VP; Quantitative Finance Analyst

Charlotte, North Carolina

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Responsibilities :

• Apply quantitative models and techniques in order to address and resolve concrete financial problems.

• Perform balance sheet management, credit risk quantification, financial engineering, quantitative financial modeling, and risk review.

• Develop emerging risk assessments, analyzing credit risk scenarios, as well as modeling some of our key risk factors.

• Conduct research and analysis to provide a micro view of risk in a particular business line and a macro view of risk for the bank as a whole.

• Assess market trends and providing quantitative data for internal partners.

• Apply quantitative knowledge to specific financial challenges and projects specific to business alignment.

• Implement solutions applying both qualitative and quantitative methods.

• Analyze and assess large, complex financial dataset with programming tools such as SQL and R.

• Develop and analyze statistical models such as linear regression, auto egression, or logistic regression to assess model diagnostic and model performance.

• Generate statistical analysis to support stress testing, credit risk management, regulatory examinations.

• Utilize econometric and Machine Learning modeling techniques to assess test results and improve model performance.

• Assess model governance requirements and coordinating deliverables across a broader team to adhere to regulatory requirements.

Required Skills & Experience :

• Master's degree or equivalent in Finance, Statistics, Mathematics, Financial Engineering, or related; and

• 3 years of experience in the job offered or a related quantitative occupation.

• Must include 3 years of experience in each of the following:

• Analyzing and assessing large, complex financial dataset with programming tools such as SQL and R;

• Developing and analyzing statistical models such as linear regression, auto regression, or logistic; egression to assess model diagnostic and model performance;

• Generating statistical analysis to support stress testing, credit risk management, and regulatory examinations;

• Utilizing econometric and Machine Learning modeling techniques to assess test results and improve model performance; and,

• Assessing model governance requirements and coordinating deliverables across a broader team to adhere to regulatory requirements.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

Salary : $108,700- $127,500

Employer :Bank of America N.A.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.