Equity Quant Developer (C++)

Hispanic Technology Executive Council; New York (NY); On-site; USD 110,000 - 225,000; Full time

Job summary

An established industry player is seeking a talented quantitative analyst to join their dynamic team. This role involves conducting quantitative analytics and modeling projects to enhance financial decision-making. You will perform market risk stress testing, develop new models, and collaborate closely with technology staff to implement systems that support business objectives. The ideal candidate will have a strong background in mathematics or computer science, excellent programming skills, and the ability to communicate complex ideas clearly. Join a company that values diversity and offers opportunities for growth and impact in the financial sector.

Benefits

Industry-leading benefits

Paid time off

Discretionary incentive eligibility

Qualifications

• Preferred background in Mathematics, Physics, Computer Science, or Engineering.
• Strong programming skills with proficiency in C/C++ required.

Responsibilities

• Conduct quantitative analytics and modeling projects for risk types.
• Perform market risk stress testing and analyze results.

Skills

Critical Thinking

Quantitative Development

Technical Documentation

Problem Solving

Education

Masters degree in related field

PhD in Mathematics/Physics/Computer Science/Engineering

Tools

C/C++

SIMD

LLVM compiler

Job description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description :

This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities :

1. Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers.
2. Supports the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritization.
3. Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation.
4. Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite.
5. Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk.
6. Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.
7. Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches.

Candidate Requirements :

1. Quantitative capabilities and background in Mathematics/Physics/Computer Science/Engineering (up to MSc/PhD level) is preferred.
2. Strong programming and technical skills. Proficiency of at least one programming language required, with experience in C/C++ preferred.
3. Excellent verbal and written communication skills, as well as the ability to explain complex ideas in a simple and accessible manner.
4. Curiosity to research different methodologies and explore new territories.
5. Ability to multitask and work under pressure. Ability to work with different people and groups.

Skills :

• Critical Thinking
• Quantitative Development
• Technical Documentation
• Problem Solving

Preferred but not required skills :

• Experience with SIMD for implementing fast numerical calculations (AVX, GPU).
• Experience compiling Domain Specific Languages, or of working with the LLVM compiler.
• Knowledge and interests in finance. Experience working with different financial products and derivatives modeling preferred.
• Experience with financial Numerical Methods such as PDE, Monte Carlo, Algorithmic Differentiation.
• Experience building frameworks and libraries for use by mathematicians and/or engineers.

Minimum Education Requirement : Masters degree in related field or equivalent work experience.

Shift : 1st shift (United States of America)

Location : US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and Benefits Information:

Pay range: $110,000.00 - $225,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible: This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits: This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.