Impact-Driven Quantitative Finance & Risk Modeling Analyst

Bank of America; Chicago (IL); On-site; USD 89,800 - 153,300; Full time

Benefits offered by this job

Industry-leading benefits

Paid time off

Resources for community impact

Job summary

Bank of America is seeking a quantitative analyst in Chicago to conduct modeling projects for the Global Risk Analytics team. This role involves performing complex analysis and supporting development of models used for AML and sanctions monitoring.

Candidates should have a Master's degree, strong programming skills in R or Python, and 2+ years of relevant experience. The position offers an annual salary between $89,800.00 and $153,300.00 based on experience.

Qualifications

• 2+ years of experience in model development or quantitative research.
• Strong programming skills in R, Python, SAS, or SQL.
• Ability to analyze large datasets and extract meaningful insights.

Responsibilities

• Perform end-to-end market risk stress testing and analyze results.
• Support the planning related to quantitative work prioritization.
• Develop and enhance models for AML transaction monitoring.

Skills

Critical Thinking

Quantitative Development

Risk Analytics

Technical Documentation

Collaboration

Problem Solving

Education

Master’s degree in related field

Tools

R

Python

SAS

SQL

Alteryx

Tableau

LaTeX

Job description

Bank of America is seeking a quantitative analyst in Chicago to conduct modeling projects for the Global Risk Analytics team. This role involves performing complex analysis and supporting development of models used for AML and sanctions monitoring.

Candidates should have a Master's degree, strong programming skills in R or Python, and 2+ years of relevant experience. The position offers an annual salary between $89,800.00 and $153,300.00 based on experience.