Sustainability Quantitative Finance Analyst -CFO Group

Bank of America; Charlotte (NC); On-site; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a detail-oriented professional to join their Corporate Sustainability Controller team. This role involves conducting quantitative analytics and supporting model development to achieve ambitious sustainability goals, including a commitment to Net Zero by 2050. The successful candidate will collaborate with various stakeholders, utilizing their strong technical skills in SQL, R, and Python to drive impactful decisions. If you're passionate about sustainability and have a knack for data analysis, this is the perfect opportunity to make a meaningful contribution in a dynamic and inclusive environment.

Qualifications

• 5+ years of experience in data management, technology, or risk management.
• Master’s degree in data science, engineering, or related field preferred.

Responsibilities

• Conduct quantitative analytics and support modeling projects for business units.
• Perform model execution and develop reporting solutions with a focus on automation.
• Partner with stakeholders to understand model methodologies and implement updates.

Skills

Critical Thinking

Quantitative Development

Risk Analytics

Risk Modeling

Technical Documentation

Adaptability

Collaboration

Problem Solving

Risk Management

Test Engineering

Data Modeling

Data Visualization

Process Performance Measurement

Continuous Improvement

Controls Management

Education

Master’s degree in related field

5 years of experience in data management or related fields

Tools

SQL

R

Python

Job description

Job Description:

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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

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

Job Description:

Bank of America committed to achieving Net Zero before 2050 in our financing activities, operations, and supply chain (Net Zero goal) in 2021. Recognizing the amount of capital necessary to accelerate the transition, Bank set a goal to mobilize and deploy $1.5 trillion in sustainable finance by 2030 which includes capital deployed across clean energy sectors and tailored financial solutions for emerging areas of the low-carbon economy. This role is part of Corporate Sustainability Controller (CSC) - Financed Emissions team, which is part of Bank’s CFO organization and works with various stakeholders within the firm including Global Environment Group (GEG), Global Risk Analytics (GRA), and Line of Business partners to help develop and implement Bank's environmental sustainability goals and deliver on the Bank's Net Zero goal.

This job is responsible for conducting quantitative analytics and support modeling projects for specific business units or risk types. Key responsibilities include developing analytic processes, or systems approaches, supporting model development and implementation, creating technical and business requirements documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Additionally, the role involves building and maintaining the model integration framework across technology stacks, model production & testing activities along with a secondary focus on model results analytics and reporting to support approaches to net zero progress alignment, target setting, client engagement, and reputational risk review, empowering banking teams to assist clients on net zero financing strategies and specific commercial opportunities. The role will support and partner with business stakeholders in the Technology, GRA Model Development & Implementation teams, Climate and Credit Risk, the Global Environment Group, Lines of Business, Legal Entity Controllers, and Model Risk Management. Candidate must be able to communicate across technology partners, climate office, and the business lines to execute on viable analytical solutions, with a focus on end-user experience and usability. Candidate must be detail-oriented, process-driven, and organized to be able to execute model execution steps.

The ideal candidate should be able to understand updates to data model(s) based on model development activities & evaluate subsequent downstream impacts, learn the bank’s proprietary model execution platform, design & execute user acceptance test scripts, perform model execution, conduct quantitative analysis of the model outputs, and support results analysis. In-depth knowledge of advanced SQL and R/Python Programming language is preferred but not required. The candidate will have experience representing Corporate Sustainability Controller group with critical Climate stakeholders across the firm, and should demonstrate capacity for strategic leadership, exercising significant independent judgment and discretion and work towards strategic goals with limited oversight.

Responsibilities:

• Model Integration: Partner with GRA to understand updates to the existing model methodologies. Evaluate changes to the model output data model(s) and partner with technology teams to successfully implement updates in various technology stacks. Design & execute model integration user acceptance test scripts and troubleshoot model integration issues by working with model development/implementation and tech partners. Prepare and complete artifacts required to satisfy new model release governance requirements.
• Model Execution & Control Operations: Perform model execution to support various deliverables such as voluntary disclosures, regulatory requirements, and model ongoing monitoring reports. Troubleshoot model execution issues by working with various stakeholders. Execute analytical model runs to support model sensitivity analysis and attribution analysis. Conduct preliminary quantitative analysis of the model outputs using SQL/R/Python.
• Reporting and Analytics: Support systematic review of model results, develop reporting and analytical solutions with critical focus on automation of processes.
• Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization.
• Identifies continuous improvements through reviews of approval decisions on relevant model development or model implementation tasks, critical feedback on technical documentation, and effective challenges on model development/implementation.
• Works closely with model stakeholders and senior management with regard to communication of development and implementation outcomes.
• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches.

Required Qualifications:

• 5 years of experience in data management, technology, model development/implementation, statistics, or risk management.
• Master’s degree in related field (data science, engineering, computer science, information technology, sustainability, earth/climate sciences, environmental economics, finance) or equivalent work experience.
• Strong technical and analytical skills, with the ability to understand the business goals, needs, and be committed to delivering recommendations that will guide strategic decisions.
• Highly motivated self-starter with excellent time management skills and the ability to effectively manage multiple priorities and timelines.
• Ability to quickly identify risks and determine reasonable solutions.
• Excellent interpersonal, management, and teamwork skills.
• Ability to react and make decisions quickly under pressure with good judgment.

Desired Qualifications:

• Understanding of corporate accounting data integrity considerations and risk management.
• Practical experience with supporting data procurement and analytics of leading ESG reporting frameworks, specifically TCFD and PCAF and experience with climate-related data providers and sources (S&P, MSCI, MJB etc.).
• Knowledge of other frameworks and standards, including SASB, CDP, GRI and other impact reporting frameworks (IFC Performance Standards, Equator Principles, GIRS/IRIS, Impact Management Platform) and industry guidance (SBTi, NZBA, GFANZ, Transition Plan Taskforce, etc.) also welcome.

Skills:

• Critical Thinking
• Quantitative Development
• Risk Analytics
• Risk Modeling
• Technical Documentation
• Adaptability
• Collaboration
• Problem Solving
• Risk Management
• Test Engineering
• Data Modeling
• Data Visualization
• Process Performance Measurement
• Continuous Improvement
• Controls Management

Shift:

1st shift (United States of America)

Hours Per Week:

40