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Bank of America Corporation

Quantitative Finance Analyst - Retail Risk

Bank of America Corporation - Charlotte, NC

Company

Bank of America

Job Title

Quantitative Finance Analyst - Retail Risk

Jobid

bankofamerica-18008404CharlotteNC

Location:

Charlotte, NC, 28230, USA

Description

**Job Description:**

Enterprise Model Risk Management seeks a quantitative finance analyst to conduct independent testing and review of complex consumer credit risk models with multiple uses, including CCAR credit loss forecasting and Basel regulatory capital. These are high profile modeling areas in the bank, with continual senior management and regulatory focus.

The qualified candidate will be responsible for a broad range of model validation activities, including:

Review, critical assessment and challenge of models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation and documentation;

Development and implementation of testing plans and testing code in order to challenge models through empirical analyses and to verify model implementation;

Review and critical assessment of ongoing model monitoring activities;

Writing of technical reports for distribution and presentation to model developers, senior management, and audit and banking regulators.

Qualifications

PhD or Master's degree in Statistics, Economics, Mathematics, Finance, Engineering or Physics

Master’s degree with 2 years of relevant experience in financial risk modeling or validation

Experience with cross-sectional and time-series econometrics

Knowledge of model performance measures

Extensive programming experience using SAS, R and/or MATLAB

Experience working with large datasets

Knowledge of financial instruments and financial risk management principles

Ability to communicate clearly and effectively

Ability to produce high quality technical documentation

**Posting Date** : 02/12/2018

**Location** :

Atlanta, GA, Atlanta Plaza, 600 Peachtree St NE,

Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST,

- United States

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

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

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

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**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**

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10 days 15 hours ago

Bank of America Corporation

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Quantitative Finance Analyst - Retail Risk Bank of America Corporation - Charlotte, NC, United States

   

Location: Charlotte, NC

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.