Bank of America Senior Quantitative Finance Analyst Phoenix, Arizona Apply Now
Job Description:
This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.
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
- Technical Documentation
- Problem Solving
- Data Modeling
- Data and Trend Analysis
- Process Performance Measurement
- Research
Minimum Education Requirement: Master’s degree in related field or equivalent work experience.
Required Education:
Graduate degree in highly technical discipline. Common areas of study include but are not limited to: Mathematics, Physics, Economics, Computer Science, Data Science, Operations Research.
Required Skills:
- 5+ years of relevant work experience or equivalent educational training.
- Ability to solve complex problems and handle large data sets.
- Proven leadership abilities, working across organizational lines.
- Strong programming skills including SQL and Python.
- Deep understanding of appropriate software development lifecycle.
- Strong technical writing and clear verbal communication skills.
- Feels ownership and accountability for delivering high quality work, able to prioritize effectively, adapt, and able to work under pressure and deliver to tight deadlines.
- Ability to work independently, multitask and properly prioritize multiple projects.
- Curiosity and willingness to develop and work on new ways of testing.
- Capable of providing leadership to junior developers.
Desired Skills:
- Experience building automation tooling that is optimized for working with large datasets.
- Experience working with structured and unstructured data in various storage solutions.
- Experience in operational and compliance risk related testing.
- Strong stakeholder engagement skills with ability to work with colleagues in other functions.
- Organized, practical and execution focused with some project management experience.
- Self-motivated and intellectually curious about both the role, supporting technologies and the wider bank.
- Broad understanding of financial markets and products.
Shift: 1st shift (United States of America)
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