Forecasting & Capacity Analytics Associate

Bank of America; Chicago (IL); On-site; USD 100,000 - 150,000; Full time

Job summary

Bank of America is seeking a Data & Modeling professional to develop and maintain volume forecasting, capacity planning, and vendor models within Global Operations Data, Reporting & Operations Management in the United States. You’ll present findings to stakeholders and help drive model accuracy and staff efficiency.

The ideal candidate has a quantitative background, experience with time-series forecasting, simulation modelling, and optimization, plus strong communication skills and teamwork in a

Qualifications

• Bachelor's degree in Statistics, Applied Economics, Industrial Engineering, Mathematics, Operations Research, Analytics, Finance or other STEM field.
• 2+ years of experience in quantitative roles modeling complex systems.
• Fundamental understanding of linear regression and time-series modeling, discrete event simulation, and/or optimization techniques.
• Proficient in MS Office, particularly Excel.
• Experience with SAS, Python, R, or similar statistical software.
• Experience with Arena or similar discrete event simulation software.
• Experience with SAS OR, GAMS, XPRESS, CPLEX, or similar optimization software.
• Ability to work in a team-oriented environment with strong aptitude for problem solving and collaboration.
• Strong communication and interpersonal skills - specifically the ability to communicate complex ideas in a clear and concise manner to key stakeholders.
• Natural curiosity and drive to answer important business questions.
• High aptitude for self-motivation and self-determined project work in a fast-paced and rapidly changing environment.

Responsibilities

• Develop and maintain volume forecasting, capacity planning, and resource optimization models.
• Help modernize existing volume forecasting and capacity models using advanced predictive modeling, simulation and optimization techniques.
• Assist in driving volume and capacity modeling consistency and innovation across the team.
• Routinely partner with the Front Line Units (FLUs) to generate best in class outcomes.
• Conduct routine model production and performance presentations with executive leadership.
• Evaluate new opportunities and implement enhancements to current capacity model inputs, processes, and outputs.
• Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines.

Skills

Analytical Thinking

Data Modeling

Data Visualization

Presentation Skills

Problem Solving

Stakeholder Management

Collaboration

Education

Bachelor’s degree in Statistics/Analytics/related STEM

Tools

SAS

Python

R

Arena

SAS OR

GAMS

XPRESS

CPLEX

Job description

Bank of America is seeking a Data & Modeling professional to develop and maintain volume forecasting, capacity planning, and vendor models within Global Operations Data, Reporting & Operations Management in the United States. You’ll present findings to stakeholders and help drive model accuracy and staff efficiency.

The ideal candidate has a quantitative background, experience with time-series forecasting, simulation modelling, and optimization, plus strong communication skills and teamwork in a