Quantitative Credit Risk Analyst — CCR Insights

NCSL International; New York (NY); Hybrid; USD 90,000 - 155,000; Full time

Benefits offered by this job

Discretionary incentive eligible

Industry-leading benefits

Job summary

Bank of America is seeking a quantitative analyst to conduct counterparty credit risk (CCR) analysis for the Global Markets business. You will manage stress-based CCR limits, support underwriting decisions, and produce management and regulatory reports.

The role requires a Master’s degree in finance or a related field, strong analytical and communication skills, and the ability to work across risk, trading, and regulatory teams in a fast-paced environment.

Qualifications

• Solid understanding of derivative products across FX, rates, equity, commodities and credit.
• Knowledge of counterparty credit risk measurement techniques on derivatives and financing transactions.
• Excellent communication skills both written and verbal.
• Self-starter who excels in a fast paced environment.
• Strong computer and data analysis skills.

Responsibilities

• Manage counterparty stress-based concentration limit frameworks across asset classes and industry sectors.
• Perform CCR stress testing, scenario design, implementation and result analysis to explain risk drivers.
• Collaborate with Credit Officers and risk teams on CCR limit calibration and trade approvals.
• Lead sector-specific CCR portfolio reviews and deep dives on counterparties.
• Represent CCR in regulatory exams and respond to findings.

Skills

Derivative products knowledge

CCR risk measurement techniques

Communication skills

Fast-paced environment

Computer skills

Education

Master's degree in finance/economics / statistics

Tools

Analytical tools

Job description

Bank of America is seeking a quantitative analyst to conduct counterparty credit risk (CCR) analysis for the Global Markets business. You will manage stress-based CCR limits, support underwriting decisions, and produce management and regulatory reports.

The role requires a Master’s degree in finance or a related field, strong analytical and communication skills, and the ability to work across risk, trading, and regulatory teams in a fast-paced environment.