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Senior Quantitative Risk Analyst

2 months ago


Newark, Delaware, United States Bank of America Full time
Position Overview:

As a Senior Quantitative Risk Analyst at Bank of America, you will play a pivotal role in enhancing our financial analytics capabilities. This position is situated within the Consumer Loss Forecasting (CLF) team, which is integral to our Global Risk Analytics (GRA) organization.

Key Responsibilities:
  • Conduct advanced quantitative analyses and develop sophisticated models to support the management of risk and capital.
  • Focus on the US Credit Card and Business Card portfolios, particularly in relation to CECL (Current Expected Credit Loss) forecasting.
  • Collaborate with various stakeholders, including model developers, finance teams, and risk management units, to ensure comprehensive understanding and communication of loss projections.
  • Oversee the end-to-end process of loss forecasting, ensuring timely and accurate submissions that align with regulatory requirements.
  • Engage in the continuous improvement of forecasting methodologies, utilizing historical data and back-testing to refine models and enhance predictive accuracy.
  • Prepare executive-level presentations and reports that clearly articulate trends, insights, and recommendations to senior management and governance partners.

Required Qualifications:
  • Graduate degree in a quantitative field such as Mathematics, Economics, or Finance.
  • A minimum of 8 years of experience in quantitative analysis, model development, or related fields.
  • Demonstrated expertise in risk management, credit analysis, and financial operations.
  • Strong analytical skills with proficiency in data analysis tools such as Tableau and MS Excel.
  • Exceptional communication skills, capable of conveying complex concepts to both technical and non-technical audiences.

Desired Skills:
  • Experience with regulatory frameworks such as CECL, DFAST, or CCAR.
  • Programming skills in languages such as SQL, Python, or R.
  • Proven leadership and project management capabilities.

Work Environment:
Bank of America is committed to fostering a diverse and inclusive workplace. We value the unique perspectives and experiences of our employees and strive to create an environment where everyone can thrive. Join us in our mission to make financial lives better through every connection.