Quantitative Operations Specialist

4 weeks ago


Chicago, Illinois, 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.

We are seeking a highly motivated and detail-oriented Quantitative Operations Associate to join our team. As a Quantitative Operations Associate, you will be responsible for developing and maintaining advanced strategic volume forecasting and capacity planning models that predict operational volumes and resource demand.

Key Responsibilities:

  • Develop and maintain volume forecasting, capacity planning, and resource optimization models
  • Help to modernize existing capacity models using advanced simulation and optimization techniques
  • Partner with the Front Line Units (FLUs) to generate best-in-class outcomes
  • Conduct routine model production and performance presentations with executive leadership
  • Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines

Requirements:

  • Master's degree in Statistics, Applied Economics, Industrial Engineering, Mathematics, Operations Research, Advanced Analytics, Finance, or other STEM field
  • Experience with SAS, Python, R, or similar statistical software
  • Experience with Arena or similar discrete event simulation software
  • Experience with SAS OR, GAMS, XPRESS, CPLEX, or similar optimization software
  • High aptitude for self-motivation and self-determined project work in a fast-paced and rapidly changing environment

Additional Information:

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law.



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