Volume Forecasting & Capacity Modeling Associate

Bank of America; Charlotte (NC); On-site; USD 110,000 - 160,000; Full time

Job summary

Bank of America is seeking a data modeling professional to develop and maintain volume forecasting and capacity planning models to optimize staffing and operations. The role emphasizes quantitative analysis, forecasting accuracy, and adherence to Model Risk Management standards.

The ideal candidate will collaborate with frontline units and senior leadership to drive efficiency and informed decision-making. The position requires strong analytical skills, experience with forecasting,

Qualifications

• Strong quantitative skills and experience in time series forecasting, simulation modelling, operations research, and analytics.
• Develop and maintain models for volume forecasting, capacity planning, and resource optimization.
• Experience presenting findings to key stakeholders and ensuring Model Risk Management (MRM) compliance.

Responsibilities

• Develop and maintain volume forecasting, capacity planning, and resource optimization models.
• Help modernize existing volume forecasting and capacity models using advanced predictive modeling, simulation and optimization techniques.
• Assist in driving volume and capacity modeling consistency and innovation across the team.
• Routinely partner with the Front Line Units (FLUs) to generate best in class outcomes.
• Conduct routine model production and performance presentations with executive leadership.
• Evaluate new opportunities and implement enhancements to current capacity model inputs, processes, and outputs.
• Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines.
• Develops and maintains models for the line of business, including volume forecasts, capacity plans, and vendor models.
• Drives horizontal consistency in model development and usage across peer groups.
• Conducts routine model production and performance presentations with executive leadership.

Skills

Time series forecasting

Capacity planning

Simulation modelling

Operations research

Analytics

Quantitative skills

Verbal and written communication

Job description

Bank of America is seeking a data modeling professional to develop and maintain volume forecasting and capacity planning models to optimize staffing and operations. The role emphasizes quantitative analysis, forecasting accuracy, and adherence to Model Risk Management standards.

The ideal candidate will collaborate with frontline units and senior leadership to drive efficiency and informed decision-making. The position requires strong analytical skills, experience with forecasting,