Principal Analyst in Quantitative Finance
2 weeks ago
At Bank of America, our mission is to enhance financial well-being through meaningful connections. We prioritize Responsible Growth, ensuring that we deliver value to our clients, colleagues, communities, and shareholders consistently.
We are committed to fostering a diverse and inclusive environment, recognizing that a variety of backgrounds and experiences enrich our workplace. Our investment in our employees and their families is reflected in our competitive benefits, which support their physical, emotional, and financial health.
We believe in collaboration while also providing flexibility tailored to the needs of different roles within our organization.
Joining Bank of America offers a rewarding career path with ample opportunities for personal and professional development, enabling you to make a significant impact.
Role Responsibilities:
This position involves executing quantitative analysis and sophisticated modeling initiatives for designated business sectors or risk categories. Key duties encompass spearheading the creation of innovative models, analytic frameworks, or system methodologies, generating technical documentation for associated tasks, and collaborating with Technology teams to design systems for model execution. The role may also require influencing strategic initiatives and formulating tactical plans.
The Counterparty Credit Risk Portfolio Management (CCRPM) team is responsible for overseeing counterparty credit risk across the organization at both the top of house and legal entity levels, ensuring adherence to regulatory standards for Counterparty Credit Risk (CCR) Management, and addressing regulatory inquiries related to identified gaps in CCR frameworks. This role includes managing various limits (Stress Gap, Contingent Market Risk), monitoring secondary risk factors, conducting point of weakness analyses of CCR portfolios, and reporting findings to internal stakeholders and regulators. The responsibilities also involve assessing CCR for all business lines within the Markets division, encompassing all traded products (fixed income, currency, commodities, equities).
Key Duties Include:
- Conducting comprehensive market risk stress testing, including scenario design, implementation, results consolidation, and internal/external reporting, while analyzing stress scenario outcomes to identify key drivers.
- Leading the prioritization of quantitative work in alignment with the bank's overarching strategy.
- Identifying opportunities for continuous improvement through evaluations of model development or validation tasks, providing constructive feedback on technical documentation, and effectively challenging model development/validation processes.
- Overseeing model development and model risk management in relevant focus areas to meet business needs and align with the enterprise's risk appetite.
- Providing methodological, analytical, and technical support to challenge and influence the strategic direction and tactical methodologies of development/validation projects, while identifying potential risk areas.
- Collaborating closely with model stakeholders and senior management regarding the communication of submission and validation results.
- Performing statistical analyses on extensive datasets and interpreting findings using both qualitative and quantitative methods.
- Participating in the preparation of CCR portfolio reviews and conducting in-depth analyses on specific counterparties.
- Presenting findings to senior management, including Market Risk and Enterprise Credit teams, leveraging expertise in CCR and traded products to identify areas needing further investigation and discussion.
Required Qualifications:
- Strong understanding of derivative products with extensive knowledge across asset classes (FX, rates, equity, commodities, and credit).
- Familiarity with counterparty risk measurement techniques related to derivatives and financing transactions is preferred.
- Proficient computer skills (Office, VBA, Python, Bloomberg, SQL).
- Exceptional written and verbal communication abilities.
- Self-motivated individual who thrives in a dynamic environment.
- Degree in finance or economics.
- Previous experience in a risk management role covering Global Markets products is advantageous.
- 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
1st shift (United States of America)
Hours Per Week:
40
-
Senior Analyst in Quantitative Finance
2 weeks ago
Jersey City, New Jersey, United States Bank of America Full timePosition Title: Senior Analyst in Quantitative FinanceLocation: Various LocationsJob Overview:At Bank of America, our mission is to enhance financial well-being through every interaction. We are committed to Responsible Growth, ensuring that we meet the needs of our clients, employees, communities, and shareholders consistently.We believe that fostering a...
-
Sr. Quantitative Finance Analyst
4 weeks ago
Jersey City, New Jersey, 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...
-
Senior Quantitative Finance Specialist
2 weeks ago
Jersey City, New Jersey, United States Bank of America Full timePosition Overview:At Bank of America, our mission is to enhance financial well-being through meaningful connections. We prioritize Responsible Growth, ensuring that we deliver value to our clients, colleagues, communities, and shareholders consistently.Creating a supportive workplace is essential to our success, and we are committed to fostering diversity...
-
Quantitative Finance Analyst
1 month ago
Jersey City, New Jersey, 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 Expert
4 days ago
Jersey City, New Jersey, United States Bank of America Full timeJob DescriptionAt Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Our company is driven by a commitment to responsible growth, which means we prioritize the well-being of our employees, customers, and communities.We strive to be a diverse and inclusive workplace, where everyone...
-
Senior Quantitative Finance Specialist
2 weeks ago
Jersey City, New Jersey, United States Bank of America Full timePosition Overview:At Bank of America, we are committed to enhancing financial lives through meaningful connections. Our approach to Responsible Growth emphasizes our dedication to our clients, colleagues, communities, and shareholders.We prioritize creating an inclusive and diverse workplace, welcoming individuals from various backgrounds and experiences....
-
Vice President of Quantitative Finance
2 weeks ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance Analyst to engage in model performance evaluation, oversight, and data integrity assessment. This role involves conducting analytical investigations into model outcomes and testing results, as well as monitoring model efficacy.Key Responsibilities:- Execute...
-
Senior Quantitative Analyst
2 days ago
Jersey City, New Jersey, United States Dtcc Full timeAbout the RoleWe are seeking a highly skilled Quantitative Finance Expert to join our team at DTCC. As a key member of our Model Risk Management (MRM) team, you will play a critical role in ensuring the accuracy and reliability of our financial models.Key ResponsibilitiesPerform hands-on validations and reviews of our organization's model inventory in...
-
Vice President of Quantitative Finance
7 days ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance to oversee model performance evaluation, continuous monitoring, and data integrity assessments. This role involves conducting in-depth analytical research on model outcomes and testing results, as well as assessing model efficacy.Key Responsibilities:- Execute...
-
Lead Quantitative Analyst
7 days ago
Jersey City, New Jersey, United States ZAR IT Solutions Full timeJob OverviewPosition: Senior Quantitative DeveloperCompany: ZAR IT SolutionsWe are seeking a highly skilled Senior Quantitative Developer to contribute to our dynamic team. This role requires a strong aptitude for quantitative analysis, programming expertise, and a foundational understanding of financial modeling.Key Responsibilities:Develop and implement...
-
Lead Quantitative Analyst
2 weeks ago
Jersey City, New Jersey, United States ZAR IT Solutions Full timeJob OverviewPosition: Senior Quantitative DeveloperLocation: Hybrid roleContract Type: 1 year ContractCompensation: W2 Pay rate $100/hr.We are seeking a highly motivated individual with a strong aptitude for quantitative analysis and programming. The ideal candidate will possess skills in Python and SQL, along with a foundational understanding of financial...
-
Lead Quantitative Analyst
2 weeks ago
Jersey City, New Jersey, United States ZAR IT Solutions Full timeJob OverviewPosition: Senior Quantitative DeveloperLocation: HybridContract Type: 1 year ContractCompensation: W2 Pay rate $100/hr.We are seeking a highly motivated individual with a strong aptitude for quantitative analysis and programming. The ideal candidate will possess solid skills in Python and SQL, along with a background in financial modeling. While...
-
Lead Quantitative Finance Specialist
2 weeks ago
Jersey City, New Jersey, United States Bank of America Full timeJob Overview: At Bank of America, our mission is to enhance financial well-being through every connection we make. We are committed to Responsible Growth, which reflects our dedication to serving our clients, colleagues, communities, and shareholders consistently. We strive to create an inclusive and diverse workplace, recognizing the value of varied...
-
Senior Quantitative Analyst
2 weeks ago
Jersey City, New Jersey, United States Software Guidance and Assistance, Inc. Full timeSoftware Guidance & Assistance, Inc. (SGA) is seeking a Quantitative Analyst for a CONTRACT opportunity with a leading Financial Services organization. Key Responsibilities:Enhance and maintain proprietary fixed income risk assessment models.Develop and generate performance metrics and analytical reports to facilitate communication with internal...
-
Quantitative Business Analyst
2 weeks ago
Jersey City, New Jersey, United States Infosys Full timeJob OverviewInfosys is in search of a Quantitative Business Analyst. We are looking for a highly skilled and driven professional with a robust background in Python programming.In this position, you will be instrumental in developing and executing quantitative models, performing data analysis, and creating, testing, and maintaining high-performance...
-
Quantitative Business Analyst
2 weeks ago
Jersey City, New Jersey, United States Infosys Full timeJob OverviewInfosys is in search of a Quantitative Business Analyst. We are looking for a highly skilled and driven professional with a robust background in Python programming.In this position, you will be instrumental in developing and executing quantitative models, performing data analysis, and creating, testing, and maintaining high-performance...
-
Vice President of Quantitative Finance
7 days ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance to engage in model performance evaluation, oversight, and data integrity verification. This role involves conducting analytical investigations into model outcomes and testing results, as well as assessing model efficacy.Key Responsibilities:- Execute model performance...
-
Vice President of Quantitative Finance
2 weeks ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance to engage in comprehensive model performance evaluation, oversight, and data integrity analysis. This role involves conducting in-depth analytical studies on model outcomes and testing results, as well as assessing model efficacy.Key Responsibilities:- Execute model...
-
Vice President of Quantitative Finance
2 weeks ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance to oversee model performance evaluation, continuous monitoring, and data integrity assessments. This role involves conducting in-depth analytical studies on model outcomes and testing results, as well as evaluating model efficiency.Key Responsibilities:- Execute model...
-
Vice President of Quantitative Finance
7 days ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance to engage in comprehensive model performance evaluation, oversight, and data integrity analysis. This role involves conducting in-depth analytical investigations into model outcomes and testing results, as well as assessing model efficacy.Key Responsibilities:- Execute...
