3 hours
2018-01-212018-02-20

Quantitative Finance Analyst

Bank of America
New York, NY
  • Job Code
    bankofamerica-17070387NewYorkNY
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Company Bank of America

Job Title Quantitative Finance Analyst

Jobid bankofamerica-17070387NewYorkNY

Location: New York, NY, 10176, USA

Description **Job Description:**



The Quantitative Finance Analyst is responsible for measuring counterparty credit risk (CCR) for all lines of businesses in the Americas Markets division covering all traded products (fixed income, currency, commodities, equities).



The analyst will join the Trade Analysis team which quantifies counterparty credit risk for derivatives and financing transactions. Though the role is based in New York, the analyst will be joining a global team with the chance to work on global projects and initiatives.



The Trade Analysis team is a business and credit facing team which provides counterparty credit risk metrics (potential exposure, initial margins, sensitivities, etc.) on live trades. The analyst will work across all asset classes (FX, rates, credit, and equity) and leverage existing models and tools to provide ad-hoc analysis on live trades. In addition, the analyst will be responsible for helping design and develop new ad-hoc methodologies for exotic trades which better capture counterparty risk. The analyst will also work on initial margin calculation for hedge fund derivative trades. In addition, the analyst will be responsible for assessing the adequacy of the initial margin calculations at CCPs.



The analyst will also be responsible for communication with credit officers and other stakeholders regarding portfolio impacts and communicating complex portfolio risk dynamics in an easy to understand manner. (S)he will also ensure that risk is captured properly in internal risk systems, provide training to credit risk officers, New Product Review (NPR) assessment, and participant in system testing for regulatory projects.



**_Required Skills_**



1. Excellent knowledge of derivative products with approximately 2+ years’ experience with expertise in at least one asset class (FX, credit, rates, or equity)

2. Excellent knowledge of counterparty risk measurement techniques on derivatives and financing transactions

3. Experience interacting with trading, structuring and sales

4. Strong computer skills (Office, VBA, Bloomberg, SQL)

5. Strong communication skills both written and verbal



**_Desired skills_**



1. Good understanding of Monte Carlo models

2. Knowledge of CVA and related hedging strategies

3. Knowledge of CCP, Prime Brokerage, and Hedge Fund margin methodologies

4. Tool development in Java and/or Python

5. Familiar with Basel III concepts and metrics

6. Master or PhD degree in a quantitative discipline or finance/economics



**Posting Date** : 10/17/2017



**Location** :

New York, NY, Jones Lang Lasalle, 1133 Ave of the Americas,

- United States



**Travel** : No



**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
New York, NY

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Bank of America
New York, NY

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