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Senior Quantitative Finance Analyst

Bank of America | Newark DE 19711 USA | Full Time | Posted: 10/15/2019

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Job Description:

Bank of America is looking for a Consumer Loss Forecaster / Analyst to join the Global Risk Analytics team. The prospective candidate will have forecast administrator responsibilities in support of the Retail Credit Card portfolio.

The primary function of the role is to assist with the forecast administration duties for US Card products, including USCC, Small Business Card, and other Business Lending products. This may include assisting in the development of new loss models, assisting in the implementation of externally developed loss models, and providing analysis of model error in order to create an accurate Card loss forecast. The secondary function of the role is to pro-actively drive, develop, and expand analytics capabilities and output across several themes including portfolio health and model performance evaluation (portfolio, component and sub-dimensions).

Additional responsibilities will include producing high quality documentation and presentation materials for senior management and internal / external reviewers. The analyst will also be expected to produce technical documents and work with stakeholders to review and approve forecasts. Candidates will also need strong communication skills to influence forecast design and strategic decisions as they will work closely with business stakeholders.

Job responsibilities include:

  • Application of analytical tools to extract and prepare reference data, assess data limitations and materiality of modeling assumptions
  • Using consumer behavior models to develop loss forecasts
  • Organizing and preparing development documentation and supporting materials
  • Presenting to senior management and internal / external examiners
  • Presenting to senior management and internal / external examiners
  • Ability to identify risks and issues and to effectively troubleshoot
  • Contribute to strategic direction and develop new analytic tools and improve best practices

Required Skills:

  • Master’s Degree or greater in a quantitative discipline (Economics, Statistics, etc.)
  • 5+ years of experience in quantitative analytics (modeling, forecasting, etc.)
  • High quality documentation and presentation materials using Microsoft office
  • Strong communication and interpersonal skills in order to work with cross-functional teams
  • Ability to present and consult with senior management and business stakeholders
  • Programming with SAS, R and other programming languages
  • Experience with SQL and querying large relational databases (DB2, Teradata, Hadoop)

Desired Skills:

  • Consumer behavior analytics or risk modeling in a financial institution
  • Experience with open source software such as LaTeX, Python or R
  • Experience meeting with internal / external examiners and responding to questions and required actions
  • Experience with DFAST / CCAR


1st shift (United States of America)

Hours Per Week:


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Location Newark, DE, 19711, United States
Categories Banking/Investment

Location Maptop

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Job Code 19045409-1

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