Counterparty Risk Quant Analyst

NCSL International; New York (NY); On-site; USD 90,000 - 155,000; Full time

Benefits offered by this job

Annual discretionary plan

Industry-leading benefits

Job summary

Bank of America in New York is seeking a quantitative analyst to conduct counterparty credit risk (CCR) analysis for Global Markets. The role supports management of stress-and-weakness frameworks, regulatory reporting, and cross-functional collaboration with Credit Officers and Market Risk teams.

The ideal candidate has a strong foundation in derivatives, risk modeling, and analytics, with excellent communication and team collaboration skills.

Qualifications

• Understanding of derivative products across FX, rates, equity, commodities and credit.
• Knowledge of counterparty credit risk measurement techniques on derivatives and financing transactions.
• Excellent communication skills (written and verbal).
• Self-starter in a fast-paced environment.
• Strong computer skills.

Responsibilities

• Manage CCR stress-based concentration limit frameworks across asset classes, product types and industries.
• Perform BAU CCR stress testing including scenario design and results analysis.
• Partner with Credit Officers and Enterprise Credit Risk on CCR limit calibration and new trade approvals.
• Lead sector-specific CCR portfolio reviews and deep dives on counterparties.
• Develop and maintain risk analytics and secondary Weakness measures for products/risks.
• Represent CCR in regulatory exams and monitoring, addressing findings and presenting topics.
• Monitor CCR model performance and challenge GRA to enhance models.

Skills

Critical Thinking

Quantitative Development

Risk Analytics

Risk Modeling

Technical Documentation

Adaptability

Collaboration

Problem Solving

Written Communications

Data Modeling

Data and Trend Analysis

Process Performance Measurement

Research

Education

Master's degree in related field or equivalent work experience

Degree in finance/economics/statistics

Job description

Bank of America in New York is seeking a quantitative analyst to conduct counterparty credit risk (CCR) analysis for Global Markets. The role supports management of stress-and-weakness frameworks, regulatory reporting, and cross-functional collaboration with Credit Officers and Market Risk teams.

The ideal candidate has a strong foundation in derivatives, risk modeling, and analytics, with excellent communication and team collaboration skills.