3 hours

Quantitative Finance Analyst - PPNR

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

Job Title Quantitative Finance Analyst - PPNR

Jobid bankofamerica-17052534CharlotteNC

Location: Charlotte, NC, 28230, 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 and a broad knowledge of financial markets and products.

Company Overview

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the companys global banking and global markets businesses.

Business Overview

Bank of America is looking for multiple senior/junior quantitative finance analysts in the PPNR Model Risk Management team. The group is a multi-national team within Enterprise Model Risk Management primarily based in New York, London and Charlotte. It covers all aspects of model validation and model risk of revenue forecasting models used within the organization, i ncluding the models for income from Card Operations, Investment Banking, ABS/RMBS/CMBS, FX/ETS/Corporate Banking.

Candidate will work closely with model developers from Quantitative Strategy Group and Global Risk Analytics, as well other groups within the Model Risk Management (MRM).


+ Validate all PPNR models developed by Quantitative Strategy Group and Global Risk Analytics.

+ Review the underlying assumptions, theory, conceptual soundness, derivation of the models, empirical evidence, calibration, implementation and limitations of the model being validated

+ Perform independent testing to identify/quantify model risks associated with the models being validated

+ Prepare validation report and technical documents for the model being validated

+ Work closely with the business, other stakeholders other control functions with respect to compensating controls of the models and communication of validation outcomes

+ Maintain a sub-portfolio of model inventory and perform annual model reviews, on-going monitoring reviews, Required Actions Items closure

Required Skills:

+ Masters or PhD in quantitative fields such as computational finance, mathematics, statistics or equivalent

+ In depth understanding of statistical concepts and model development & validation processes

+ 3 to 5 years experience in financial services industry building or validating models

+ Familiar with SR11-07 and related requirements on model risk

+ Well organized, detail-oriented with good communication skills (both written and verbal)

+ Strong coding ability at least 2 of SAS, R , Python and C+ **Posting Date** : 11/27/2017

**Location** :


- 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 - PPNR

Bank of America
Charlotte, NC

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Quantitative Finance Analyst - PPNR

Bank of America
Charlotte, NC

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