Senior Quantitative Finance & Risk Modeling Lead

Bank of America; Atlanta (GA); On-site; USD 120,000 - 180,000; Full time

Job summary

Bank of America is seeking a Quantitative Finance Analyst to conduct complex modeling and analytics for wholesale credit risk. You will develop new models, run stress tests, and work with technology teams to implement analytical solutions.

The role requires an advanced degree and 5+ years of experience in credit risk modeling, strong programming in R, Python, SAS or SQL, familiarity with LaTeX, and the ability to present results clearly to senior leaders.

Qualifications

• Advanced degree required (Master’s or PhD) in a quantitative field.
• 5+ years of professional risk-modeling experience.
• Strong programming skills in R, Python, SAS, or SQL.
• Experience with LaTeX for technical documentation.
• Experience building cross-sectional credit risk models.

Responsibilities

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers.
• Leads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization.
• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation.
• Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite.
• Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk.
• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.
• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches.

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 related field or equivalent work experience

5+ years professional experience developing credit risk models

Tools

R

Python

SAS

SQL

LaTeX

Job description

Bank of America is seeking a Quantitative Finance Analyst to conduct complex modeling and analytics for wholesale credit risk. You will develop new models, run stress tests, and work with technology teams to implement analytical solutions.

The role requires an advanced degree and 5+ years of experience in credit risk modeling, strong programming in R, Python, SAS or SQL, familiarity with LaTeX, and the ability to present results clearly to senior leaders.