Quantitative Operations Associate

Bank of America; Charlotte (NC); On-site; USD 110,000 - 160,000; Full time

Job summary

Bank of America is seeking a data modeling professional to develop and maintain volume forecasting and capacity planning models to optimize staffing and operations. The role emphasizes quantitative analysis, forecasting accuracy, and adherence to Model Risk Management standards.

The ideal candidate will collaborate with frontline units and senior leadership to drive efficiency and informed decision-making. The position requires strong analytical skills, experience with forecasting,

Qualifications

• Strong quantitative skills and experience in time series forecasting, simulation modelling, operations research, and analytics.
• Develop and maintain models for volume forecasting, capacity planning, and resource optimization.
• Experience presenting findings to key stakeholders and ensuring Model Risk Management (MRM) compliance.

Responsibilities

• Develop and maintain volume forecasting, capacity planning, and resource optimization models.
• Help modernize existing volume forecasting and capacity models using advanced predictive modeling, simulation and optimization techniques.
• Assist in driving volume and capacity modeling consistency and innovation across the team.
• Routinely partner with the Front Line Units (FLUs) to generate best in class outcomes.
• Conduct routine model production and performance presentations with executive leadership.
• Evaluate new opportunities and implement enhancements to current capacity model inputs, processes, and outputs.
• Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines.
• Develops and maintains models for the line of business, including volume forecasts, capacity plans, and vendor models.
• Drives horizontal consistency in model development and usage across peer groups.
• Conducts routine model production and performance presentations with executive leadership.

Skills

Time series forecasting

Capacity planning

Simulation modelling

Operations research

Analytics

Quantitative skills

Verbal and written communication

Job description

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths – whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role‑specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for developing and maintaining models for the line of business, including volume forecasts, capacity plans, and vendor models. Key responsibilities include presenting findings to key stakeholders and ensuring compliance to Model Risk Management (MRM) standards. Job expectations include strong quantitative skills and experience in time series forecasting, simulation modelling, operations research, and analytics.

The Data & Modeling team in Global Operations Data, Reporting & Operations Management is looking for a motivated individual with strong quantitative skills and experience with time-series forecasting, capacity planning, simulation modeling, and/or operations research. This individual will be responsible for developing and maintaining strategic volume forecasting and capacity planning models with the goal of maintaining optimal staffing levels across Global Operations. In addition, the position will assist with efforts to ensure models adhere to Model Risk Management (MRM) standards. The ideal candidate will have a keen eye for detail, a strong sense for modeling complex operational systems, and excellent verbal and written communication skills.

Responsibilities:

• Develop and maintain volume forecasting, capacity planning, and resource optimization models
• Help modernize existing volume forecasting and capacity models using advanced predictive modeling, simulation and optimization techniques
• Assist in driving volume and capacity modeling consistency and innovation across the team
• Routinely partner with the Front Line Units (FLUs) to generate best in class outcomes
• Conduct routine model production and performance presentations with executive leadership
• Evaluate new opportunities and implement enhancements to current capacity model inputs, processes, and outputs
• Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines

Responsibilities:

• Develops and maintains models for the line of business, including volume forecasts, capacity plans, and vendor models
• Drives horizontal consistency in model development and usage across peer groups
• Conducts routine model production and performance presentations with executive leadership