Quantitative Finance Analyst

4 weeks ago

Atlanta, Georgia, United States Bank of America Corporation 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
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 experience
Consumer Model Development & Operations - Quantitative Financial Analyst
Job Description and Role Responsibilities
Bank of America Merrill Lynch has an opportunity for a 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 residential mortgage models. 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 2 years relevant experience in statistics, data science, econometrics, and other quantitative analysis.
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
Effectively presents quantitative analysis to stakeholders
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 mortgage lending
Experience with CCAR and CECL
Shift:
1st shift (United States of America)
Hours Per Week:
40
Estimated Salary: $20 to $28 per hour based on qualifications.

  • Senior Analyst in Quantitative Finance

    2 weeks ago

    Atlanta, Georgia, United States Bank of America Full time

    Senior Analyst in Quantitative Finance (VP/Director) - Validation of Liquidity ModelsLocation: Various locationsPosition Overview:At Bank of America, our mission is to enhance financial well-being through meaningful connections. Our commitment to Responsible Growth shapes our operations and our service to clients, employees, communities, and shareholders.We...

  • Quantitative Finance Analyst

    1 month ago

    Atlanta, Georgia, 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...

  • Senior Quantitative Analyst in Finance

    2 weeks ago

    Atlanta, Georgia, United States Hispanic Technology Executive Council Full time

    At Hispanic Technology Executive Council, we are driven by a unified mission to enhance financial well-being through every connection we foster. Our commitment to Responsible Growth shapes our operations and our dedication to clients, team members, communities, and stakeholders on a daily basis.We believe that a key component of Responsible Growth is...

  • Quantitative Financial Analyst

    2 weeks ago

    Atlanta, Georgia, United States The Bank of America Corporation Full time

    About UsAt Bank of America, we are driven by a shared mission to enhance financial well-being through the strength of every interaction.Role OverviewThe Quantitative Finance Analyst plays a pivotal role in our organization, focusing on data analysis and financial modeling to support strategic decision-making.Key Responsibilities- Conduct in-depth...

  • Quantitative Finance Analyst

    21 hours ago

    Atlanta, Georgia, United States Hispanic Technology Executive Council Full time

    About the RoleWe are seeking a highly skilled Quantitative Finance Analyst - Risk Management Expert to join our team at the Hispanic Technology Executive Council. As a key member of our Global Risk Analytics (GRA) team, you will play a critical role in developing and implementing risk management strategies to ensure the stability and growth of our...

  • Sr Quantitative Fin Analyst

    1 month ago

    Atlanta, Georgia, United States Bank of America Corporation 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...

  • Senior Vice President of Quantitative Finance

    2 weeks ago

    Atlanta, Georgia, United States Bank of America Full time

    Job Overview:Are you equipped with the expertise to excel in this position? Please review the detailed information below.At Bank of America, our mission is to enhance financial well-being through every connection we foster. We are committed to Responsible Growth, which defines our operations and our commitment to clients, colleagues, communities, and...

  • Quantitative Risk Analyst

    1 month ago

    Atlanta, Georgia, United States Angel Oak Full time

    Who We Are:Angel Oak Companies is a diversified financial services company specializing in asset management and non-agency mortgage origination. These two business lines allow us to pursue our vertically integrated business model where information from our ecosystem drives a continuous loop between investment management and product development. Angel Oak...

  • Quantitative Risk Model Validator

    2 weeks ago

    Atlanta, Georgia, United States Citigroup Inc Full time

    Company Overview:Citigroup Inc. is a leading global bank committed to providing innovative financial solutions and services.Position Overview:We are seeking a dedicated Quantitative Risk Model Validator to join our team. This role is essential in ensuring the integrity and reliability of our algorithmic trading models.Key Responsibilities:1. Oversee the...

  • Senior Financial Analyst, Structured Finance

    2 weeks ago

    Atlanta, Georgia, United States Credigy Full time

    Position Overview: We are in search of a Senior Analyst to become a vital part of our Asset Management division. This role is centered around managing strategic alliances within the structured finance sector. As a Senior Analyst, you will be instrumental in evaluating and interpreting the elements that influence business outcomes.Key Responsibilities:Engage...

  • Sr Quantitative Finance Analyst

    1 month ago

    Atlanta, Georgia, United States Bank of America Corporation 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...

  • Corporate Finance Analyst

    2 weeks ago

    Atlanta, Georgia, United States Aztec Full time

    Position Overview:The Financial Analyst in the FP&A department will serve as a vital liaison for the Claims Cost Solutions leadership team, tasked with delivering precise, insightful, and timely financial guidance and support. Success in this role requires the ability to act as a genuine partner to the business and the CCS Finance leadership team, combining...

  • Quantitative Risk Validation Specialist

    2 weeks ago

    Atlanta, Georgia, United States Citigroup Inc Full time

    Company Overview: Citigroup Inc. is a leading global bank that provides a wide range of financial services to consumers, corporations, governments, and institutions.Position Summary: Citibank, N.A. is seeking a Quantitative Risk Validation Specialist to join our team in Atlanta, Georgia.Key Responsibilities:Oversee the validation process in accordance with...

  • Quantitative Risk Management Officer

    3 days ago

    Atlanta, Georgia, United States Citigroup Inc Full time

    Job SummaryCitigroup Inc. is seeking a highly skilled Quantitative Risk Management Officer to join its team in Atlanta, Georgia. As a key member of the risk management department, you will be responsible for managing the validation workflow in line with the company's risk management framework and standards.Key ResponsibilitiesProvide high-value model...

  • Corporate Investment Quantitative Analyst

    2 weeks ago

    Atlanta, Georgia, United States Bank of America Full time

    Job Overview:Are you equipped with the expertise to excel in this position? Review the details below to understand the role better.At Bank of America, our mission is to enhance financial lives through meaningful connections.We embody Responsible Growth, which reflects our commitment to our clients, colleagues, communities, and shareholders on a daily...

  • Quantitative Risk Management Analyst

    2 weeks ago

    Atlanta, Georgia, United States Angel Oak Full time

    About Us: Angel Oak Companies operates as a multifaceted financial services entity, focusing on asset management and non-agency mortgage origination. Our dual business lines enable us to implement a vertically integrated business model, where insights from our ecosystem facilitate a continuous feedback loop between investment management and product...

  • Corporate Finance Analyst

    2 weeks ago

    Atlanta, Georgia, United States Aztec Full time

    Position Overview: The Senior Financial Analyst for Financial Planning and Analysis (FP&A) will serve as a vital liaison for the leadership team at Aztec, expected to deliver precise, insightful, and timely financial analysis and support. Success in this role requires the ability to be a genuine partner to the business and the finance leadership team,...

  • Sr. Quantitative Financial Analyst

    1 month ago

    Atlanta, Georgia, United States Bank of America Corporation 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...

  • **Senior Quantitative Financial Analyst

    1 week ago

    Atlanta, Georgia, United States Bank of America Full time

    About the RoleThis is a high-impact opportunity to work on complex modeling projects for specific business units or risk types. As a Senior Quantitative Financial Analyst, you will lead the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the...

  • Senior Vice President; Corporate Investment Quantitative Financial Analyst

    2 weeks ago

    Atlanta, Georgia, United States Stephen Breen Full time

    Job Overview:We invite you to explore this exciting opportunity to join Stephen Breen as a Senior Vice President in the Corporate Investment sector. At Stephen Breen, our mission is to enhance financial well-being through meaningful connections. We prioritize Responsible Growth, ensuring that we deliver exceptional value to our clients, employees,...