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Sr Quantitative Finance Analyst

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

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Job 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.

Bank of America is looking for a Quantitative Finance Analyst to join the Global Risk Analytics team. The prospective candidate will have responsibility for independently conducting quantitative analytics and loss forecasting projects in support of the Retail Credit Card and Consumer Vehicle Lending portfolios.

The main function of the role is to develop and expand analytics capabilities and output in examining portfolio health, loss model performance and forecast results. This position requires assessing performance trends and helping with adoptions of new platforms, loss models and data sources.

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
Design, estimation, and validation of consumer behavioral models
Organizing and preparing development documentation and supporting materials
Presenting to senior management and model examiners
Cross functional support for model installation and ongoing monitoring
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.)
2+ 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 19064255

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