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Quantitative Risk Management Specialist

2 months ago

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

We are seeking a highly skilled Senior Quantitative Finance Analyst to join our team at Bank of America. As a key member of our organization, you will be responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types.

Key Responsibilities
  • Lead the development of new models, analytic processes, or system approaches
  • Create technical documentation for related activities
  • Work with Technology staff in the design of systems to run models developed
  • Perform end-to-end market risk stress testing, including scenario design, scenario implementation, results consolidation, internal and external reporting, and analysis of stress scenario results
  • Identify continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
  • Maintain and provide oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
  • Lead and provide methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
  • Work closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
  • Perform statistical analysis on large datasets and interpret results using both qualitative and quantitative approaches
Requirements
  • Master's degree in a related field or equivalent work experience
  • Strong analytical and problem-solving skills
  • Excellent communication and technical documentation skills
  • Ability to work in a fast-paced environment and prioritize multiple tasks
  • Strong collaboration and teamwork skills
What We Offer
  • A competitive salary and benefits package
  • Opportunities for professional growth and development
  • A dynamic and supportive work environment
  • The chance to work with a leading financial institution