Quantitative Finance Analyst: Risk Modeling & Analytics

Sunseeker Property Service; Chicago (IL); On-site; USD 120,000 - 190,000; Full time

Job summary

Bank of America Merrill Lynch in Chicago is seeking a Quantitative Finance Analyst to join Global Risk Analytics. You will develop wholesale credit risk models, including loss forecasting and scorecards, using Python, SQL, SAS and related tools to analyze large datasets in a regulated environment.

You will present findings to risk management and senior leaders, support model validation and monitoring, and document methodologies.

Qualifications

• Master’s degree in a quantitative field.
• 5+ years of professional experience in credit risk modeling.
• Strong programming skills in Python, SQL or SAS.
• Experience with cross-sectional models and production environments.
• Ability to communicate complex results to seniors.

Responsibilities

• Develop wholesale credit risk models including loss forecasting.
• Analyze wholesale credit performance and financial data.
• Prepare white papers for developed models.
• Engage with model risk management to address concerns.
• Support post-implementation monitoring and stakeholder interactions.
• Lead development of new models and analytic processes.
• Document activities and collaborate with tech staff on model execution.

Skills

Critical Thinking

Quantitative Development

Risk Analytics

Risk Modeling

Technical Documentation

Adaptability

Collaboration

ProblemSolving

Data Modeling

Data and Trend Analysis

Process Performance Measurement

Research

Written Communications

Education

Master’s degree in Math, Economics, Statistics, Engineering, Finance, Computer Science or similar discipline

Tools

Python

SQL

SAS

Hadoop

Alteryx

Tableau

LaTeX

Job description

Bank of America Merrill Lynch in Chicago is seeking a Quantitative Finance Analyst to join Global Risk Analytics. You will develop wholesale credit risk models, including loss forecasting and scorecards, using Python, SQL, SAS and related tools to analyze large datasets in a regulated environment.

You will present findings to risk management and senior leaders, support model validation and monitoring, and document methodologies.