Bank of America
Quantitative Finance Analyst - Residential Mortgage Models
Bank of America, Montvale, New Jersey, us, 07645
Job Title:
Quantitative Finance Analyst - Residential Mortgage ModelsLocations:
Charlotte, Atlanta, Jersey City, ChicagoTime Type:
Full timePosted On:
Posted 3 Days AgoJob Requisition ID:
24029873Job 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!Responsibilities:Performs end-to-end market risk stress testing including scenario design, implementation, results consolidation, internal and external reporting, and analysis of stress scenario results.Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy.Identifies continuous improvements through reviews of approval decisions on relevant model development or validation tasks.Supports model development and model risk management in respective focus areas.Provides methodological, analytical, and technical guidance to challenge and influence strategic direction.Works closely with model stakeholders and senior management regarding communication of submission and validation outcomes.Performs statistical analysis on large datasets and interprets results using qualitative and quantitative approaches.Skills:Critical ThinkingQuantitative DevelopmentRisk AnalyticsRisk ModelingTechnical DocumentationAdaptabilityCollaborationProblem SolvingRisk ManagementTest EngineeringData ModelingData and Trend AnalysisProcess Performance MeasurementResearchWritten CommunicationsMinimum Education Requirement:
Master’s degree in related field or equivalent work experience.Required Education, Skills, and Experience:Successful candidates will have a Masters or PhD in Math, Economics, Statistics, or similar discipline, and a minimum of 2 years relevant experience in statistics, data science, econometrics, and other quantitative analysis.Successful candidates will possess the following skills:Experience in data analysis, statistical model estimation, implementation, and testing.Strong programming skills in Python, SQL, Pandas, and NumPy.Quantitative documentation experience with LaTeX.Strong analytical and problem-solving skills.Ability to effectively present quantitative analysis to stakeholders.Desired Skills and Experience:Experience with HDFS, HIVE, and Spark.Ability to apply CI/CD tools (e.g., Git, JIRA, Confluence, Pytest, Jenkins, and SonarQube).In-depth business knowledge of mortgage lending.Experience with CCAR and CECL.Shift:
1st shift (United States of America)Hours Per Week:
40
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Quantitative Finance Analyst - Residential Mortgage ModelsLocations:
Charlotte, Atlanta, Jersey City, ChicagoTime Type:
Full timePosted On:
Posted 3 Days AgoJob Requisition ID:
24029873Job 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!Responsibilities:Performs end-to-end market risk stress testing including scenario design, implementation, results consolidation, internal and external reporting, and analysis of stress scenario results.Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy.Identifies continuous improvements through reviews of approval decisions on relevant model development or validation tasks.Supports model development and model risk management in respective focus areas.Provides methodological, analytical, and technical guidance to challenge and influence strategic direction.Works closely with model stakeholders and senior management regarding communication of submission and validation outcomes.Performs statistical analysis on large datasets and interprets results using qualitative and quantitative approaches.Skills:Critical ThinkingQuantitative DevelopmentRisk AnalyticsRisk ModelingTechnical DocumentationAdaptabilityCollaborationProblem SolvingRisk ManagementTest EngineeringData ModelingData and Trend AnalysisProcess Performance MeasurementResearchWritten CommunicationsMinimum Education Requirement:
Master’s degree in related field or equivalent work experience.Required Education, Skills, and Experience:Successful candidates will have a Masters or PhD in Math, Economics, Statistics, or similar discipline, and a minimum of 2 years relevant experience in statistics, data science, econometrics, and other quantitative analysis.Successful candidates will possess the following skills:Experience in data analysis, statistical model estimation, implementation, and testing.Strong programming skills in Python, SQL, Pandas, and NumPy.Quantitative documentation experience with LaTeX.Strong analytical and problem-solving skills.Ability to effectively present quantitative analysis to stakeholders.Desired Skills and Experience:Experience with HDFS, HIVE, and Spark.Ability to apply CI/CD tools (e.g., Git, JIRA, Confluence, Pytest, Jenkins, and SonarQube).In-depth business knowledge of mortgage lending.Experience with CCAR and CECL.Shift:
1st shift (United States of America)Hours Per Week:
40
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