Senior Quantitative Risk Modeling Lead

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

Benefits offered by this job

Industry-leading benefits

Annual discretionary plan

Incentive eligibility

Job summary

Bank of America seeks a Senior Quantitative Finance Analyst in the Alternate Modelling Group (AMG) within Global Risk Analytics. You will lead modelling projects, build next-generation risk and capital models, and provide industry best practices while collaborating with stakeholders across the bank.

Role requires advanced quantitative skills, leadership, and ability to deliver under tight deadlines with clear technical communication and documentation for regulatory purposes.

Qualifications

• Master's degree in a numerical field or equivalent work experience.
• PhD in a related area desirable for advanced modelling roles.
• Strong foundation in statistics, probability, econometrics and financial mathematics.

Responsibilities

• Lead design, development, implementation and deployment of new quantitative models and analytic processes.
• Provide guidance on modelling best practices and documentation for regulatory purposes.
• Collaborate with stakeholders to gather requirements and communicate outcomes clearly.
• Govern models to meet regulatory expectations and deliver on deadlines.
• Perform statistical analysis on large datasets and interpret results using qualitative and quantitative methods.
• Lead and mentor junior team members and manage multiple projects under pressure.

Skills

Statistics

Probability Theory

Econometrics

Financial Mathematics

Model Development

Python

SQL

VBA

LaTeX

Leadership

Communication

Data Analysis

Education

Master's degree

PhD desirable

Tools

SQL

Python

VBA

LaTeX

Job description

Bank of America seeks a Senior Quantitative Finance Analyst in the Alternate Modelling Group (AMG) within Global Risk Analytics. You will lead modelling projects, build next-generation risk and capital models, and provide industry best practices while collaborating with stakeholders across the bank.

Role requires advanced quantitative skills, leadership, and ability to deliver under tight deadlines with clear technical communication and documentation for regulatory purposes.