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Capacity Modeler

2 months ago


Chicago, Illinois, United States Bank of America Full time
Job Summary

**Global Operations Data Management and Analytics Team**

We are seeking a highly motivated individual with strong quantitative skills and experience in simulation modeling, operations research, and/or analytics to join our team as a Quantitative Operations Analyst.

This role will be responsible for developing and maintaining advanced strategic capacity models that predict operational resource demand and provide recommendations to key stakeholders.

The ideal candidate will have a keen eye for detail, a strong sense for modeling complex operational systems, and excellent verbal and written communication skills.

Key Responsibilities

  • Develop and maintain capacity and resource optimization models
  • Help modernize existing capacity models using advanced simulation and optimization techniques
  • Evaluate new opportunities and implement changes for current capacity model inputs, processes, and outputs
  • Assist in driving capacity modeling consistency and innovation across the team
  • Routinely partner with the Front Line Units (FLUs) to generate best-in-class outcomes
  • Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines

Requirements

  • Bachelor's degree in Industrial Engineering, Mathematics, Statistics/Applied Economics, Operations Research, Advanced Analytics, or other STEM field
  • 2+ years of experience in quantitative roles modeling complex systems
  • Experience with Arena or similar discrete event simulation software
  • Experience with SAS OR, GAMS, XPRESS, CPLEX, or similar optimization software
  • Proficient in MS Office
  • Ability to work in a team-oriented environment with strong aptitude for problem-solving and collaboration
  • Strong communication and interpersonal skills - specifically the ability to communicate complex ideas in a clear and concise manner to key stakeholders
  • Natural curiosity and drive to answer important business questions
  • High aptitude for self-motivation and self-determined project work in a fast-paced and rapidly changing environment

Preferred Qualifications

  • Masters degree in Industrial Engineering, Mathematics, Statistics, Applied Economics, Operations Research, Advanced Analytics, or other STEM field

Why Bank of America?

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 committed to creating a workplace that is inclusive, diverse, and equitable, where our teammates can grow and thrive.

We believe 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.

Join us in our mission to make a difference in the lives of our customers, teammates, and communities.