Counterparty Credit Risk - Quantitative Analyst

NBMBAA; New York (NY); On-site; USD 90,000 - 151,000; Full time

Job summary

Bank of America is seeking a Counterparty Credit Risk analyst to perform quantitative analysis for CCR in Global Markets. This role supports management of stress-based concentration limits, Wrong Way Risk, and Contingent Market Risk, and prepares reporting for internal governance and regulators.

You will partner with Credit Officers, Enterprise Credit Risk, and FLU Sales & Trading on limit calibration, lead sector reviews, develop risk analytics, and represent CCR in regulatory exams.

Qualifications

• Solid understanding of derivative products across asset classes.
• Knowledge of counterparty credit risk measurement techniques.
• Excellent written and verbal communication skills.
• Self-starter who excels in a fast paced environment.
• Strong computer skills.

Responsibilities

• Manage CCR stress-based concentration limit frameworks across asset classes and sectors.
• Calibrate CCR limits with Credit Officers and stakeholders to support underwriting.
• Lead sector-specific CCR portfolio reviews and deep dives on counterparties.
• Develop risk analytics and secondary Points of Weakness measures to support risk the client strategies.
• Represent CCR in regulatory exams and address findings; monitor model performance with GRA.

Skills

Derivative products

Counterparty credit risk

Risk analytics

Risk modeling

Communication skills

Self-starter

Technical proficiency

Education

Master’s degree in finance/economics/statistics

Job description

Bank of America is seeking a Counterparty Credit Risk analyst to perform quantitative analysis for CCR in Global Markets. This role supports management of stress-based concentration limits, Wrong Way Risk, and Contingent Market Risk, and prepares reporting for internal governance and regulators.

You will partner with Credit Officers, Enterprise Credit Risk, and FLU Sales & Trading on limit calibration, lead sector reviews, develop risk analytics, and represent CCR in regulatory exams.