Quantitative Finance & Risk Modeling Analyst

Bank of America Corporation; Charlotte (NC); On-site; USD 110,000 - 165,000; Full time

Job summary

Bank of America Corporation is seeking a highly motivated Quantitative Finance Analyst to conduct quantitative analytics and modeling for Global Risk Analytics. You will develop models, design analytic processes, and document technical activities while collaborating with Technology and risk teams to implement systems for running models.

The role requires a strong foundation in statistics, econometrics, and financial mathematics, with programming in Python/SQL and experience in risk modelling.

Qualifications

• Master’s degree in statistics, finance, or related field; equivalent work experience acceptable.
• Experience developing, documenting and maintaining risk/capital models with large datasets.
• Strong foundations in statistics, probability, econometrics and financial math.
• Proficient in SQL, Python, VBA, and LaTeX; strong writing and communication skills.
• Ability to work under pressure and deliver to tight deadlines.
• Ability to work independently, multitask and prioritize effectively.
• Demonstrated curiosity and willingness to develop new modelling approaches.

Responsibilities

• Perform end-to-end market risk stress testing including scenario design and reporting.
• Support model development and model risk management in focus areas.
• Produce statistical analyses on large datasets and interpret results.
• Communicate submission and validation outcomes with stakeholders and management.
• Identify improvements in model development, documentation and governance.

Skills

Quantitative development

Risk modeling

Technical documentation

Data modeling

Data and trend analysis

Written communications

Statistics

Probability theory

Econometrics

Financial mathematics

SQL

Python

VBA

LaTeX

Time management

Multitasking

Curiosity

Education

Master’s degree in related field or equivalent

Tools

SQL

Python

VBA

LaTeX

Job description

Bank of America Corporation is seeking a highly motivated Quantitative Finance Analyst to conduct quantitative analytics and modeling for Global Risk Analytics. You will develop models, design analytic processes, and document technical activities while collaborating with Technology and risk teams to implement systems for running models.

The role requires a strong foundation in statistics, econometrics, and financial mathematics, with programming in Python/SQL and experience in risk modelling.