Quantitative Risk Analytics Analyst

Bank of America; Newark (DE); On-site; USD 120,000 - 160,000; Full time

Job summary

Bank of America is seeking a highly skilled quantitative risk analyst to conduct end-to-end analytics and model development for risk management. You will design procedures, document processes, and collaborate with Technology to implement system solutions for scalable risk insights.

The role emphasizes communicating findings to senior leadership, supporting risk governance, and delivering forward-looking analytics across multiple risk types.

Qualifications

• Master’s degree in Finance, Economics, Business, Mathematics, Statistics, Engineering, Computer Science, or related quantitative field is required.
• Strong quantitative, analytical, and problem-solving capabilities.
• Knowledge of financial markets, macroeconomics, and risk management principles.
• Advanced Excel skills and experience with statistical or programming tools (Python, SAS, R, SQL).
• Ability to translate complex analytical findings into clear, actionable recommendations.
• Excellent written and verbal communication skills with the ability to engage technical and executive audiences.
• Demonstrated ability to work effectively in a fast-paced, collaborative environment while managing multiple priorities.

Responsibilities

• Develop and deliver forward-looking risk analytics, portfolio assessments, and decision-support tools.
• Analyze model results, portfolio performance, and emerging risk trends, translating findings into actionable business insights.
• Support forecasting processes and model overlays through quantitative, economic, and financial analysis.
• Monitor macroeconomic, industry, and client-specific developments to assess portfolio impacts.
• Design and enhance analytical methodologies, tools, and reporting capabilities that improve risk identification and portfolio monitoring.
• Partner with Risk, Business, Technology, and Analytics teams to deliver scalable solutions and operational capabilities.
• Communicate complex analytical findings to senior leadership, governance stakeholders, and regulatory audiences.

Skills

Critical Thinking

Quantitative Development

Risk Analytics

Risk Modeling

Technical Documentation

Adaptability

Collaboration

Problem Solving

Risk Management

Data Modeling

Data and Trend Analysis

Process Performance Measurement

Research

Written Communications

Education

Master's degree in Finance, Economics, Business, Mathematics, Statistics, Engineering, Computer Science, or related quantitative field

Advanced degree and CFA progress preferred

Tools

Excel

Python

SAS

R

SQL

Job description

Bank of America is seeking a highly skilled quantitative risk analyst to conduct end-to-end analytics and model development for risk management. You will design procedures, document processes, and collaborate with Technology to implement system solutions for scalable risk insights.

The role emphasizes communicating findings to senior leadership, supporting risk governance, and delivering forward-looking analytics across multiple risk types.