Quantitative Operations Associate

1 week ago


Charlotte, North Carolina, United States Bank of America Full time
Job Summary

Global Operations Data Management and Analytics team is seeking a motivated individual with strong quantitative skills and experience in simulation modeling, operations research, and/or analytics.

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 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


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