Market Risk Quantitative Analyst

2 weeks ago

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

Market Risk Quantitative Analyst

Location: Charlotte, North Carolina

Position Overview:

At Bank of America, we are committed to enhancing financial well-being through every connection we make. Our principle of Responsible Growth shapes our operations and ensures we deliver exceptional service to our clients, colleagues, communities, and shareholders.

We strive to create a workplace that is diverse and inclusive, welcoming individuals from various backgrounds and experiences. Our investment in our employees and their families is reflected in our competitive benefits, designed to support their physical, emotional, and financial health.

Bank of America values collaboration while also offering flexibility tailored to the diverse roles within our organization.

Joining Bank of America provides a unique opportunity to advance your career, acquire new skills, and make a meaningful impact.

Role Responsibilities:

This position involves executing quantitative analysis and modeling initiatives for designated business units or risk categories. Key responsibilities include:

  • Conducting comprehensive market risk stress testing, which encompasses scenario design, implementation, results consolidation, and reporting.
  • Assisting in the strategic planning of quantitative priorities aligned with the bank's overarching goals.
  • Identifying opportunities for continuous improvement through thorough reviews of model development and validation processes.
  • Providing support for model development and risk management to meet business needs and align with the enterprise's risk appetite.
  • Offering methodological and analytical guidance to influence the strategic direction of development and validation projects.
  • Collaborating closely with model stakeholders and senior management to communicate validation outcomes effectively.
  • Performing statistical analyses on extensive datasets and interpreting results through both qualitative and quantitative lenses.

The Global Markets Risk Management team serves as an independent oversight entity for the firm's trading activities. Within this team, the Global Market Risk Stress Testing group is responsible for managing critical enterprise processes and analyses that support the global markets business and senior risk management.

The ideal candidate will be a proactive individual dedicated to supporting market risk stress testing, including regulatory requirements and scenario analyses. Responsibilities will range from assessing emerging risks to ensuring compliance with regulatory standards. This role will involve extensive collaboration across risk functions and other partners within the firm.

Key Qualifications:

  • A Master's degree in a relevant field or equivalent professional experience.
  • Several years of experience in the financial sector, particularly with market risk concepts.
  • A highly motivated individual capable of thriving in a fast-paced environment.
  • Strong analytical skills with the ability to conduct root cause analysis and propose process improvements.
  • Effective time management skills to handle multiple high-priority tasks simultaneously.

Work Schedule:

1st shift (United States of America)

Hours Per Week:

40

Bank of America is an equal opportunity employer and is committed to creating a diverse and inclusive workplace. We consider qualified candidates for employment without regard to race, religion, color, sex, sexual orientation, gender identity, national origin, disability status, or any other factor prohibited by law.

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