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Quantitative Finance Analyst

Bank of America | Atlanta GA 30308 USA | Full Time | Posted: 11/12/2019

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Job Description:

Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products.

Bank of America's Wholesale Risk Analytics Operations team is looking for a hands-on Quantitative Finance Analyst (QFA) to be responsible for managing the production support, maintenance and ongoing monitoring and calibration of wholesale risk models.  This can include data acquisition, technical modeling, full documentation of methodology and results.  The QFA will also work with the implementation team to ensure that this critical function is performed correctly. The QFA will present results to and integrate with business partners and provide guidance to them on technical issues. Subject credit models serve as critical input to Global Banking and Markets (GBAM), Global Commercial Banking (GCB), Global Wealth and Investment Management (GWIM), and Consumer Banking lines of business (underwriting, pricing, approval, and credit monitoring) functions. Subject credit models are also integral to the capital management PD/EAD/LGD parameter quantification process and reporting (Basel 3 Risk Weighted Assets and Economic Capital), commercial asset quality forecasting (CCAR/DFAST stress testing), loan loss reserving and reporting (ALLL/IFRS9/CECL), risk appetite and limit setting.

A successful candidate will be a team player supporting and improving internal team functions ranging from scorecard development, methodology development, model process engineering, model impact analysis, and model management.

A successful candidate will integrate well with partners in Model Risk Management (MRM), Enterprise Credit and Operational Risk, Global Risk Analytics, Balance Sheet and Capital Management, Technology, Audit and Compliance as well as Federal Reserve and Office of the Comptroller of the Currency (OCC).

A successful candidate demonstrates learning abilities and following behaviors:

  • Is respectful of and curious about what he/she does not know
  • Thinks holistically with business and economic intuition
  • Listens and learns about model uses, data analysis and sources, technology implementation, credit risk and business , regulation and regulatory guidance, macro/market/credit economics, accounting, capital, stress testing, allowance for loan lease losses
  • Executes and is over-prepared and under-whelmed
  • Integrates seamlessly across complex set of stakeholders, internal partners, external resources
  • Becomes aware and is flexible, adaptive, and proactive
  • Is compelling in verbal, non-verbal and writing and communicates with intention

Qualifications:

  • PhD, MS or BS in engineering, statistics, operations research, economics, finance, physics or mathematics
  • Clear and concise technical documentation
  • Knowledge in scorecard building or PD/LGD/EAD modeling for credit related products
  • Experience with SAS, SQL, R and other related software and hardware
  • Understanding of how quantitative methods can be applied to finance and banking
  • Fundamental understanding of micro and macroeconomic concepts
  • Proficient in project management, particularly in the development, implementation, application, and validation/back-testing of models or analytic processes.
  • Intellectually inquisitive and a self starter

Shift:

1st shift (United States of America)

Hours Per Week:

40

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Location Atlanta, GA, 30308, United States
Categories Banking/Investment

Location Maptop

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Job Code 19049089
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