Quantitative Finance Analyst, Model Developer

Are you a highly analytical individual with a passion for finance and data? Do you thrive in a fast-paced and dynamic environment? If so, we have an exciting opportunity for you as a Quantitative Finance Analyst, Model Developer at Bank of America. In this role, you will be responsible for developing and implementing quantitative models to drive business decisions and mitigate risk. We are looking for a talented individual with a strong background in mathematics, statistics, and programming, along with a deep understanding of financial markets. If you are a self-motivated problem-solver with excellent communication skills, we encourage you to apply for this position and join our team of financial experts at Bank of America.

1. Develop and implement quantitative models to support business decisions and risk management strategies.
2. Utilize mathematical and statistical techniques to analyze financial data and identify trends and patterns.
3. Collaborate with cross-functional teams to understand business needs and design effective solutions.
4. Monitor and evaluate the performance of existing models and make recommendations for improvements.
5. Stay updated on industry developments and regulations related to financial models and incorporate them into model development.
6. Communicate complex quantitative concepts and results to non-technical stakeholders in a clear and concise manner.
7. Conduct thorough testing and validation of models to ensure accuracy and reliability.
8. Work with large datasets and utilize programming languages and tools such as Python, R, and SQL.
9. Identify potential risks and evaluate the impact of model changes on business outcomes.
10. Collaborate with internal and external stakeholders to ensure compliance with regulatory requirements.
11. Proactively identify opportunities for process improvements and implement solutions.
12. Provide support and guidance to junior team members and assist in their professional development.
13. Maintain documentation and records of model development and validation processes.
14. Adhere to strict deadlines and deliver high-quality work in a fast-paced environment.
15. Continuously enhance knowledge and skills in finance, data analysis, and programming to stay updated with industry trends and best practices.

According to JobzMall, the average salary range for a Quantitative Finance Analyst, Model Developer in Charlotte, NC, USA is between $90,000 and $130,000 per year. This may vary depending on the specific company, level of experience, and education of the individual.

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.