Assistant Vice President; Quantitative Finance Analyst

Posted:
8/30/2024, 6:38:17 AM

Location(s):
Charlotte, North Carolina, United States ⋅ North Carolina, United States

Experience Level(s):
Expert or higher

Field(s):
Data & Analytics

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

  • Develop complex statistical models in support of risk management and analytics within Wholesale portfolio.

  • Analyze portfolio trends concerning credit score cut-offs, loss trends, portfolio dynamics, and bureau scoring criteria.

  • Conduct model performance testing, monitoring and data quality assessment.

  • Communicate analytical and research results as part of ongoing engagement with key stakeholders, including the lines of business, risk managers, model validation, and technology, including through performance reports.

  • Develop models that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures.

  • Review and analyze trends in current population distributions and recommending strategies.

  • Develop regression and simulation wholesale credit risk models which support risk rating process, portfolio management, regulatory capital using SAS and Python.

  • Perform data quality check and importing data onto Hadoop database by running SQL queries.

  • Produce model technical documentation as well as model ongoing monitoring reports using LaTex.

  • Utilize SAS and Python to execute ongoing model monitoring for wholesale capital and scorecard models.

  • Analyze credit performance and financial statement data identifying relevant risk drivers and portfolio trends.

  • Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience

  • Master's degree or equivalent in Quantitative Finance & Risk Management, Mathematics, Statistics, or related; and

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

  • Must include 2 year of experience in each of the following:

  • Developing regression and simulation wholesale credit risk models which support risk rating process, portfolio management, regulatory capital using SAS and Python;

  • Performing data quality check and importing data onto Hadoop database by running SQL queries;

  • Producing model technical documentation as well as model ongoing monitoring reports using LaTex;

  • Utilizing SAS and Python to execute ongoing model monitoring for wholesale capital and scorecard models; and,

  • Analyzing credit performance and financial statement data identifying relevant risk drivers and portfolio trends.

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

EMPLOYER:  Bank of America N.A.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Bank of America

Website: https://bankofamerica.com/

Headquarter Location: Charlotte, North Carolina, United States

Employee Count: 10001+

Year Founded: 2007

Last Funding Type: Seed

Industries: Asset Management ⋅ Banking ⋅ Finance ⋅ Financial Services ⋅ FinTech