Bank of America Sr. Quantitative Finance Analyst in CHARLOTTE, North Carolina

Sr. Quantitative Finance Analyst

Description

Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.

Qualifications

Bank of America is looking for an experienced risk quant to join the Global Risk Analytics team. Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess strong quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans. In addition to having strong quantitative skills, this candidate must also have strong communication skills as they will work closely with senior management and internal business units who use these models.

Design, estimation, and execution of consumer behavioral models

Application of analytical tools to assess risks to enterprise under stress, to design optimal strategies around pricing and originations, and to create integrated frameworks to assess interest revenues, non-interest revenues and credit losses in a consistent fashion.

Sufficient background to identify risks proactively and frame the range of potential outcomes for risks that are hard to model.

Integrate seamlessly in a global organization of analytical associates dedicated to best in class modeling and analysis in support of world class risk management capabilities and culture.

Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.

Required Skills:

Exceptional academic background in a quantitative discipline and strong working experience

Masters or PhD in a quantitative field, PhD strongly preferred

5-7 years of experience working in developing quantitative models

Model development experience in major financial institution

Deep knowledge of banking products and services on consumer businesses like Credit Card/Mortgage business

Ability to advise management on use of proper quantitative methods

Experiences with statistical/financial modeling techniques (Multi factor regression, Markov models, hazard models)

Strong Presentation skills

Strong communication / interpersonal skills; demonstrate initiative and be able to make quick decisions

Willingness to work under pressure to meet deadlines

Ability to multitask and properly prioritize multiple projects

Experiences with Hadoop, Hive for analysis on large unstructured datasets is a plus

Desired Skills:

Data Management Skills

Proficiency in statistical languages like SAS or Matlab

Process Development Experience

Proficiency in Microsoft office suite, PowerPoint, Excel

Job: IF-Investment Banking Risk

Primary Location: US-NC-CHARLOTTE

Work Locations: NC1002 101 S TRYON ST Charlotte 28255

Organization: 4338530-GLOBAL RISK ANALYTICS

Travel: Yes, 5 % of the Time

Job Posting Date: Nov 29, 2016

Unposting Date: Ongoing

Full/Part-time: Fulltime

Hours Per Week: 40.00

Shift: 1st Shift

Req ID: 16058188