Bank of America Quantitative Finance Analyst in Chicago, Illinois
Bank of America Merrill Lynch is looking for a Quantitative Financial Analyst in its Model Risk Management team. The successful candidate will work on the validation of market risk models.
Work closely with model developers and risk management groups
Critically review the underlying theory, assumptions, limitations, implementation and performance of the models
Identify and quantify associated model risk
Perform thorough testing of models, including implementation verification, performance testing, stress testing and alternative assumptions testing
Analyze results of ongoing monitoring of model performance
Prepare model validation reports and other technical documents
PhD in a quantitative field such as mathematics, physics, engineering or operations research
Very strong mathematical and modeling skills
Knowledge of derivatives pricing theory a strong plus
Knowledge in statistics or time series econometrics a plus
Strong communication skills (written and verbal)
Strong programming skills (C++ or Python a plus)
Strong aptitude for independent critical thinking, including a healthy skepticism and intellectual curiosity
Effective team player
Hard working and detail oriented, “can-do” attitude
Posting Date : 08/15/2017
Location : US-IL-Chicago, US-NY-New York
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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