Senior Quantitative Finance Specialist
2 weeks ago
At Bank of America, our mission is to enhance financial well-being through meaningful connections.
We prioritize Responsible Growth, ensuring that we deliver value to our clients, colleagues, communities, and shareholders consistently.
Creating a supportive workplace is essential to our success, and we are committed to fostering diversity and inclusion across our global teams.
We seek individuals with varied backgrounds and experiences, investing in our employees and their families by providing competitive benefits that promote overall well-being.Bank of America champions collaboration while offering flexible work arrangements tailored to the diverse roles within our organization.
Working with us provides an excellent opportunity for career advancement, learning, and making a significant impact.
Key Responsibilities:
Enterprise Model Risk Management is looking for a Senior Quantitative Finance Analyst to perform independent evaluations and testing of various models utilizing advanced statistical methodologies, alongside artificial intelligence (AI) and machine learning (ML) techniques, specifically for models related to Operational Risk and Global Operations.
The Senior Quantitative Finance Analyst role is crafted to deliver both strategic insight and practical expertise in methodologies, techniques, and adherence to model risk management standards.
Core Duties Include:
1. Conducting model review activities, which encompass independent model validation, annual assessments, ongoing monitoring, and peer evaluations.
2. Engaging in governance tasks such as model identification, approval processes, and breach remediation to effectively manage model risk.
3. Offering methodological, analytical, and technical guidance to influence the strategic direction and operational approaches of various projects.
4. Collaborating directly with relevant modeling teams and their respective Front Line Units; as necessary, liaising with internal audit and external regulatory bodies.
5. Drafting technical reports for distribution and presentation to model developers, senior management, and regulatory authorities.
6. Serving as a leader and Subject Matter Expert (SME) to support management decision-making and mentor junior team members.
Minimum Education Requirement:
Master’s degree in a relevant field.
Required Qualifications & Skills:
PhD or Master’s in a quantitative discipline such as Mathematics, Physics, Finance, Engineering, Computer Science, or Statistics.
8+ years of cumulative experience in quantitative research, model development, and/or validation, including a minimum of 3 years focused on Operational Risk Stress Testing (CCAR) and capital models.
Strong foundation in financial, mathematical, and statistical theories, along with a comprehensive understanding of the modeling process, performance metrics, and model risk governance.
Familiarity with the additional risks associated with AI/ML models is advantageous.Proficiency in at least one high-level programming language, such as Python or R.
Domain expertise in banking operations, stress testing, and operational management technologies is beneficial.
Excellent written and verbal communication skills, with the ability to collaborate effectively across diverse groups, including those with non-technical backgrounds.
Strong critical thinking skills and the capacity to independently identify, suggest, and resolve issues.
Essential Skills:
Critical Thinking
Quantitative Development
Risk Analytics
Risk Modeling
Technical Documentation
Adaptability
Collaboration
Problem Solving
Risk Management
Test Engineering
Data Modeling
Data and Trend Analysis
Process Performance Measurement
Research
Written Communications
Shift: 1st shift (United States of America)
Hours Per Week: 40
#J-18808-Ljbffr
-
Senior Quantitative Finance Specialist
2 weeks ago
Jersey City, New Jersey, United States Bank of America Full timePosition Overview:At Bank of America, we are committed to enhancing financial lives through meaningful connections. Our approach to Responsible Growth emphasizes our dedication to our clients, colleagues, communities, and shareholders.We prioritize creating an inclusive and diverse workplace, welcoming individuals from various backgrounds and experiences....
-
Senior Analyst in Quantitative Finance
2 weeks ago
Jersey City, New Jersey, United States Bank of America Full timePosition Title: Senior Analyst in Quantitative FinanceLocation: Various LocationsJob Overview:At Bank of America, our mission is to enhance financial well-being through every interaction. We are committed to Responsible Growth, ensuring that we meet the needs of our clients, employees, communities, and shareholders consistently.We believe that fostering a...
-
Lead Quantitative Finance Specialist
2 weeks ago
Jersey City, New Jersey, United States Bank of America Full timeJob Overview: At Bank of America, our mission is to enhance financial well-being through every connection we make. We are committed to Responsible Growth, which reflects our dedication to serving our clients, colleagues, communities, and shareholders consistently. We strive to create an inclusive and diverse workplace, recognizing the value of varied...
-
Sr. Quantitative Finance Analyst
4 weeks ago
Jersey City, New Jersey, United States Bank of America Full timeJob Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our...
-
Quantitative Finance Expert
4 days ago
Jersey City, New Jersey, United States Bank of America Full timeJob DescriptionAt Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Our company is driven by a commitment to responsible growth, which means we prioritize the well-being of our employees, customers, and communities.We strive to be a diverse and inclusive workplace, where everyone...
-
Principal Analyst in Quantitative Finance
2 weeks ago
Jersey City, New Jersey, United States Bank of America Full timeJob Overview: At Bank of America, our mission is to enhance financial well-being through meaningful connections. We prioritize Responsible Growth, ensuring that we deliver value to our clients, colleagues, communities, and shareholders consistently. We are committed to fostering a diverse and inclusive environment, recognizing that a variety of backgrounds...
-
Vice President of Quantitative Finance
7 days ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance to oversee model performance evaluation, continuous monitoring, and data integrity assessments. This role involves conducting in-depth analytical research on model outcomes and testing results, as well as assessing model efficacy.Key Responsibilities:- Execute...
-
Senior Quantitative Analyst
1 day ago
Jersey City, New Jersey, United States Dtcc Full timeAbout the RoleWe are seeking a highly skilled Quantitative Finance Expert to join our team at DTCC. As a key member of our Model Risk Management (MRM) team, you will play a critical role in ensuring the accuracy and reliability of our financial models.Key ResponsibilitiesPerform hands-on validations and reviews of our organization's model inventory in...
-
Quantitative Finance Manager
1 month ago
Jersey City, New Jersey, United States Bank of America Full timeJob Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our...
-
Quantitative Finance Analyst
1 month ago
Jersey City, New Jersey, United States Bank of America Full timeJob Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our...
-
Vice President of Quantitative Finance
2 weeks ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance to engage in comprehensive model performance evaluation, oversight, and data integrity analysis. This role involves conducting in-depth analytical studies on model outcomes and testing results, as well as assessing model efficacy.Key Responsibilities:- Execute model...
-
Vice President of Quantitative Finance
2 weeks ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance Analyst to engage in model performance evaluation, oversight, and data integrity assessment. This role involves conducting analytical investigations into model outcomes and testing results, as well as monitoring model efficacy.Key Responsibilities:- Execute...
-
Vice President of Quantitative Finance
2 weeks ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance to oversee model performance evaluation, continuous monitoring, and data integrity assessments. This role involves conducting in-depth analytical studies on model outcomes and testing results, as well as evaluating model efficiency.Key Responsibilities:- Execute model...
-
Vice President of Quantitative Finance
7 days ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance to engage in model performance evaluation, oversight, and data integrity verification. This role involves conducting analytical investigations into model outcomes and testing results, as well as assessing model efficacy.Key Responsibilities:- Execute model performance...
-
Vice President of Quantitative Finance
7 days ago
Jersey City, New Jersey, United States Bank of America N.A. Full timePosition Overview:Bank of America N.A. is seeking a Vice President of Quantitative Finance to engage in comprehensive model performance evaluation, oversight, and data integrity analysis. This role involves conducting in-depth analytical investigations into model outcomes and testing results, as well as assessing model efficacy.Key Responsibilities:- Execute...
-
Lead Quantitative Analyst
7 days ago
Jersey City, New Jersey, United States ZAR IT Solutions Full timeJob OverviewPosition: Senior Quantitative DeveloperCompany: ZAR IT SolutionsWe are seeking a highly skilled Senior Quantitative Developer to contribute to our dynamic team. This role requires a strong aptitude for quantitative analysis, programming expertise, and a foundational understanding of financial modeling.Key Responsibilities:Develop and implement...
-
Quantitative Finance Manager
1 month ago
Jersey City, New Jersey, United States Bank of America Full timeJob Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our...
-
Senior Quantitative Analyst
2 weeks ago
Jersey City, New Jersey, United States Software Guidance and Assistance, Inc. Full timeSoftware Guidance & Assistance, Inc. (SGA) is seeking a Quantitative Analyst for a CONTRACT opportunity with a leading Financial Services organization. Key Responsibilities:Enhance and maintain proprietary fixed income risk assessment models.Develop and generate performance metrics and analytical reports to facilitate communication with internal...
-
Lead Quantitative Analyst
2 weeks ago
Jersey City, New Jersey, United States ZAR IT Solutions Full timeJob OverviewPosition: Senior Quantitative DeveloperLocation: Hybrid roleContract Type: 1 year ContractCompensation: W2 Pay rate $100/hr.We are seeking a highly motivated individual with a strong aptitude for quantitative analysis and programming. The ideal candidate will possess skills in Python and SQL, along with a foundational understanding of financial...
-
Lead Quantitative Analyst
2 weeks ago
Jersey City, New Jersey, United States ZAR IT Solutions Full timeJob OverviewPosition: Senior Quantitative DeveloperLocation: HybridContract Type: 1 year ContractCompensation: W2 Pay rate $100/hr.We are seeking a highly motivated individual with a strong aptitude for quantitative analysis and programming. The ideal candidate will possess solid skills in Python and SQL, along with a background in financial modeling. While...