Operational Risk Quant Analyst: Stress Testing & Modeling

Bank of America; Town of Charlotte (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Bank of America is seeking a Quantitative Finance Analyst to conduct quantitative analytics and modeling on operational risk within the Risk Analytics team. The role focuses on developing and enhancing models for stress testing and capital estimation, with clear documentation and collaboration with technology partners.

You will perform end-to-end stress testing, work with stakeholders, and drive improvements in model development and validation while communicating complex results to non-technical

Qualifications

• Master's degree required or equivalent work experience.
• 2+ years of experience in model development, statistical work, data analytics or quantitative research or PhD.
• Strong programming skills (Python, R, SQL) and knowledge of predictive modeling, statistical distributions, Monte Carlo simulation, ML/AI techniques.
• Strong technical writing, communication and presentation skills for quantitative topics with non-technical audiences.

Responsibilities

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress results.
• Supports planning related to setting quantitative work priorities in line with the bank's strategy.
• Identifies continuous improvements through reviews of model development or validation tasks and effective challenges on development/validation.
• Supports model development and model risk management to meet business requirements and risk appetite.
• Provides methodological, analytical, and technical guidance to influence strategic direction of development/validation projects.
• Works with model stakeholders and senior management regarding submission and validation outcomes.
• Performs statistical analysis on large datasets and interprets results using qualitative and quantitative approaches.

Skills

Critical Thinking

Quantitative Development

Risk Analytics

Risk Modeling

Technical Documentation

Adaptability

Collaboration

Problem Solving

Risk Management

Test Engineering

Data Modeling

Data and Trend Analysis

Process Performance Measurement

Research

Education

Master's degree or equivalent

Tools

Python

R

SQL

Job description

Bank of America is seeking a Quantitative Finance Analyst to conduct quantitative analytics and modeling on operational risk within the Risk Analytics team. The role focuses on developing and enhancing models for stress testing and capital estimation, with clear documentation and collaboration with technology partners.

You will perform end-to-end stress testing, work with stakeholders, and drive improvements in model development and validation while communicating complex results to non-technical