Sr Quantitative Finance Analyst - Quantitative Developer

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.

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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!

Overview of Global Risk Analytics: Bank of America Merrill Lynch has an opportunity for a Sr Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard. GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions, and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all these activities.

Overview of the Team: Global Markets Risk Analytics (GMRA) is part of Global Risk Analytics (GRA). It is responsible for developing, maintaining, and monitoring counterparty credit risk and market risk models. GMRA also develops assessment tools to support regulatory, audit, and internal risk management needs for Global Markets. This role sits within Process Engineering (PE) team, which focuses on execution of strategic projects across GMRA by providing technological tools and solutions for process improvement and modelling efficiency.

Role Description: As a Sr. Quant Finance Analyst - Quantitative developer, your primary focus will be developing, maintaining, and testing quantitative risk models, used by Global Markets. You should expect to contribute to the three main focuses of the team:
• Process Automation: improving efficiency and reducing operational risk.
• Full Revaluation VaR: providing support and in-depth analysis for the Full Revaluation VaR and FRTB IMA programs.

• Strategic Risk Platform: advising and collaborating with teams across the wider organization to centralize and better manage risk models and data

• Minimum Education Requirement: bachelor's degree in related field or equivalent work experience