3 hours

Quantitative Finance Analyst

Bank of America
Charlotte, NC
  • Job Code
Company Bank of America

Job Title Quantitative Finance Analyst

Jobid bankofamerica-17072487CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**

The Quant Team in Bank of America's Global Banking and Markets Stress Testing team combines financial expertise and programming skills to quantify, summarize, and report revenue, expense and balance sheet impacts from various adverse economic scenarios. Members of the team investigate relationships between macro-economic variables revenue streams to identify statistically significant relationships to enable modeling of those revenue streams in various economic environments. They develop complex program models to extract data and use databases and external data sources to provide statistical and financial modeling. On a quarterly basis, all members of the Quant Team run models, prepare summary results and presentation materials, and present the results to Finance and Business partners for approval.Also, the Quant Team discusses forecasts derived using complex, statistical models with both technical audiences, including statisticians and modelers and non-technical audiences, and presents financial results in a non-technical manner to Heads of Business and Senior Management.In addition, the Quant Team helps work through the model validation process and maintains process documentation, as required for internal governance or regulatory requirements.

The results are used in deliverables for the CCAR (Comprehensive Capital Analysis and Review), the Federal Reserve’s annual assessment of the capital adequacy for the largest and most complex U.S. Banks, and OCC’s equivalent DFAST requirement. Both mid-year and year-end reporting is required, and is completed through the compilation of FR Y-14A reporting templates and supporting documentation

This is an excellent opportunity for growth, as this team interacts across all of GBAM’s business units, including Lines of Business, Finance, Risk, and other support partners.

**Education and Experience Requirement**

Master's degree or equivalent in Economics, Finance, or a related quantitative field, and 2 years ofexperience with technical or quantitative projects in the financial services industry.

**Special Requirements**

Experience in each of the following is considered an asset:

+ Performing programming in SAS or R, with a special focus on time series modeling to support running econometric models;

+ Developing scripts/code to automate data reports;

+ Performing CCAR Stress Testing and utilizing methodologies to project revenue and balance sheet through models/qualitative approaches;

+ Using strong analytical, critical thinking and problem solving skills to lead or facilitate discussions across various levels of stakeholders/support partners to drive adoption of new technologies

**Posting Date** : 11/10/2017

**Location** :

Charlotte, NC, HEARST TOWER, 214 N TRYON ST,

- United States

**Travel** : Yes, 15% of the time

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .

**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

**Frequently Asked Questions**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

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Quantitative Finance Analyst

Bank of America
Charlotte, NC

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Bank of America
Charlotte, NC

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