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Senior Quantitative Finance Analyst

Bank of America


Location:
Charlotte, NC
Date:
05/23/2017
Job Code:
bankofamerica-16057507CharlotteNC
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Job Details

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Company Bank of America

Job Title Senior Quantitative Finance Analyst

Jobid bankofamerica-16057507CharlotteNC

Location: Charlotte, NC, 28230, USA

Description **Job Description:**



Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.



We are looking for a subject matter expert in commercial credit risk modeling space who will be responsible for validating stress testing models. The candidate must have a strong background in commercial credit risk assessment with 5+ years experience in either developing or validating models used for credit ratings, commercial loss forecasting or capital calculations. This position is for a senior validator who will be expected to independently lead validations involving review of underlying assumptions, choice of risk drivers, statistical and mathematical methods, empirical evidence, data quality, and software implementation. The senior validator will interact with model developers, model users, and model owners regularly. She/he must have strong verbal and written communication skills, and a demonstrated ability in technical writing.

The ideal candidate will have several years of experience working as a quant at either a large financial institution or major rating agency. In addition, it is desirable for her/him to have strong academic qualifications with publications in respected journals.

**Required skills:**



+ PhD in finance, economics, mathematics, or statistics (or other related quantitative discipline)

+ 5+ years of relevant work experience.

+ Expertise in developing or validating commercial credit risk models at large financial institutions.

+ In-depth understanding of statistical inference and related techniques.

+ Deep knowledge in a statistical or analytical modeling language such as SAS, Matlab or R.

+ Experience working with large and complex data sets using Excel or SQL.

+ Strong written and verbal communication skills.

+ Deep understanding and knowledge of model performance measures.



**Desired skills:**



+ Commercial Credit Risk loss forecasting or Capital calculations

+ Ability to work independently

+ Extensive knowledge of banking regulations on credit risk, model risk and credit risk modeling methodologies.

+ Strong academic qualifications with publications in respected journals.



**Posting Date** : 01/12/2017



**Location** : US-NC-Charlotte



**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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