4 hours

Senior Quantitative Finance Anlayst

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

Job Title Senior Quantitative Finance Anlayst

Jobid bankofamerica-17060456CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**

Job Description

Bank of America's Global Risk Analytics – Commercial Credit Quantitative Analysis team is looking for ahands-onSr. Quantitative Finance Analyst (SQFA) to be responsible for the development, implementation and/or maintenance of commercial credit risk models. Maintenance may include model ongoing monitoring and calibration. This can include data acquisition, technical modeling, full documentation of methodology and results, ongoing monitoring and calibration. The SQFA will also work with the implementation team to ensure that this critical function is performed correctly. The SQFA will present results to and integrate with business partners and provide guidance to them on technical issues. Subject credit models serve as critical input to Global Banking and Markets (GBAM), Global Commercial Banking (GCB), Global Wealth and Investment Management (GWIM), and Consumer Banking lines of business (underwriting, pricing, approval, and credit monitoring) functions. Subject credit models are also integral to the capital management PD/EAD/LGD parameter quantification process and reporting (Basel 3 Risk Weighted Assets and Economic Capital), commercial asset quality forecasting (CCAR/DFAST stress testing), loan loss reserving and reporting (ALLL), risk appetite and limit setting.

A successful candidate will be a team player supporting and improving internal team functions ranging from scorecard development, methodology development, model process engineering and ongoing monitoring, model impact analysis, and model management.

A successful candidate will integrate well with partners in Model Risk Management (MRM), Enterprise Credit and Operational Risk, Global Risk Analytics, Balance Sheet and Capital Management, Technology, Audit and Compliance as well as Federal Reserve and Office of the Comptroller of the Currency (OCC).

A successful candidate will have at least 5 years of hands on and related experience and demonstrated the following skills (not in priority order):

+ Clear and concise technical documentation

+ Knowledge in scorecard building or PD/LGD/EAD modeling for credit related products

+ PhD, MS or BS in engineering, statistics, operations research, economics, finance, physics or mathematics

+ Experience with SAS, SQL, R and other related software and hardware

+ Understanding of how quantitative methods can be applied to finance and banking

+ Fundamental understanding of micro and macroeconomic concepts

+ Proficient in project management, particularly in the development, implementation, application, andvalidation/back-testingof models or analytic processes.

A successful candidate demonstrates learning abilities and following behaviors (not in priority order):

+ Is respectful of and curious about what he/she does not know

+ Thinks holistically with business and economic intuition

+ Listens and learns about model uses, data analysis and sources, technology implementation, credit risk and business , regulation and regulatory guidance, macro/market/credit economics, accounting, capital, stress testing, allowance for loan lease losses

+ Executes and is over-prepared and under-whelmed

+ Integrates seamlessly across complex set of stakeholders, internal partners, external resources

+ Becomes aware and is flexible, adaptive, and proactive

+ Is compelling in verbal, non-verbal and writing and communicates with intentionPreferred locations are Charlotte or Atlanta

**Posting Date** : 08/30/2017

**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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Senior Quantitative Finance Anlayst

Bank of America
Charlotte, NC

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Bank of America
Charlotte, NC

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