Bank of America
Quantitative Finance Analyst
Bank of America, Charlotte, North Carolina, United States, 28245
Quantitative Finance Analyst page is loaded
Quantitative Finance Analyst
Apply
locations
Charlotte
time type
Full time
posted on
Posted 3 Days Ago
job requisition id
24017972
Job 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 teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job DescriptionGlobal Markets Risk Management serves as independent market risk oversight of the Firm’s trading activities. The Global Market Risk Stress Testing team within this organization is responsible for the implementation and management of critical enterprise processes and analysis to support the global markets business and senior risk management.
The team is seeking a highly motivated individual to support market risk stress testing, including regulatory mandated stress testing activities, formal and ad-hoc scenario analysis. The candidate in this role will have a wide range of responsibilities from evaluating new and emerging risks in the portfolio to ensuring that the Firm surpasses regulatory expectations. This work will require extensive engagement across risk functions and other partners across the Firm. The candidate will also be a key participant in regulatory exams related to stress testing and will become the subject matter expert on key aspects of market risk stress testing. This role will be expected to support the team’s success through an individual contributor role and will have no formal management responsibilities.
This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include supporting models uses, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models. 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
Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approach
Ensure success of the Firm’s trading and counterparty stress testing processes
Analyze scenario analysis results to understand the key drivers
Work with subject matter experts to create presentations and documentation for stress testing activities
Engage with technology and data partners to improve the technology platforms used to manage the processes
Minimum Education Requirement:
Master’s degree in related field or equivalent work experienceRequired Qualifications:Incumbents typically have less than 10 years of experience in the financial industry, ideally with exposure to market risk concepts
Highly motivated individual who fully understands the demands of a market risk professional with ability to work in a fast-paced environment
Highly proficient at communication with ability to influence co-workers across our global team and all levels of the organization
Intellectually curious with the ability to investigate and develop root cause analysis for issues and propose corresponding process or technology changes
Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously
Skills:Critical Thinking
Adaptability
Collaboration
Problem Solving
Risk Management
Data and Trend Analysis
Research
Written Communications
Shift:1st shift (United States of America)
Hours Per Week:40
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Posted 14 Days AgoBank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.
Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.Regardless of the position you are interested in, the starting points to building your resume are the same:1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications.2. Think about why you can do the job and make a list of your skills that are relative to the job.3. Identify experiences or accomplishments that show your proficiency in the skills required for the job.4. Summarize your abilities, accomplishments and skills into a brief, concise document.
Considerations when writing a resume• Do be brief. Resumes should be 1-2 pages in length.• Do be upbeat and active in your wording.• Do emphasize what you have done clearly and concretely.• Do be neat and well organized.• Do have others proofread and critique your resume. Spell check. Make it error free.• Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible.• Don't be dishonest, always tell the truth about yourself in the most flattering light.• Don't include salary history or requirements.• Don't include references.• Don't include accomplishments that do not support your professional goals.•
Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)• Don't use italics, underlining, shadows or other fancy treatments.Seven steps to a successful interview1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.
#J-18808-Ljbffr
Quantitative Finance Analyst
Apply
locations
Charlotte
time type
Full time
posted on
Posted 3 Days Ago
job requisition id
24017972
Job 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 teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job DescriptionGlobal Markets Risk Management serves as independent market risk oversight of the Firm’s trading activities. The Global Market Risk Stress Testing team within this organization is responsible for the implementation and management of critical enterprise processes and analysis to support the global markets business and senior risk management.
The team is seeking a highly motivated individual to support market risk stress testing, including regulatory mandated stress testing activities, formal and ad-hoc scenario analysis. The candidate in this role will have a wide range of responsibilities from evaluating new and emerging risks in the portfolio to ensuring that the Firm surpasses regulatory expectations. This work will require extensive engagement across risk functions and other partners across the Firm. The candidate will also be a key participant in regulatory exams related to stress testing and will become the subject matter expert on key aspects of market risk stress testing. This role will be expected to support the team’s success through an individual contributor role and will have no formal management responsibilities.
This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include supporting models uses, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models. 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
Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approach
Ensure success of the Firm’s trading and counterparty stress testing processes
Analyze scenario analysis results to understand the key drivers
Work with subject matter experts to create presentations and documentation for stress testing activities
Engage with technology and data partners to improve the technology platforms used to manage the processes
Minimum Education Requirement:
Master’s degree in related field or equivalent work experienceRequired Qualifications:Incumbents typically have less than 10 years of experience in the financial industry, ideally with exposure to market risk concepts
Highly motivated individual who fully understands the demands of a market risk professional with ability to work in a fast-paced environment
Highly proficient at communication with ability to influence co-workers across our global team and all levels of the organization
Intellectually curious with the ability to investigate and develop root cause analysis for issues and propose corresponding process or technology changes
Effective time management skills, with the ability to manage multiple high priority deliverables simultaneously
Skills:Critical Thinking
Adaptability
Collaboration
Problem Solving
Risk Management
Data and Trend Analysis
Research
Written Communications
Shift:1st shift (United States of America)
Hours Per Week:40
Similar Jobs (2)
Quantitative Finance Analyst - Enterprise Risk Analytics (ERA)
locations
4 Locations
time type
Full time
posted on
Posted 14 Days Ago
Quantitative Financial Analyst - Consumer Model Development & Operations
locations
3 Locations
time type
Full time
posted on
Posted 14 Days AgoBank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.
Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity.Regardless of the position you are interested in, the starting points to building your resume are the same:1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications.2. Think about why you can do the job and make a list of your skills that are relative to the job.3. Identify experiences or accomplishments that show your proficiency in the skills required for the job.4. Summarize your abilities, accomplishments and skills into a brief, concise document.
Considerations when writing a resume• Do be brief. Resumes should be 1-2 pages in length.• Do be upbeat and active in your wording.• Do emphasize what you have done clearly and concretely.• Do be neat and well organized.• Do have others proofread and critique your resume. Spell check. Make it error free.• Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible.• Don't be dishonest, always tell the truth about yourself in the most flattering light.• Don't include salary history or requirements.• Don't include references.• Don't include accomplishments that do not support your professional goals.•
Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.)• Don't use italics, underlining, shadows or other fancy treatments.Seven steps to a successful interview1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview?2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available?3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight.4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down.5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks.6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease.7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage.
#J-18808-Ljbffr