Quantitative Research Summer Associate Program

5 days ago


Bronx NY USA, United States Bank of America Full time
Job Description & Program Overview

As a summer associate in our Cross-Asset Quantitative Research program at Bank of America, you will have the opportunity to work on cutting-edge projects and gain hands-on experience in quantitative research. You will be part of a dynamic team that develops and implements advanced quantitative models to drive business growth and optimize risk management.

Key Responsibilities:
  • Conduct primary research in areas such as machine learning, data science, and financial derivatives to develop innovative strategies for risk management and asset allocation.
  • Apply advanced quantitative techniques to analyze large datasets and identify opportunities for growth and optimization.
  • Collaborate with cross-functional teams to develop and implement new business initiatives and improve existing processes.
  • Develop and maintain complex models and algorithms to support business decisions and drive growth.
  • Communicate complex ideas and results to non-technical stakeholders through clear and concise reports and presentations.
Qualifications:
  • Pursuing a graduate degree (Masters or Ph.D.) in a field of Quantitative Finance, Financial Engineering, or a related technical field.
  • Experience in managing and analyzing large datasets with modern data-science tools and strong knowledge of advanced machine learning techniques.
  • Knowledge of financial derivatives, including futures and options, and their underlying pricing models.
  • Proficiency in Python and Excel, as well as machine learning packages.
  • Distinguished written and verbal communication skills and ability to communicate complex ideas clearly and concisely.
  • Ability to work independently and drive toward a completed end product.
  • Strong attention to detail and exercise strong quality control over own work.
  • A passion and curiosity for research combined with an ability to rapidly drive results under uncertainty.
What We Offer:
  • A dynamic and collaborative work environment with opportunities for growth and development.
  • A competitive salary and benefits package.
  • The opportunity to work on cutting-edge projects and gain hands-on experience in quantitative research.
  • A chance to make a meaningful impact on the business and drive growth and optimization.


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