Quantitative Finance & Risk Analytics Specialist

Bank of America; Chicago (IL); On-site; USD 90,000 - 155,000; Full time

Benefits offered by this job

Discretionary incentive

Annual discretionary plan

Benefits eligible

Job summary

Bank of America is seeking a Quantitative Finance Analyst to join the Global Risk Analytics function in Chicago. You will perform end-to-end risk model analysis, support model development and validation, and communicate findings to senior stakeholders across risk, IT, and business lines.

The role requires a Master’s degree in a quantitative field and 2+ years in risk analytics, with strong Python/C++/SQL skills.

Qualifications

• Master’s degree in a quantitative field (or equivalent)
• 2+ years of experience in Market Risk, Middle Office or Counterparty Credit Risk
• Broad financial product knowledge
• Strong data analysis and analytical skills
• Proficient programming skills (Python, C++, SQL)
• Strong written and verbal communication, organization and relationship-building skills
• Ability to multitask and manage time effectively
• Proactive attitude with initiative

Responsibilities

• Perform in-depth analysis of risk model results using backtesting, benchmarking, and sensitivity analysis
• Quantify impact of model limitations on capital and exposure
• Provide an overall view of model performance and remediation needs
• Identify cross-portfolio themes and improvement opportunities
• Communicate results to risk management, model development, and regulators
• Support remediation of model issues prior to live deployment
• Enhance the model performance assessment tools across business areas
• Create documentation and work with Technology on model run systems

Skills

Critical Thinking

Quantitative Development

Risk Analytics

Risk Modeling

Technical Documentation

Adaptability

Collaboration

Problem Solving

Risk Management

Test Engineering

Data Modeling

Data Analysis

Research

Written Communications

Education

Master’s degree

Tools

Python

C++

SQL

Job description

Bank of America is seeking a Quantitative Finance Analyst to join the Global Risk Analytics function in Chicago. You will perform end-to-end risk model analysis, support model development and validation, and communicate findings to senior stakeholders across risk, IT, and business lines.

The role requires a Master’s degree in a quantitative field and 2+ years in risk analytics, with strong Python/C++/SQL skills.