Sr. Quantitative Finance Analyst - Liquidity Model Validation

Bank of America; Charlotte (NC); On-site; USD 125,000 - 210,000; Full time

Job summary

Join a forward-thinking financial institution as a Senior Quantitative Finance Analyst focusing on liquidity risk management. This role offers the opportunity to conduct independent testing of complex models while ensuring compliance with regulatory standards. You will leverage your quantitative skills and industry knowledge to provide thought leadership and hands-on expertise in managing liquidity risk. With a commitment to diversity and inclusion, this organization fosters a supportive environment for professional growth and development. If you're passionate about making a difference in the financial sector, this is the perfect opportunity for you.

Benefits

Industry-leading benefits

Paid time off

Discretionary incentive plan

Qualifications

• Master’s degree or equivalent experience required.
• 5+ years in liquidity risk management models essential.

Responsibilities

• Conduct independent testing of liquidity risk models.
• Ensure compliance with regulatory guidelines and standards.

Skills

Quantitative Analysis

Liquidity Risk Management

Communication Skills

Model Testing

Regulatory Compliance

Education

Master’s degree in Finance or Economics

Job description

Sr. Quantitative Finance Analyst - Liquidity Model Validation

Charlotte, North Carolina; Jersey City, New Jersey; New York, New York

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Enterprise Model Risk Management seeks a Senior Quantitative Finance Analyst – Liquidity Risk to conduct independent testing and review of complex models used to monitor and mitigate liquidity and funding risks in the Bank. Responsible for compliance with Enhanced Prudential Standards and other regulatory guidelines, the candidate will work on models related to both banking and trading businesses of Bank of America. The candidate should exhibit familiarity with industry practices and have up-to-date knowledge of liquidity risk management. The candidate should be able to provide both thought leadership and hands-on expertise in methodology, techniques, and processes in applying mathematical approaches to manage the bank’s liquidity risk models and model systems.

Minimum Education Requirement: Master’s degree in related field or equivalent work experience.

Required Qualifications:

1. Masters in finance or economics with demonstrated quantitative skills.
2. FRM and CFA certifications preferred.
3. Knowledge and 5+ years of experience in building and understanding of liquidity risk management models.
4. Strong familiarity with the industry practices in the field and knowledge of up-to-date liquidity risk management.
5. Excellent written and oral communication skills with stakeholders of varying analytic skill and knowledge levels.

Pay and Benefits Information:

Jersey City, NJ pay range: $125,000.00 - $210,000.00 annualized salary, offers to be determined based on experience, education and skill set.

New York pay range: $125,000.00 - $210,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible: This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.