Quantitative Operations & Forecasting Specialist

Bank of America; Phoenix (AZ); On-site; USD 85,000 - 131,000; Full time

Benefits offered by this job

Industry-leading benefits

Discretionary bonus eligibility

Job summary

Bank of America in Chicago, IL seeks a quantitative professional to develop and implement models for volume forecasting, capacity planning, workforce scheduling, scenario analysis, and operational performance reporting.

The role applies advanced analytical methods to real-world business challenges and translates findings into practical, data-driven recommendations. Strong Python/SAS/SQL skills and experience with discrete-event simulations are preferred.

Qualifications

• Master's degree in industrial engineering, operations research, or related STEM field.
• Proficiency with Microsoft Excel, PowerPoint, and VBA.
• Experience querying databases using SQL.
• Experience developing and implementing discrete-event simulation and optimization models.
• Experience using GitHub Copilot to accelerate model development and formulate heuristics.
• Strong problem-solving and collaboration skills.
• Demonstrated ability to apply quantitative methods to business problems.
• Ability to work effectively through ambiguity, complexity, and change.

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.
• Ensures adherence to Model Risk Management (MRM) requirements.
• Supports ongoing model monitoring to improve forecasting performance and efficiency.

Skills

Analytical Thinking

Data Modeling

Data Visualization

Data and Trend Analysis

Attention to Detail

Collaboration

Data Management

Data Mining

Presentation Skills

Consulting

Problem Solving

Risk Management

Stakeholder Management

Technical Documentation

Education

Master's degree in industrial engineering, operations research, or related STEM field

Tools

SQL

Arena

Gurobi

Python

SAS

GitHub Copilot

Job description

Bank of America in Chicago, IL seeks a quantitative professional to develop and implement models for volume forecasting, capacity planning, workforce scheduling, scenario analysis, and operational performance reporting.

The role applies advanced analytical methods to real-world business challenges and translates findings into practical, data-driven recommendations. Strong Python/SAS/SQL skills and experience with discrete-event simulations are preferred.