2 days old
2017-12-072018-01-06

Quantitative Finance Analyst

Bank of America
Chicago, IL
  • Job Code
    bankofamerica-17065176ChicagoIL
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Company Bank of America

Job Title Quantitative Finance Analyst

Jobid bankofamerica-17065176ChicagoIL

Location: Chicago, IL, 60664, USA

Description **Job Description:**



Bank of America Merrill Lynch is looking for a Quantitative Financial Analyst in its Model Risk Management team. The successful candidate will work on the validation of market risk models.



**Responsibilities:**



+ Work closely with model developers and risk management groups

+ Critically review the underlying theory, assumptions, limitations, implementation and performance of the models

+ Identify and quantify associated model risk

+ Perform thorough testing of models, including implementation verification, performance testing, stress testing and alternative assumptions testing

+ Analyze results of ongoing monitoring of model performance

+ Prepare model validation reports and other technical documents



**Required Skills:**



+ PhD in a quantitative field such as mathematics, physics, engineering or operations research

+ Very strong mathematical and modeling skills

+ Knowledge of derivatives pricing theory a strong plus

+ Knowledge in statistics or time series econometrics a plus

+ Strong communication skills (written and verbal)



+ Strong programming skills (C++ or Python a plus)

+ Strong aptitude for independent critical thinking, including a healthy skepticism and intellectual curiosity

+ Effective team player

+ Hard working and detail oriented, “can-do” attitude



**Posting Date** : 09/21/2017



**Location** :

Chicago, IL, 135 S LA SALLE ST (IL4135),

- United States



**Travel** : Yes, 5% 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
Chicago, IL

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Quantitative Finance Analyst

Bank of America
Chicago, IL

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