Bank of America Senior Quantitative Finance Analyst, Market Risk - Chicago, IL in Chicago, Illinois
Responsible for development, maintenance and enhancement of quantitative/analytic models and applications in support of the firm's risk management effort. This role focuses on the development and enhancement of risk analytics. This role often possesses an advanced degree in statistics or another related quantitative discipline.
Bank of America Global Risk Management organization has an opportunity for a Senior Quantitative Finance Analyst within its Market Risk Analytics group, which is responsible for providing quantitative modeling and analytics support to Global Market Risk Management and Enterprise Capital Management. The candidate is expected, but not limited to perform the following tasks:
Develop quantitative/analytic models and applications in support of market risk assessment and regulatory capital calculation.
Provide developmental evidence on statistical assumptions of risk and stress testing models.
Work with model stakeholders on defining model enhancements/changes, performing testing and impact analysis, and conduct ongoing review and analysis.
Preparation of developmental evidence and document to support internal and external inquiries.
Partner with various internal groups including Capital, Risk, Technology and Model Risk Management to provide model transparency and enhancing analytics capability.
PhD degree in quantitative fields such as statistics, financial engineering, physics, mathematics, computer science, etc.
5 to 10 year experience in the finical industry as a quant developer/modeler.
In depth knowledge of statistical methods and data mining techniques.
Solid understanding of derivatives pricing.
In depth understanding of Value at Risk and statistical estimation methods.
Advanced programming skills in Python and R.
Effective thinking skills to, independently and proactively, identify/suggest/resolve issues.
Ability to lead projects executions and work with other members of the quant-developer team.
Strong communication (both written and verbal) and collaboration skills.
Posting Date : 03/22/2018
Chicago, IL, 135 S LA SALLE ST (IL4135),
- United States
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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