Wholesale Credit Risk Quant Analyst

National Black MBA Association

Jersey City, Northern (NJ, KY)

On-site

USD 90,000 - 155,000

Full time

6 days ago

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Job summary

Bank of America is seeking a Quantitative Finance Analyst to conduct quantitative analytics and modeling for risk management. You will develop models, run analyses on large datasets, and prepare documentation for validation and implementation.

You will collaborate with risk managers and technology teams to design systems for running models and to communicate outcomes to senior leadership. The role requires a strong quantitative background, an MSc or higher, and at least two years of experience

Qualifications

Master’s degree in a related quantitative field.
Minimum of 2 years of relevant experience.
Strong quantitative and analytical background with programming experience.

Responsibilities

Performs end-to-end market risk stress testing including scenario design and reporting.
Supports model development and risk management in focus areas.
Creates documentation for models and analyses.
Interacts with model risk management and stakeholders.
Analyzes large datasets using quantitative methods.
Develops and validates wholesale credit risk models.
Prepares white papers for developed models.
Communicates submission and validation outcomes to senior management.