Quantitative Finance Analyst - SERA

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

As a part of Scenario & Enterprise Risk Analytics (SERA), the Research sub-team provides credit focused intelligence, in-depth macro-economic and industry specific credit research, and powerful analytical tools to support credit risk management and decision making across the enterprise. The team is responsible for innovative solutions and support in both business-as-usual (BAU) activities¬, including regulatory deliverables in Scenario Generation, Loss Forecasting, Model Development etc., and next generation capabilities development that foster the advancement of data-driven insights in support of responsible growth.

There are four core areas of focus:

• Economic & Industry Insights and Analytics
• Scenario Generation & Support
• Next Generation Analytics Capability Development
• Cross-Organizational Projects & Initiatives

Responsibilities:

• Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
• Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
• Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
• Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
• Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
• Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
• Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

Required Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, Business, or related field. Alternatively, a bachelor’s degree in a technical field (i.e: engineering, computer science, mathematics, statistics, etc.) and a demonstrated interest in finance and markets.
• Progress toward (or completion of) CFA a plus.
• Ability to identify key industry drivers, excellent quantitative skills and judgment in the field of research. Prior experience in a research-orientated role (e.g. Equity, Credit) is a plus.
• The candidate must be able to thrive in a fast-paced and intense environment, be intellectually curious about drivers of the economy, industry & company performance and consumer behavior
• Strong economic and financial skills and a keen interest in markets, some experience in investment strategy is a plus
• Strong writing and spreadsheet skills
• Must be an expert in MS Excel, experience working with statistical packages and/or programming experience preferred
• Must have excellent communication skills, written and verbal
• Must have strong attention to detail, ability to multi-task
• Must work well in a collaborative team environment and be exceptionally driven

Desired Qualifications:

• Some knowledge of Tableau, SQL, Python.
• Good understanding of current US regulatory environment, including but not limited to CECL and CCAR

Skills:

• Critical Thinking
• Quantitative Development
• Risk Analytics
• Risk Modeling
• Technical Documentation
• Adaptability
• Collaboration
• Problem Solving
• Risk Management
• Test Engineering
• Data Modeling
• Data and Trend Analysis
• Process Performance Measurement
• Research
• Written Communications

Minimum Education Requirement: Master’s degree in related field or equivalent work experience

Shift: 1st shift (United States of America)

Hours Per Week: 40

Skills:

• Accounting
• Analysis Skills
• Automation
• Bank Stress Testing
• Business Strategy
• Career Development
• Chartered Financial Analyst (CFA)
• Communication Skills
• Computer Science
• Continuous Improvement
• Corporate Planning
• Credit Risk
• Customer/Consumer Behavior
• Data Analysis
• Data Modeling
• Data Sets
• Detail Oriented
• Economics
• Establish Priorities
• Finance
• Financial Analysis
• Financial Mathematics
• Forecasting
• Investment Strategy
• Leadership
• Mathematics
• Microsoft Excel
• Military
• Model Review
• Model Validation
• Multitasking
• Operational Strategy
• Order Delivery
• Organizational Development/Management
• Performance Metrics
• Presentation/Verbal Skills
• Problem Solving Skills
• Process Modeling
• Product Development
• Python Programming/Scripting Language
• Quantitative Analysis
• Regulations
• Reporting Dashboards
• Risk
• Risk Analysis
• Risk Management
• Risk Modeling
• SQL (Structured Query Language)
• Spreadsheets
• Statistical Programming Languages
• Statistics
• Stock Market
• Strategic Planning
• Tableau
• Talent Management
• Team Player
• Technical Leadership
• Technical Writing
• Test Scenario
• Testing
• Trend Analysis
• Writing Skills

About the Company:

Bank of America