Less than 1 hour

Quantitative Finance Analyst

Bank of America
Chicago, IL
  • Job Code
Company Bank of America

Job Title Quantitative Finance Analyst

Jobid bankofamerica-17067685ChicagoIL

Location: Chicago, IL, 60664, USA

Description **Job Description:**


Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills, especially in statistics, and a broad knowledge of financial markets and products. Programing skills in R and Python are a plus.

**Job Description**

Responsible for development, maintenance and enhancement of quantitative/analytic models and applications in support of the firm's risk management effort. This role focuses on the development and enhancement of risk analytics and stress testing models.

Bank of America Global Risk Management organization has an opportunity for a Quantitative Finance Analyst position within its Market Risk Analytics group at Chicago office. The main responsibility is to provide quantitative modeling and analytics support to Global Market Risk Management and Enterprise Capital Management groups. The following task are expected to be performed in this role:

+ Develop quantitative/analytic models and applications in support of market risk assessment and regulatory capital calculation.

+ Provide developmental evidence on statistical assumptions of risk and stress testing models

+ Work with model stakeholders on defining model enhancements/changes, performing testing and impact analysis, and conduct ongoing review and analysis.

+ Preparation of developmental evidence and document to support internal and external inquiries.

+ Partner with various internal groups including Capital, Risk, Technology and Model Risk Management to provide model transparency and enhancing analytics capability

**Education and Experience Requirement**

+ 2-5 years of quantitative modeling experience or related areas.

+ An advanced quantitative degree in statistics, mathematics, physics, finance or a technical field, PhD preferred.

+ Knowledge of financial market and products.

+ Knowledge and understanding of market risk regulatory capital framework.


+ Experience & proficiency with statistical software packages such as R, or programming languages such as Python

+ Ability to multitask and properly prioritize multiple projects

+ Effective verbal and written communication skills


+ Self-motivated

+ Sense of focus and rigor in the completion of deliverables

+ Pro-active behavior with capacity to seize initiative

+ Team player

**Posting Date** : 10/03/2017

**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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Bank of America
Chicago, IL

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