Senior Quantitative Risk & Capital Modelling Analyst

NBMBAA; Jersey City, Northern (NJ, KY); Hybrid; USD 125,000 - 210,000; Full time

Job summary

Bank of America seeks a Senior Quantitative Finance Analyst for the Alternative Modelling Group in Jersey City. The role focuses on redesigning and deploying next‑generation risk and capital models to enhance risk management across the enterprise.

Ideal candidates have advanced degrees (Masters/PhD desirable) and strong skills in statistics, econometrics, and programming (SQL, Python, VBA, LaTeX). Collaboration and leadership across teams are essential to deliver scalable modelling solutions.

Qualifications

• Master’s degree in Statistics, Financial Mathematics, Applied Mathematics, Economics, Physics or Engineering.
• Several years of relevant work experience or equivalent educational training.
• Technical skills: Statistics, Probability Theory, Econometrics, Financial Mathematics.
• Experience developing and implementing large quantitative models, managing large data sets.
• Proven leadership abilities, working across organizational lines.
• Strong programming skills: SQL, Python, VBA, LaTeX.
• Strong technical writing and clear verbal communication skills.
• Experience of working under pressure and delivering to tight deadlines.

Responsibilities

• Provide leadership and technical acumen in design, development, implementation and deployment of new models.
• Develop innovative modelling approaches and benchmark risk models across the enterprise.
• Collaborate with stakeholders to collect requirements and translate them into modelling solutions.
• Communicate solutions effectively to stakeholders and document processes for regulatory purposes.
• Promote industry best practices for model development, implementation and monitoring.
• Identify opportunities to improve existing models and processes across the firm.
• Govern models to meet regulatory expectations and deliver results on deadlines.

Skills

Statistics

Probability Theory

Econometrics

Financial Mathematics

Strong programming skills

Written communication

Education

Master's degree in related field

PhD level desirable

Tools

SQL

Python

VBA

LaTeX

Job description

Bank of America seeks a Senior Quantitative Finance Analyst for the Alternative Modelling Group in Jersey City. The role focuses on redesigning and deploying next‑generation risk and capital models to enhance risk management across the enterprise.

Ideal candidates have advanced degrees (Masters/PhD desirable) and strong skills in statistics, econometrics, and programming (SQL, Python, VBA, LaTeX). Collaboration and leadership across teams are essential to deliver scalable modelling solutions.