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.
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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
- Assess conceptual foundations of a model, model specification, underlying assumptions, limitations, variable selection, underlying data, developmental evidence, documentation.
- Assess quality of model outputs through back testing against realized outcomes, benchmarking against alternative models and other relevant tests.
- Develop code to replicate results and conduct independent testing to verify accuracy of model implementation.
- Develop emerging risk assessments, analyzing credit risk scenarios, as well as modeling some of our key risk factors.
- Conduct research and analysis to provide a micro view of risk management in a particular business line and a macro view of risk management for the bank as a whole.
- Assess market trends and provide quantitative data for internal partners.
- Utilize advanced quantitative techniques and tools to perform statistical analysis, predictive modeling, generalized linear model and model performance evaluation.
- Analyze and evaluate large and complex economic and financial datasets with analytical tools of Python, SAS, SQL and R.
- Apply quantitative techniques, logistic regressions and error attribution analysis to practical business problems for large financial institutions.
- Utilize LaTeX to create full-length report of publication quality with minimum supervision.
- Use data visualization tools of PROC SGPLOT and SGPANEL to process and visualize large datasets in order to support model validation.
- Remote work may be permitted within a commutable distance from the worksite.
Required Skills & Experience
- Master's degree or equivalent in Finance, Mathematics, Economics, Statistics or related: and
- 2 years of experience in the job offered or a related Quantitative occupation.
- Must include 2 years of experience in each of the following:
- Utilizing advanced quantitative techniques and tools to perform statistical analysis, predictive modeling, generalized linear model and model performance evaluation;
- Analyzing and evaluating large and complex economic and financial datasets with analytical tools of Python, SAS, SQL and R;
- Applying quantitative techniques, logistic regressions and error attribution analysis to practical business problems for large financial institutions;
- Utilizing LaTeX to create full-length report of publication quality with minimum supervision; and,
- Using data visualization tools of PROC SGPLOT and SGPANEL to process and visualize large datasets in order to support model validation.
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.A.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$135,000.00 - $150,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This 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.
Benefits
This 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.