Assistant Vice President: 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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At 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:

• Conduct quantitative analytics and modeling projects independently.
• Develop new models, analytic processes, or systems approaches.
• Create documentation for all activities and work with Technology staff in the design of any system to run models developed.
• Apply quantitative methods to develop capabilities that meet line of business, risk management, and regulatory requirements.
• Maintain and continuously enhance capabilities over time to respond to the changing nature of portfolios, economic conditions, and emerging risks.
• Understand and execute activities that form the end-to-end model development and use life cycle.
• Document clearly and communicate quantitative methods effectively as part of ongoing engagement with key stakeholders, including the lines of business, risk managers, model validation, and technology.
• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience:

• Master's degree or equivalent in Engineering (Any), Mathematics, Statistics, Computer Science 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:
• Analyzing and evaluating large and complex economic and financial datasets with analytical tools of Python, SQL and R;
• Using big data technologies of SQL to handle large volumes of data produced by complex financial forecasting models;
• Developing and evaluating quantitative modeling and analytics projects in risk analytics and loss forecasting leveraging tools R, and Python;
• Employing data analytics and visualization tools Alteryx, Tableau, and Jupyter Notebook to build easy access analytical capabilities and insightful reporting for the management; and,
• Interpolating curves in VBA, analyzing margin behavior, debugging optimizing code for Swaption liquidity model in Matlab.

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:

Hours Per Week: