Bank of America

Quantitative Finance Analyst -Alternative Modeling Group

Bank of America

Charlotte, NC, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Are you a sharp-minded individual with a passion for crunching numbers and analyzing complex financial data? Are you looking for a challenging and dynamic role in the world of finance? Look no further! Bank of America is seeking a highly skilled and motivated Quantitative Finance Analyst to join our Alternative Modeling Group. In this role, you will have the opportunity to work alongside a team of top-notch professionals and contribute to the development and implementation of cutting-edge quantitative models for investment strategies. If you possess strong analytical skills, a deep understanding of financial markets, and a drive to thrive in a fast-paced environment, we want to hear from you!

  1. Conduct quantitative analysis and research to support the development and implementation of alternative investment strategies.
  2. Utilize advanced statistical and mathematical techniques to analyze complex financial data.
  3. Collaborate with a team of professionals to develop and improve quantitative models.
  4. Stay up-to-date with industry trends and developments to continuously enhance the company's quantitative capabilities.
  5. Communicate complex financial concepts and analyses to non-technical stakeholders.
  6. Identify and evaluate potential risks associated with investment strategies.
  7. Conduct thorough testing and validation of models to ensure accuracy and effectiveness.
  8. Provide insights and recommendations based on quantitative analysis to support decision making.
  9. Develop and maintain documentation of models and methodologies.
  10. Adhere to regulatory requirements and industry best practices in all quantitative processes.
Where is this job?
This job is located at Charlotte, NC, USA
Job Qualifications
  • Strong Mathematical And Statistical Skills: A Quantitative Finance Analyst Should Have A Strong Background In Mathematics And Statistics, With A Deep Understanding Of Financial Modeling And Data Analysis Techniques.

  • Proficiency In Programming Languages: The Ability To Code In Languages Such As Python, R, And Sql Is Essential For A Quantitative Finance Analyst, As These Tools Are Commonly Used For Data Analysis And Modeling In The Finance Industry.

  • Knowledge Of Financial Markets And Products: A Solid Understanding Of Financial Markets And Products Is Crucial For A Quantitative Finance Analyst, As They Will Be Responsible For Developing Models And Strategies That Will Impact The Bank's Investment Decisions.

  • Experience With Alternative Modeling Techniques: In Addition To Traditional Financial Modeling Methods, A Strong Candidate For This Role Should Also Have Experience With Alternative Modeling Techniques Such As Machine Learning, Monte Carlo Simulations, And Other Advanced Statistical Methods.

  • Strong Communication And Teamwork Skills: Quantitative Finance Analysts Often Work In Cross-Functional Teams, So They Should Have Excellent Communication Skills And The Ability To Collaborate Effectively With Colleagues From Different Backgrounds And Departments. They Should Also Be Able To Effectively Communicate Complex Financial Concepts And Analysis To Non-Technical Stakeholders.

Required Skills
  • Risk Management

  • Financial Analysis

  • Quantitative Research

  • Data Analysis

  • Market Research

  • Statistical modeling

  • Portfolio Management

  • Econometrics

  • Algorithmic trading

  • Investment Strategies

  • Derivatives Pricing

Soft Skills
  • Communication

  • Conflict Resolution

  • Customer Service

  • Leadership

  • Time management

  • Critical thinking

  • Attention to detail

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Quantitative Finance Analyst -Alternative Modeling Group in Charlotte, NC, USA is $80,000 - $120,000 per year. This may vary depending on the specific company, experience level, and qualifications of the individual.

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 PostedAugust 12th, 2024
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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