Quantitative Credit Risk Modeling Analyst

National Black MBA Association; Chicago, Northern (IL, KY); Hybrid; USD 90,000 - 155,000; Full time

Job summary

Bank of America in Chicago is seeking a Quantitative Finance Analyst to conduct analytics and model development for market and credit risk. You will build models, document methods, and work with Technology staff to deploy analytical solutions that support risk decisions.

You will perform stress testing, data analysis, and provide insights to senior leadership, while ensuring compliance within a controlled environment and aligning with the bank's risk appetite.

Qualifications

• Master’s degree in related field or equivalent work experience.
• 5+ years professional experience developing credit risk models.
• Strong Programming skills e.g. R, Python, SAS, SQL or other language.
• Experience with LaTeX.
• Experience using and developing cross-sectional models.
• Effectively creates a compelling story using data; Able to make recommendations and articulate conclusions supported by data.
• Effectively presents findings, data, and conclusions to influence senior leaders.
• Demonstrated leadership skills; Ability to exert broad influence among peers.
• Ability to work in a large, complex organization, and influence various stakeholders and partners
• Strong team player able to seamlessly transition between contributing individually and collaborating on team projects; Understands that individual actions may require input from manager or peers; Knows when to include others
• Ability to work in a highly controlled and audited environment

Responsibilities

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
• Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
• Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
• Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

Skills

Critical Thinking

Quantitative Development

Risk Analytics

Risk Modeling

Technical Documentation

Adaptability

Collaboration

Problem Solving

Risk Management

Data Modeling

Data and Trend Analysis

Process Performance Measurement

Written Communications

Education

Master’s degree in related field or equivalent work experience

Advanced degree in Math, Economics, Statistics, Engineering, Finance, Computer Science or similar

Tools

R

Python

SAS

SQL

LaTeX

Hadoop

Job description

Bank of America in Chicago is seeking a Quantitative Finance Analyst to conduct analytics and model development for market and credit risk. You will build models, document methods, and work with Technology staff to deploy analytical solutions that support risk decisions.

You will perform stress testing, data analysis, and provide insights to senior leadership, while ensuring compliance within a controlled environment and aligning with the bank's risk appetite.