Senior Quantitative Risk & CCR Model Expert

NBMBAA; Jersey City (NJ); On-site; USD 125,000 - 210,000; Full time

Job summary

Bank of America is seeking a Sr Quantitative Finance Analyst to independently conduct advanced analytics and develop counterparty credit risk models. You will lead model development, testing, and governance, working with technology to implement scalable solutions for a global financial institution.

The role requires a Master's or PhD in a quantitative field and 5+ years of experience, with strong English communication and proficiency in C++ and Python.

Qualifications

• Master's degree or PhD in Mathematics, Physics or related field with 5+ years’ quantitative modelling experience.
• Experience with mathematically sophisticated financial modelling for pricing or counterparty risk.
• Ability to express technical concepts clearly in written and spoken English.
• Programming skills in C++ and Python with solid software development practices.
• Strong time management, focus, and proactive initiative.

Responsibilities

• Develop, test, document, and maintain counterparty credit risk models.
• Support CCR platform with issue investigation and quantitative guidance.
• Improve model development infrastructure and test utilities.
• Collaborate with Capital, Risk, Tech, MRM on enhancements and documentation.
• Work on fixed income and/or commodity modelling for a global bank.
• Prepare development evidence for internal and external exams.
• Identify themes across global markets and drive improvement initiatives.
• Communicate results to risk management, development, risk, and regulators.
• Assist in remediation of model issues prior to live deployment.
• Drive improvements to the model performance assessment toolset.
• Ensure documentation and governance compliance.

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 or PhD in Mathematics/Physics or related field

Tools

C++

Python

Job description

Bank of America is seeking a Sr Quantitative Finance Analyst to independently conduct advanced analytics and develop counterparty credit risk models. You will lead model development, testing, and governance, working with technology to implement scalable solutions for a global financial institution.

The role requires a Master's or PhD in a quantitative field and 5+ years of experience, with strong English communication and proficiency in C++ and Python.