Bank of America

Quantitative Finance Analyst

Bank of America

525 Washington Blvd, Jersey City, NJ 07310, USA
Full-TimeDepends on ExperienceMid-LevelBachelors
Job Description

Drive the development of next generation Wholesale loss forecasting models, thinking outside of the box of current industry standards. Pro-actively work with stakeholders across the company to collect requirements and make sure most important aspects are covered in modelling. Ensure that next generation models are ready for enhanced climate risk requirements. Provide leadership in the development of new models, analytic processes or systems approaches. Promote the adoption of GRA best practices for model development, implementation and monitoring. Pro-actively work stakeholders across the firm to identify opportunities to improve existing models/processes. Produce clear and coherent technical documentation for internal and regulatory purposes.

Where is this job?
This job is located at 525 Washington Blvd, Jersey City, NJ 07310, USA
Job Qualifications
  • 5+ years of work experience in developing, documenting & maintaining credit risk models

  • Experience of working under pressure and delivering to tight deadlines

  • Proven project leadership abilities, working across organizational lines

  • Knowledge of regulatory guidelines and stress testing including CCAR, DFAST etc.

Required Skills
  • Technical writing skills

  • Time Management Skills

  • Strong programming skills

  • Project Management/Scheduling

  • Credit forecasting modeling

Soft Skills
  • Verbal communication

  • Driven and self-motivated

  • written communication

  • Adaptability

  • Problem-Solving

  • Detail Oriented and Organized

  • Multi tasker

Compensation

According to JobzMall, the average salary range for a Quantitative Finance Analyst in 525 Washington Blvd, Jersey City, NJ 07310, USA is $87,000 to $128,000 per year. This range can depend on a number of factors, including the size of the company, the type of work an analyst is doing, the experience of the analyst, and the location of the position.

Additional Information
Bank of America is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedOctober 14th, 2021
Apply BeforeJune 9th, 2026
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About Bank of America

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.

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