Quantitative Finance Analyst

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

Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Description : This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical 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.Responsibilities : Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key driversSupports the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritizationIdentifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development / validationSupports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetiteSupports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development / validation projects and identify areas of potential riskWorks closely with model stakeholders and senior management with regard to communication of submission and validation outcomesPerforms statistical analysis on large datasets and interprets results using both qualitative and quantitative approachesSkills : Critical ThinkingQuantitative DevelopmentRisk AnalyticsRisk ModelingTechnical DocumentationAdaptabilityCollaborationProblem SolvingRisk ManagementTest EngineeringData ModelingData and Trend AnalysisProcess Performance MeasurementResearchWritten CommunicationsMinimum Education Requirement : Master's degree in related field or equivalent work experienceRequired Skills : 2+ years of relevant work experience or equivalent educational trainingHigh level of intellectual curiosity and willingness to develop and work on new ways of testingStrong analytical and problem-solving skillsStrong programming skills including SQL and PythonStrong technical writing and clear verbal communication skillsEffectively presents findings, data, and conclusions to influence senior leadersAbility to work in a large, complex organization, and influence various stakeholders and partnersStrong team player able to seamlessly transition between contributing individually and collaborating on team projectsFeels ownership and accountability for delivering high quality work, able to prioritize effectively, adapt, and able to work under pressure and deliver to tight deadlinesWell organized, and has attention to detailDesired Skills : Experience building automation tooling that is optimized for working with large datasetsExperience working with structured and unstructured data in various storage solutionsStrong stakeholder engagement skills with an ability to work with colleagues in other functionsSelf-motivated and intellectually curious about both the role, supporting technologies and the wider bankUnderstanding of financial markets and productsShift : 1st shift (United States of America)Hours Per Week : 40Pay Transparency detailsUS - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)Pay and benefits informationPay range$88,800.00 - $150,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.