GRA Consumer Production Operations has an opportunity for a Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure that models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard. GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities.
Primary Responsibilities: • Build Consumer model execution, aggregation, and reporting processes to support production forecast, back-testing, and on-going model monitoring. • Execute existing production processes • Establishing procedures, process maps and controls as new processes are built out and existing processes are improved • Defining requirements for the Technology platform, performing user acceptance testing prior to models/processes being deployed into production • Monitoring compute and storage usage of model runs, optimizing execution, as needed • Regularly collaborating with key stakeholders involved in the forecast production process, including Model Developers, Model Risk Management, Forecast Administrators, Technology, Lines of Business • Constantly improving production processes toward operational excellence
Locations - Jersey City, New Jersey;Charlotte, North Carolina
Required Skills: • Master’s degree in a quantitative field such as Computer Science and Engineering • Strong programming skills in Python and SQL • Strong background in object oriented programming, database design • Experience with Data Analytics tools (e.g., Alteryx, Tableau) • Advanced proficiency with Microsoft suite • Strong analytical and problem-solving skills • Strong communication and presentation skills
Desired Skills: • 3+ years of experience in engineering fields • Broad understanding of financial products, markets and risks • Effective at prioritization/time and project management • Experience with project management (PM) best practice, familiar with PM tools such as JIRA • Hands-on and detail oriented, exhibits a “can-do” attitude • Experience with CCAR, CECL
About Bank of America
At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.