health and well-being, and safeguards the environment. Since our founding over 30 years ago, we have grown from a small start-up in medical waste management into a leader across a range of...
-
Analyst in Quantitative Finance
1 week ago
Charlotte, North Carolina, United States The Bank of America Corporation Full timeAbout 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...
-
Brand Finance Analyst
1 week ago
Charlotte, North Carolina, United States Newell Brands Full timeCompany Overview: Newell Brands is a prominent consumer goods organization, renowned for its diverse portfolio of well-established brands, including Graco, Coleman, Oster, Rubbermaid, and Sharpie. Company Culture: Our organizational ethos is anchored in core principles such as Integrity, Teamwork, Passion for Winning, Ownership, and Leadership. Position...
-
Finance Senior Analyst
4 days ago
Charlotte, North Carolina, United States Grubb Properties Full timeJob 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...
-
Corporate Finance Analyst
1 week ago
Charlotte, North Carolina, United States Wells Fargo Full timeJoin Wells Fargo as an Investment Banking Program AnalystAt Wells Fargo, we prioritize our customers and seek talented individuals who share our commitment to diversity, equity, and inclusion in a workplace where everyone feels valued and inspired.About the Role:The Investment Banking Program Analyst position is a part of our Corporate & Investment Banking...
-
Corporate Finance Analyst
4 days ago
Charlotte, North Carolina, United States Compass Group Careers Full timeJob OverviewSalary Range: $80,000 - $95,000As a leader in the business dining sector, Compass Group offers a fulfilling career filled with endless possibilities. We cater to the employees of some of the most prestigious companies across various industries nationwide. Joining our leadership and professional support team means you will play a vital role in...
-
Financial Analyst
4 days ago
Charlotte, North Carolina, United States The Bank of America Corporation Full timeAbout UsAt Bank of America, we are driven by a shared mission to enhance financial well-being through meaningful connections.Role OverviewAs a Financial Analyst in the Leveraged Finance sector, you will play a crucial role in our operations. Your responsibilities will include:Credit Analysis: Conducting thorough assessments of creditworthiness and financial...
-
Corporate Finance Analyst
1 week ago
Charlotte, North Carolina, United States Solve IMG Full timeCompany Overview: Solve Industrial Motion Group is a leading global manufacturer specializing in bearings and power transmission components. Our extensive brand portfolio encompasses P.T. International, IPTCI Bearings, LMS Bearings, TRITAN Precision Power Transmission Components, SST, MasterDrive, and SPB, offering over 100,000 products across multiple...
-
Senior Analyst in Quantitative Finance
1 week ago
Charlotte, North Carolina, United States Bank of America Full timePosition 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 timeQuantitative 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...
-
Associate/Analyst - Leveraged Finance Credit
4 weeks ago
Charlotte, North Carolina, United States Bank of America Full timeAssociate/Analyst - Leveraged Finance Credit 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 of the...
-
Credit Card Fraud Analyst
1 week ago
Charlotte, North Carolina, United States Social Finance Ltd Full timePosition Overview: We are looking for a dedicated and proactive Credit Card Fraud Analyst to become a vital part of our Fraud Operations team at Social Finance Ltd. The primary responsibility of this role is to investigate instances of credit card fraud, focusing on application fraud, account activity fraud, and claims related to fraudulent activities.Key...
-
Sr Sales Analyst, Lowe's
2 months ago
Charlotte, North Carolina, United States Electrolux Full timeSalesPermanentJob DescriptionSenior Analyst - Lowe'sBring your ideas to life in homes around the world.At the Electrolux Group, a leading global appliance company, we strive every day to shape living for the better for our consumers, our people and our planet. We share ideas and collaborate so that together, we can develop solutions that deliver enjoyable...
-
Credit Evaluation Analyst
1 week ago
Charlotte, North Carolina, United States Social Finance Ltd Full timeEmployee Applicant Privacy NoticeAbout Us:Join us in shaping a more promising financial landscape.At Social Finance Ltd, we are revolutionizing personal finance through innovative, mobile-centric solutions that empower our members to achieve their financial aspirations. As a forward-thinking financial services provider and national bank, we are at the...
-
Quantitative Finance Expert
22 hours ago
Charlotte, North Carolina, United States The Bank of America Corporation Full timeAbout 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...
-
Sr. Workforce Management Analyst
3 weeks ago
Charlotte, North Carolina, United States Belk Full timeThe Senior Workforce Management Analyst is responsible for all aspects of the scheduling solution including configuration, management of the labor model, drivers, attributes, budgets, forecasts and plans using the Reflexis WFM system. This position interacts with all levels of the Organization which have an impact on store scheduling needs: BSS, DC, Division...