Senior Quantitative Risk & Capital Modeler

Bank of America Corporation; Jersey City (NJ); On-site; USD 150,000 - 190,000; Full time

Job summary

Bank of America seeks a Senior Quantitative Finance Analyst within the Alternative Modelling Group (AMG) of Global Risk Analytics to redesign, optimise, and deploy the next generation of risk and capital models across the enterprise. The role demands proven leadership, cross-functional collaboration, and a track record of delivering complex quantitative models.

You will work with stakeholders across the firm to implement innovative modelling approaches, produce rigorous technical documentation,

Qualifications

• Master's degree or higher in a quantitative field; strong foundation in statistics and econometrics.
• Experience developing and implementing large quantitative models; ability to manage large data sets.
• Proven leadership abilities and ability to work across organizational lines.
• Strong programming skills in SQL, Python, VBA; strong technical writing and communication.

Responsibilities

• Provide leadership and technical acumen in design, development, implementation and deployment of new models and analytic processes.
• Develop innovative modelling approaches using current industry standards.
• Collaborate with stakeholders to collect requirements and translate them into modelling solutions.
• Provide guidance on model development, implementation and monitoring to ensure regulatory compliance.
• Promote best practices in model development and governance across the firm.
• Identify opportunities to improve existing models and processes.
• Produce clear technical documentation for internal and regulatory purposes.
• Govern models to meet high regulatory expectations and deadlines.
• Take ownership to deliver results and meet critical timelines.

Skills

Critical Thinking

Quantitative Development

Risk Analytics

Risk Modeling

Technical Documentation

Adaptability

Collaboration

Problem Solving

Risk Management

Test Engineering

Data Modeling

Data and Trend Analysis

Process Performance Measurement

Research

Written Communications

Education

Master's degree in Statistics/Financial Mathematics/Applied Mathematics

PhD in a related field (desirable)

Tools

SQL

Python

VBA

LaTeX

Job description

Bank of America seeks a Senior Quantitative Finance Analyst within the Alternative Modelling Group (AMG) of Global Risk Analytics to redesign, optimise, and deploy the next generation of risk and capital models across the enterprise. The role demands proven leadership, cross-functional collaboration, and a track record of delivering complex quantitative models.

You will work with stakeholders across the firm to implement innovative modelling approaches, produce rigorous technical documentation,