The Strategic and Asset Liability Management Group within Bank of America is seeking a senior quantitative analyst to join our Quantitative Finance (QF) team. QF is staffed by quantitative analysts that apply an extensive set of quantitative methods for effective asset liability management at Bank of America. Methods include but are not limited to behavioral and forecasting models for all loan and deposit products for the banks $2 Trillion balance sheet along with pricing and valuation tools for the banks traded discretionary portfolio. Key decision making activities supported by the QF team include Market Execution for discretionary portfolio and global funding, Interest Rate Risk Management, Balance Sheet Management, Liquidity Management, and associated CCAR processes.
This role will provide an opportunity to learn the QF analytical platform as well as advanced model development techniques. The candidate will join the Quantitative Finance team and will lead junior quantitative analysts on model development, testing, and documentation.
Required Skills and Experience:
Strong academic background in econometrics or statistics (M.S. or PhD in a STEM/ Economics field)
Strong skills/intuition in Economics and Finance
Strong attention to detail
Excellent communication skills
Ability to work well in a cooperative, time-sensitive, market-driven environment
Ability to manage multiple priorities with minimal supervision
Ability to work individually and with the group on complex problem solving; analytical skills, critical thinking with a strong desire to learn
Expertise in Statistical Programming Software R, SAS
Desired Skills and Experience:
5 years minimum experience
Experience with financial markets, and banking
Places value on process automation with an eye for reproducibility of results
Experience working with Unix/Linux environment
Experience in one or more of the following languages: Python, SQL, Spark
This role may be filled as a Corporate Investment Senior Quantitative Finance Analyst or a Corporate Investment Quantitative Finance Analyst based on skills and experience
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.