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Quantitative Finance Analyst - New York, NY

Bank of America


Location:
New York, NY
Date:
05/23/2017
Job Code:
bankofamerica-16032223NewYorkNY
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Job Details

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Company Bank of America

Job Title Quantitative Finance Analyst - New York, NY

Jobid bankofamerica-16032223NewYorkNY

Location: New York, NY, 10176, USA

Description **Job Description:**



General Job Description:



Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products.



Overview



Bank of America is one of the world's largest 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. Bank of America Merrill Lynch is the marketing name for the companys global banking and global markets businesses.



The company is a long-established participant in the European marketplace, with a presence since 1922. With offices throughout Europe and CEEMEA, the company offers an integrated and comprehensive set of products and services across all businesses, serving the needs of individual, corporate, institutional and government clients, by combining the best of local knowledge and international expertise. Bank of America Merrill Lynch has a strategic and measured approach to its international development and is strengthening its business and infrastructure to create sustainable, long-term growth.



Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (""Investment Banking Affiliates""), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and a member of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.



Bank of America Merrill Lynch offers a number of outstanding career opportunities designed to attract and retain all skill levels a chance for both personal and professional development as well as a salary and benefit package designed to reflect the individuals contribution.



Specific Job Description



Bank of America Merrill Lynch is seeking to employ a Model Risk Manager to work on the validation, risk management and control of models used and developed by the Global Rates line of business. The successful candidate will be responsible for the validation of the relevant models, and work closely with the front office model developers and other support partners, in particular market risk, PVG and middle office.



Responsibilities include:



+ Reviewing and testing models primarily used by the Global Rates line of business. This includes interest rate and inflation models for both vanilla and exotic products.

+ Liaising with the Rates class head to discuss the results of reviews, implementations and ongoing monitoring of models.

+ Independent re-implementation of front office models for benchmarking and validation.

+ Documentation of validation activities.

+ Liaising with front office model developers and other control functions to ensure proper governance of the model inventory.



Required Skills



+ PhD or Master in Computational Finance, Mathematics, Statistics, Physics or related degree along with a quantitative related thesis.

+ Strong finance or risk background with excellent quantitative skills and expert knowledge of stochastic calculus.

+ Excellent communication skills (written and verbal) and interpersonal skills.

+ Extremely well organized and detail-oriented.



Desired Skills



+ Experience of developing and testing models in Python.

+ Familiarity with the LaTeX document preparation system.

+ Quantitative modeling experience in rates or related area in a major trading or investment firm



**Posting Date** : 12/21/2016



**Location** : US-NY-New York



**Travel** : Yes, 5% of the time



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.



Success begins with building relationships.

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.

Welcome to Careers at Bank of America.


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