Vice President; Quantitative Finance Analyst

New York, New York

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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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Responsibilities

• Assess conceptual foundations of a model, model specification, underlying assumptions, limitations, variable selection, underlying data, developmental evidence, documentation.

• Assess quality of model outputs through back testing against realized outcomes, benchmarking against alternative models and other relevant tests.

• Develop code to replicate results and conduct independent testing to verify accuracy of model implementation.

• Develop emerging risk assessments, analyzing credit risk scenarios, as well as modeling some of our key risk factors.

• Conduct research and analysis to provide a micro view of risk management in a particular business line and a macro view of risk management for the bank as a whole.

• Assess market trends and provide quantitative data for internal partners.

• Utilize advanced quantitative techniques and tools to perform statistical analysis, predictive modeling, generalized linear model and model performance evaluation.

• Analyze and evaluate large and complex economic and financial datasets with analytical tools of Python, SAS, SQL and R.

• Apply quantitative techniques, logistic regressions and error attribution analysis to practical business problems for large financial institutions.

• Utilize LaTeX to create full-length report of publication quality with minimum supervision.

• Use data visualization tools of PROC SGPLOT and SGPANEL to process and visualize large datasets in order to support model validation.

• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience

• Master's degree or equivalent in Finance, Mathematics, Economics, Statistics or related: and

• 2 years of experience in the job offered or a related Quantitative occupation.

• Must include 2 years of experience in each of the following:

• Utilizing advanced quantitative techniques and tools to perform statistical analysis, predictive modeling, generalized linear model and model performance evaluation;

• Analyzing and evaluating large and complex economic and financial datasets with analytical tools of Python, SAS, SQL and R;

• Applying quantitative techniques, logistic regressions and error attribution analysis to practical business problems for large financial institutions;

• Utilizing LaTeX to create full-length report of publication quality with minimum supervision; and,

• Using data visualization tools of PROC SGPLOT and SGPANEL to process and visualize large datasets in order to support model validation.

If interested apply online at www.bankofamerica.com/careers or email your resume to [email protected] and reference the job title of the role and requisition number.

EMPLOYER: Bank of America N.A.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.