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Bank of America Corporation

Quantitative Finance Analyst - Global Market Risk

Bank of America Corporation - New York City, NY

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Applicants must be eligible to work in the specified location

Job Description: Market Data and Analytics Group oversees all aspects of daily support activities that are required to provide reliable and stable production bank-wide VaR calculation, including historical time series window updates and any production deployments. This role is a vital member of the Market Data team to support modeled capital initiatives for the Firm, and ensure Market Data is complete and timely. This position will working closely with the Market Risk Methodology, Line of Business Risk Managers and Technology teams, the candidate will provide support for the implementation, testing and rollout of VaR/S-VaR market risk models. Requirements: Good working knowledge of market data infrastructure, data flows and market risk models, the candidate will be expected to play a significant role in the business design and risk system requirements, ensuring the completeness and accuracy of all market risk models. A good understanding of the key risk drivers at product, business and firm-wide levels is required. The ability to communicate to Line of Business Risk Managers potential risks is required. The candidate will liaise with Line of Business Risk Managers to provide quantitative risk implications of regulatory changes, new product development etc. and enhance market risk models to reflect changes in the business environment. The role requires a flexible approach that can deal with problems that require pragmatic solutions and innovative thinking. Proactively monitor and remediate any market data issues that is used in production risk measurement and reporting. Ensure the completeness, validity, and accuracy of market data on a daily basis. Work with business data users to define the use of data within various risk systems. Work closely with technology to ensure the timely and accurate data processing on weekly schedule. Implement effective market data controls of our data processes and systems. Participate in user acceptance testing of data control processes. Work with other groups as needed, including Reporting, Back Testing, Enterprise Stress Testing and various Technology groups to ensure effective controls over market data for GBAM. Qualifications: Masters degree with an emphasis in finance or quantitative disciplines (progress toward CFA or FRM professional designation is a plus) strongly desired but will consider proven relevant experience 2 years of industry experience is a must! A broad knowledge across financial products and asset classes and a understanding of Value at Risk (VaR) and its use in the risk management area Understanding of capital regulations and how these apply to Market Risk Advanced desktop technology skills such as Excel and PowerPoint is a must (Bloomberg and Access skills are a plus but not required) Shift: 1st shift (United States of America) Hours Per Week: 40 Quantitative Finance Analyst - Global Market Risk

Associated topics: business, business analytic, financial analyst, financial analytic, inspect, investment fund, law, market, refinement, strategy

Location

New York, New York, United States of America

Industry

Finance

Employment Agency

Bank of America

Contact

Bank of America

Reference

JS5359778670/415285880

Posted Date

5/14/2018 5:46:59 AM

Permalink

http://www.careerboard.com/F5iuH

8 days 1 hour ago

Bank of America Corporation

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Quantitative Finance Analyst - Global Market Risk Bank of America Corporation - New York City, NY, United States

   

Location: New York City, NY

Company Profile:
Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The company’s Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The company’s Global Wealth & Investment Management segment provides investment and brokerage, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services; and retirement and benefit plan, philanthropic management, and asset management services. Its Global Banking segment provides various commercial loans, leases, commitment facilities, trade finance, real estate and asset-based loans, and consumer loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company’s Global Markets segment offers sales and trading services for securities and derivative products in primary and secondary markets; market-making, financing, securities clearing, settlement, and custody services to institutional investor clients; and risk management products. The company was founded in 1874 and is based in Charlotte, North Carolina.