Vice President; Quantitative Finance Analyst

Bank of America; New York (NY); On-site; USD 200,000 - 225,000; Full time

Job summary

Bank of America in New York, NY, seeks a highly skilled quantitative professional to enhance pricing and risk models, perform market analysis, and validate model risk management processes. The role involves integrating models with front office systems and supporting regulatory requirements.

The position requires a Master’s degree in a related field and at least three years of experience in quantitative roles, with proficiency in developing models, applying econometric methods, and building

Qualifications

• Master's degree in Financial Economics, Mathematics, Economics, Statistics, Finance, or related field.
• 3 years of experience in quantitative occupation with specified areas.

Responsibilities

• Develop and implement quantitative models to analyze market behavior and forecast trends.
• Apply statistical and econometric techniques to solve complex problems and support data-driven decisions.
• Design data-driven solutions to manipulate large datasets and build scalable tools for research.
• Construct financial and statistical models using transactional data to support analytics and insights.

Skills

Quantitative models

Statistical techniques

Econometric analysis

Data workflows

Education

Master's degree in finance/related

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Responsibilities

• Perform enhancement of pricing and risk models to incorporate new market or products features.
• Conduct quantitative analysis of the current markets, trends and trading strategies.
• Perform numerical analysis of existing models and implementation and testing of performance enhancements.
• Investigate and improve high-frequency algorithmic trading strategies.
• Generate required documentation and testing to support model risk management ongoing model review and validation.
• Work with front office technology teams to integrate models into the trading and risk systems.
• Perform work required to support regulatory and compliance requirements (such as Comprehensive Capital Analysis and Review).
• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience

Master's degree or equivalent in Financial Economics, Mathematics, Economics, Statistics, Finance, or related: and 3 years of experience in the job offered or a related Quantitative occupation. Must include 3 years of experience in each of the following:

• Developing and implementing quantitative models to analyze market behavior, forecast trends, and evaluate economic scenarios;
• Applying statistical and econometric techniques to solve complex problems, validate hypotheses, and support data-driven decision-making;
• Designing and implementing data-driven solutions to manipulate large datasets, automate analytical workflows, and build scalable tools for research and strategy;
• Constructing financial and statistical models using transactional-level data to support advanced analytics, optimize decisions, and generate strategic insights.

Employer Information

EMPLOYER: BofA Securities, Inc.

Shift: 1st shift (United States of America) Hours Per Week: 40

Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay & Benefits

Pay range $200,000.00 - $225,000.00 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.

Benefits 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.

Privacy Statement

https://careers.bankofamerica.com/en-us/privacy-notice

Company Culture & Values

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well‑being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi‑faced approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.

Additional Information

Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe. Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency