Bank of America
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Sr Quantitative Fin Analyst
role at
Bank of America
6 days ago – be among the first 25 applicants
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 an 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!
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 drivers.
Leads 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 validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation.
Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise’s risk appetite.
Leads and provides 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 risk.
Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.
Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches.
Skills
Critical Thinking
Quantitative Development
Risk Analytics
Risk Modeling
Technical Documentation
Adaptability
Collaboration
Problem Solving
Risk Management
Test Engineering
Data Modeling
Data and Trend Analysis
Process Performance Measurement
Research
Written Communications
Required Skills
Graduate degree in quantitative discipline (e.g., Mathematics, Economics, Engineering, Finance, Physics)
Expert communication skills, experience with executive presence, presenting to senior leaders
8+ years of experience in model development, statistical methods, forecast methods, data analytics, or quantitative research
Experience in Risk, Credit, Collections or Financial Operations with demonstrated track record of generating and communicating insights which improve performance and understanding
History of driving change and advancing the status quo via strategic thinking across forecasting, analytics, or automation of operations and controls
Attention to detail coupled with ability to simplify the complex
Experience in data science and analysis, with strong analytical skills
Demonstrated ability to organize and work collaboratively across multiple teams and functions
Strong written and oral communication skills, with the ability to cater to both technical and executive audiences when needed
Flexibility to work independently with little supervision in a complex team environment
Proficiency with Tableau, MS Word/Excel/PowerPoint
Desired Skills
Proven analytical ability and problem solving skills demonstrated through banking experience related to loss forecasting, analytics and operations with ability to pro‑actively lead
Experience meeting with internal or external bank examiners and responding to questions and required actions in a timely manner
Previous demonstrated strong leadership or project management experience
Consumer behavior analytics or risk modeling in a financial institution
Programming skills (SQL, Python, R, LaTeX)
Experience with CECL, DFAST, CCAR forecast methodologies
Shift 1st shift (United States of America)
Hours Per Week 40
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Research, Analyst, and Information Technology
Industries Banking
Referrals increase your chances of interviewing at Bank of America by 2x.
Get notified about new Senior Quantitative Analyst jobs in
Newark, DE .
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Sr Quantitative Fin Analyst
role at
Bank of America
6 days ago – be among the first 25 applicants
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 an 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!
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 drivers.
Leads 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 validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation.
Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise’s risk appetite.
Leads and provides 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 risk.
Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.
Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches.
Skills
Critical Thinking
Quantitative Development
Risk Analytics
Risk Modeling
Technical Documentation
Adaptability
Collaboration
Problem Solving
Risk Management
Test Engineering
Data Modeling
Data and Trend Analysis
Process Performance Measurement
Research
Written Communications
Required Skills
Graduate degree in quantitative discipline (e.g., Mathematics, Economics, Engineering, Finance, Physics)
Expert communication skills, experience with executive presence, presenting to senior leaders
8+ years of experience in model development, statistical methods, forecast methods, data analytics, or quantitative research
Experience in Risk, Credit, Collections or Financial Operations with demonstrated track record of generating and communicating insights which improve performance and understanding
History of driving change and advancing the status quo via strategic thinking across forecasting, analytics, or automation of operations and controls
Attention to detail coupled with ability to simplify the complex
Experience in data science and analysis, with strong analytical skills
Demonstrated ability to organize and work collaboratively across multiple teams and functions
Strong written and oral communication skills, with the ability to cater to both technical and executive audiences when needed
Flexibility to work independently with little supervision in a complex team environment
Proficiency with Tableau, MS Word/Excel/PowerPoint
Desired Skills
Proven analytical ability and problem solving skills demonstrated through banking experience related to loss forecasting, analytics and operations with ability to pro‑actively lead
Experience meeting with internal or external bank examiners and responding to questions and required actions in a timely manner
Previous demonstrated strong leadership or project management experience
Consumer behavior analytics or risk modeling in a financial institution
Programming skills (SQL, Python, R, LaTeX)
Experience with CECL, DFAST, CCAR forecast methodologies
Shift 1st shift (United States of America)
Hours Per Week 40
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Research, Analyst, and Information Technology
Industries Banking
Referrals increase your chances of interviewing at Bank of America by 2x.
Get notified about new Senior Quantitative Analyst jobs in
Newark, DE .
#J-18808-Ljbffr