Lead Quantitative Risk Manager – CCR & Models

Bank of America; New York (NY); On-site; USD 165,000 - 227,000; Full time

Job summary

Bank of America is seeking a senior quantitative analytics leader to develop and validate models for risk management. You will oversee model performance, governance, and the first/second line of defense across critical model portfolios.

You will conduct quantitative CCR analysis, manage stress testing, and collaborate with Credit Officers and Market Risk to calibrate limits and support underwriting decisions. This role requires strong communication and leadership across risk teams.

Qualifications

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

Responsibilities

• Leads a quantitative team with model coverage of specified focus areas and oversees stakeholder engagement, including audits and regulatory exams.
• Sets priorities related to quantitative modeling in line with the bank’s strategy.
• Identifies continuous improvements through reviews of model development/validation and documentation.

Skills

Derivative product knowledge

Counterparty risk measurement

Communication skills

Adaptability in fast-paced environment

Education

Master’s degree or related field

Job description

Bank of America is seeking a senior quantitative analytics leader to develop and validate models for risk management. You will oversee model performance, governance, and the first/second line of defense across critical model portfolios.

You will conduct quantitative CCR analysis, manage stress testing, and collaborate with Credit Officers and Market Risk to calibrate limits and support underwriting decisions. This role requires strong communication and leadership across risk teams.