10 hours
2018-05-222018-06-21

Sr Quantitative Finance Analyst

Bank of America
Chicago, IL
  • Job Code
    bankofamerica-17052553ChicagoIL
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Company Bank of America

Job Title Sr Quantitative Finance Analyst

Jobid bankofamerica-17052553ChicagoIL

Location: Chicago, IL, 60664, USA

Description **Job Description:**



Enterprise Model Risk Management seeks a senior quantitative finance analyst to conduct independent testing and review of complex consumer credit risk models with multiple uses, including CCAR credit loss forecasting and Basel regulatory capital. These are high profile modeling areas in the bank, with continual senior management and regulatory focus.



The qualified candidate will be responsible for a broad range of model validation activities, including:



+ Review, critical assessment and challenge of models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation and documentation

+ Development and implementation of effective testing plans and testing code to critically challenge models through empirical analyses and to verify model implementation

+ Review and critical assessment of ongoing model monitoring activities

+ Writing of technical reports for distribution and presentation to model developers, senior management, and audit and banking regulators.

+ Coaching of junior staff members while leading validation projects.



Qualifications:



+ PhD or Master's degree in Statistics, Economics, Mathematics, Finance, Engineering, Physics or related field

+ Minimum of 6 years of experience in financial risk modeling or validation field

+ Background and experience with complex, loan-level PD/EAD/LGD models used for stress testing and other credit risk management purposes

+ Experience with retail products including mortgage, credit card and auto loans

+ Expertise in cross-sectional and time-series econometrics

+ Deep understanding and knowledge of model performance measures

+ Extensive programming experience using SAS, R and/or MATLAB

+ Expertise in analyzing and managing large databases

+ Strong knowledge of financial instruments and financial risk management principles

+ Familiarity with applicable regulatory guidance on model risk management, stress testing, and Basel requirements

+ Strong project management skills

+ Ability to communicate clearly and effectively, and influence others

+ Ability to produce high quality technical documentation



**Posting Date** : 04/12/2018



**Location** :

Atlanta, GA, Atlanta Plaza, 600 Peachtree St NE,

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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Sr Quantitative Finance Analyst

Bank of America
Chicago, IL

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Bank of America
Chicago, IL

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