QFA Quantitative Finance Analyst

Found in: Talent US C2 - 2 weeks ago

New York, United States Bank of America Full time

Description

:
This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities:

Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization Identifies 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 Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite Supports the 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 Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

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

Minimum Education Requirement: Null

Overview of Global Risk Analytics

Bank of America Merrill Lynch has an opportunity for a Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard. GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities. 

Overview of the Team

Global Markets Risk Analytics (GMRA) is part of Global Risk Analytics (GRA). It responsible for developing, maintaining, and monitoring counterparty credit risk and market risk models. GMRA also develops analytical tools to support regulatory, audit, and internal risk management needs for Global Markets.

This role sits within Market Risk Analytics Quant group (MRQ), which covers analytics and tools for all general market and specific risk models and methodologies subject to trading and banking books capital rules across Market Risk. Additionally, you will have the opportunity to gain experience across all areas covered including Prime Brokerage, UMR-SIMM and IRC/CRM. This is an excellent opportunity to work in a fast growing, international team.

Overview of the Role

As a Quantitative Finance Analyst on Market Risk Analytics team, your responsibilities will involve:

• Develop quantitative risk models, analytics and applications in support of market risk assessment and regulatory capital calculation
• Partner with internal groups including Capital, Risk, Technology, Model Risk Management and Market Risk Management on model enhancement, performance testing and documentation to remediate internal and external requirements
• Conduct analysis and verification on market data, risk metrics and P&L time series
• Prepare developmental evidence and document to support internal and external exams
• Perform analysis for VaR/RNiV model development, documentations/submissions and aid in addressing required action items raised by model risk management, issues from regulators, audit and model performance tests
• Perform statistical analysis on market historical data and model parameters
• Develop and support benchmarking and backtesting. Identify, analyze, explain any overages
• Identify common themes across global markets along with improvement initiatives
• Communicate the results of this analysis to all model stakeholders including risk management, model development, model risk, senior management and our regulators
• Support model development in confirming remediation of model issues prior to their being taken live

Position Overview

IF014 - Quantitative Finance Analyst (B5)

Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products.Required Education, Skills, and Experience

• Master's degree or PhD required (preferably background in Mathematics, Financial Mathematics/Engineering, Quantitative Finance, Statistics, Econometrics, Physics, computer science, or equivalent) and 2+ years’ experience
• Working knowledge of risk or pricing models for fixed income or commodity products
• Understanding of regulatory capital and risk management framework and stress testing requirement
• Solid working experience in a related field (Market Risk, Middle Office)
• Broad financial product knowledge
• Proven programming skills (Python, C++, SQL, or equivalent object-oriented programming) to write reusable and testable code to develop tools and improve process efficiency for reporting and calculation automation
• Experience in data analysis, with excellent research and analytical skills
• Pro-active behavior with capacity to seize initiative
• Good written and oral communication, interpersonal and organizational skills and ability to build and maintain relationships with personnel across areas and regions
• Ability to multitask with excellent time management skills

Desired Skills and Experience
• Past experience in IBOR transition / FRTB is a plus

Shift:

1st shift (United States of America)

Hours Per Week: 

40

  • QFA Quantitative Finance Analyst

    1 week ago

    New York, United States The Bank of America Corporation Full time

    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 Finance Analyst, Quantitative, Finance, Analyst, Technical, Technology, Banking

  • Quantitative Researcher

    Found in: beBee jobs US - 18 hours ago

    New York, New York, United States Octavius Finance Full time

    We are currently working with a global investment bank, who is looking to expand their QIS team in New York. The ideal candidate will have a strong background in commodities and options, with a strong interest in for quantitative analysis. Responsibilities:Conduct research and analysis to develop quantitative trading models focused on commodities and options...

  • Sr. Quantitative Finance Analyst

    Found in: beBee jobs US - 4 days ago

    New York, New York, United States Bank of America Full time

    Job Description:Job DescriptionBank of America Merrill Lynch has an opportunity for a Sr. Quantitative Financial Analyst within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and...

  • Quantitative Finance Analyst

    5 days ago

    New York, United States The Bank of America Corporation Full time

    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 Finance Analyst, Analytics, Behavior, Quantitative, Analyst, Finance, Technology, Banking

  • Quantitative Developer/Analyst

    6 days ago

    New York, United States DTG Finance & Capital Markets Full time

    Quantitative Developer role at a reputable multi-strategy hedge fund manager's team that works directly with quantitative researchers and portfolio managers designing, implementing, deploying and using software for research and trading purposes.As part of quant team, quantitative developers/analysts use modern development and analytics principles and work...

  • Quantitative Developer/Analyst

    1 week ago

    New York, United States DTG Finance & Capital Markets Full time

    Quantitative Developer role at a reputable multi-strategy hedge fund manager's team that works directly with quantitative researchers and portfolio managers designing, implementing, deploying and using software for research and trading purposes.As part of quant team, quantitative developers/analysts use modern development and analytics principles and work...

  • Quantitative Researcher

    Found in: beBee S US - 3 days ago

    New York, United States Octavius Finance Full time

    We are currently working with a global investment bank, who is looking to expand their QIS team in New York. The ideal candidate will have a strong background in commodities and options, with a strong interest in for quantitative analysis. Responsibilities: Conduct research and analysis to develop quantitative trading models focused on commodities and...

  • Quantitative Researcher – QIS – New York

    1 week ago

    New York, United States Octavius Finance Full time

    We are currently working with a global investment bank, who is looking to expand their QIS team in New York.   The ideal candidate will have a strong background in commodities and options, with a strong interest in for quantitative analysis.   Responsibilities: Conduct research and analysis to develop quantitative trading models focused on commodities and...

  • Quantitative Researcher – QIS – New York

    2 hours ago

    New York, United States Octavius Finance Full time

    We are currently working with a global investment bank, who is looking to expand their QIS team in New York.   The ideal candidate will have a strong background in commodities and options, with a strong interest in for quantitative analysis.   Responsibilities: Conduct research and analysis to develop quantitative trading models focused on commodities and...

  • Quantitative Analyst

    1 week ago

    New York, United States Brain Gain Recruiting Full time

    JOB DESCRIPTION A top global investment company is seeking highly motivated and creative Quantitative Analysts to join its esteemed Quantitative Strategies team. We are looking for individuals who are passionate about applying advanced mathematical techniques and software development skills to design, analyze, and implement statistical models for...

  • Quantitative Analyst

    Found in: Appcast Linkedin GBL C2 - 2 weeks ago

    New York, United States Brain Gain Recruiting Full time

    JOB DESCRIPTIONA top global investment company is seeking highly motivated and creative Quantitative Analysts to join its esteemed Quantitative Strategies team.We are looking for individuals who are passionate about applying advanced mathematical techniques and software development skills to design, analyze, and implement statistical models for computerized...

  • Quantitative Analyst

    2 weeks ago

    New York, United States Brain Gain Recruiting Full time

    JOB DESCRIPTIONA top global investment company is seeking highly motivated and creative Quantitative Analysts to join its esteemed Quantitative Strategies team.We are looking for individuals who are passionate about applying advanced mathematical techniques and software development skills to design, analyze, and implement statistical models for computerized...

  • Senior Quantitative Analyst

    2 days ago

    New York, United States Brain Gain Recruiting Full time

    Company Description A Leading Global Investment Company is seeking highly motivated and creative Quantitative Analysts and Senior Quantitative Analysts to join its esteemed Quantitative Strategies organization. We are looking for individuals who are passionate about applying advanced mathematical techniques and software development skills to design, analyze,...

  • Quantitative Analyst

    Found in: beBee jobs US - 2 weeks ago

    New York, New York, United States Selby Jennings Full time

    Summary:A Tier 1 US investment bank is seeking an experienced quantitative analysts and prepayment modelers. Our client, based in New York City, seeking an associate or vice president with expertise in non-agency RMBS, residential credit modeling from scratch using c++, python, and machine learning (3+ years of experience).Qualifications: Master's degree or...

  • Quantitative Analyst

    1 week ago

    New York, United States Jonathan Edward Staffing Full time

    Quantitative Analyst Lead 180-375k Hybrid in NYC This position will be part of the Mortgage Model Development Group that will focus on mathematical concepts and programming. The group manages all quantitative modeling related to market and interest rate risk on the bank's mortgage products including consumer banking mortgage activities, trading activities...

  • Quantitative Equity Risk Analyst

    1 week ago

    New York, United States Capstone Search Advisors Full time

    Are you an experienced Quantitative Equity Risk Analyst looking for a new challenge? We have a fantastic opportunity available at a Start-Up Event Driven Hedge Fund in the heart of New York, NY.As a Quantitative Equity Risk Analyst, you will collaborate closely with the investment team to refine their understanding of risk exposures, leveraging commercially...

  • Quantitative Equity Risk Analyst

    Found in: Appcast Linkedin GBL C2 - 2 weeks ago

    New York, United States Capstone Search Advisors Full time

    Are you an experienced Quantitative Equity Risk Analyst looking for a new challenge? We have a fantastic opportunity available at a Start-Up Event Driven Hedge Fund in the heart of New York, NY.As a Quantitative Equity Risk Analyst, you will collaborate closely with the investment team to refine their understanding of risk exposures, leveraging commercially...

  • Quantitative Equity Risk Analyst

    Found in: Appcast US C2 - 1 week ago

    New York, United States Capstone Search Advisors Full time

    Are you an experienced Quantitative Equity Risk Analyst looking for a new challenge? We have a fantastic opportunity available at a Start-Up Event Driven Hedge Fund in the heart of New York, NY.As a Quantitative Equity Risk Analyst, you will collaborate closely with the investment team to refine their understanding of risk exposures, leveraging commercially...

  • Senior Quantitative Researcher

    7 days ago

    New York, United States CareerBuilder Full time

    We are a leading multi-strategy hedge fund at the forefront of applying cutting-edge machine learning techniques to quantitative trading strategies. With a focus on innovation and technology-driven investment approaches, we leverage data science and artificial intelligence to generate alpha. We are seeking a talented AI/ML Researcher to join our dynamic team...

  • Quantitative Developer/Analyst

    Found in: Appcast US C2 - 5 days ago

    New York, United States IT People Corp Full time

    Quantitative Developer and Research AnalystExcellent opportunity - Direct/Perm position in New York City, NY (Manhattan)Join our fast-growing client an contribute to new initiatives and become part of an exceptional team. You will collaborate with researchers to innovate research tools to take trading capabilities to new heights. Rewards are high with...