Vice President; Senior Quantitative Finance Analyst
Company: Disability Solutions
Location: Jersey City
Posted on: October 10, 2024
Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day. One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being. Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization. Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Responsibilities:
- Validate XVA and Counterparty Credit Risk system models and
feeder models of counterparty systems developed by Quantitative
Strategy Group and Global Risk Analytics, including all asset
classes: interest rates, foreign exchange, inflation, equity,
commodity, credit, mortgage, as well as collateral exposure
modelling.
- Review the underlying assumptions, theory, derivation,
empirical evidence, implementation and limitations of the model
being validated.
- Prepare validation reports and technical documents for the
model being validated.
- Work closely with the model stakeholders (business, market
risk, finance/PVG and other control functions) with respect to
compensating controls of the models and communication of validation
outcomes.
- Maintain a sub-portfolio of model inventory and perform annual
model reviews, on-going monitoring reviews, and required actions
items closure.
- Analyze and evaluate large and complex economic and financial
datasets with analytical tools Python, SQL and R.
- Use big data technologies SQL to manage large volumes of data
produced by complex financial forecasting models.
- Develop and evaluate quantitative modeling and analytics
projects in risk analytics and loss forecasting leveraging tools R,
and Python; and C++.
- Validate the suitability of modeling techniques based on the
theory and application of Partial Differential Equations for
counterparty purposes.
- Remote work may be permitted within a commutable distance from
the worksite.Required Skills & Experience:
- Master's degree or equivalent in Finance, Statistics,
Mathematics, or related; and
- 3 years of experience in the job offered or a related
quantitative occupation.
- Must include 3 years of experience in each of the
following:
- Analyzing and evaluating large and complex economic and
financial datasets with analytical tools Python, SQL and R;
- Using big data technologies SQL to manage large volumes of data
produced by complex financial forecasting models;
- Developing and evaluating quantitative modeling and analytics
projects in risk analytics and loss forecasting leveraging tools R,
Python and C++; and,
- Validating the suitability of modeling techniques based on the
theory and application of Partial Differential Equations for
counterparty purposes.If interested apply online at
www.bankofamerica.com/careers or email your resume to
bofajobs@bofa.com and reference the job title of the role and
requisition number.Employer: Bank of America N.AShift:1st shift
(United States of America)Hours Per Week: 40Pay Transparency
detailsUS - NJ - Jersey City - 525 Washington Blvd (NJ2525)Pay and
benefits informationPay range$160,000.00 - $210,000.00 annualized
salary, offers to be determined based on experience, education and
skill set.Discretionary incentive eligibleThis role is eligible to
participate in the annual discretionary plan. Employees are
eligible for an annual discretionary award based on their overall
individual performance results and behaviors, the performance and
contributions of their line of business and/or group; and the
overall success of the Company.BenefitsThis role is currently
benefits eligible. We provide industry-leading benefits, access to
paid time off, resources and support to our employees so they can
make a genuine impact and contribute to the sustainable growth of
our business and the communities we serve.
Keywords: Disability Solutions, West Hartford , Vice President; Senior Quantitative Finance Analyst, Professions , Jersey City, Connecticut
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