Quantitative Finance Analyst

Bank Of America Quantitative Finance AnalystAt Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!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 driversSupports the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritizationIdentifies 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/validationSupports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetiteSupports 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 riskWorks closely with model stakeholders and senior management with regard to communication of submission and validation outcomesPerforms statistical analysis on large datasets and interprets results using both qualitative and quantitative approachesAs a Quantitative Finance Analyst on the team, your main responsibilities will involve:Development of wholesale credit risk models including loss forecasting, commercial scorecards, behavioral score, regulatory capital models.Executing in-depth analysis of wholesale credit performance and financial data.Preparing white papers for developed models.Interacting with internal model risk management, addressing potential concerns, and remediating model related findings.Supporting post implementation activities including ongoing monitoring review and interaction with various stakeholders. May be responsible for independently conducting quantitative analytics and complex modeling projects. Support efforts in development of new models, analytic processes, or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills.Required Qualifications:Master's degree in Math, Economics, Statistics, Engineering, Finance, Computer Science or similar discipline5+ years professional experience developing credit risk modelsStrong Programming skills e.g. R, Python, SAS, SQL or other languagesStrong analytical and problem-solving skillsExperience using and developing cross-sectional modelsExperience implementing models into various production environmentsEffectively creates a compelling story using data; Able to make recommendations and articulate conclusions supported by dataEffectively presents findings, data, and conclusions to influence senior leadersDemonstrated leadership skills; Ability to exert broad influence among peersAbility to work in a large, complex organization, and influence various stakeholders and partnersSelf-starter; Initiates work independently, before being askedStrong team player able to seamlessly transition between contributing individually and collaborating on team projects; Understands that individual actions may require input from manager or peers; Knows when to include othersStrong communication skills and ability to effectively communicate quantitative topics to technical and non-technical audiencesAbility to work in a highly controlled and audited environmentEffective at prioritization, and time and project managementSees the broader picture and is able to identify new methods for doing thingsStrategic thinker that can understand complex business challenges and potential solutionsExperience with complex data architecture, including modeling and data science tools and libraries, data warehouses, and machine learningAbility to extract, analyze, and merge data from disparate systems, and perform deep analysisExperience developing and maintaining complex databases and data setsExperience using data mining and other advanced analytical techniques to aggregate data for model development and/or to produce management reportingExperience managing large data sets utilizing tools such as HadoopExperience designing, developing, and applying scalable Machine Learning and Artificial Intelligence solutionsExperience with data analytics and visualization tools (e.g., Alteryx, Tableau, MicroStrategy)Experience with LaTeXExperience building data architecture that is optimized for large dataset retrieval, analysis, storage, cleansing, and transformationDemonstrated ability to drive action and sustain momentum to achieve resultsIdentifies, assigns, and manages project tasks and timelines across teamsExperience with engineering complex, multifaceted processes that span across teams; Able to document process steps, inputs, outputs, requirements, identify gaps and improve workflow.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 experienceShift: 1st shift (United States of America)Hours Per Week: 40