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Quantitative Financial Analyst

Charlotte, North Carolina

Job Description:

GRA Consumer Production Operations has an opportunity for a Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. 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 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 of these activities.

Primary Responsibilities:

Executing Consumer models developed for loss forecasting, including credit card and auto models
Developing reporting solutions and analytics for key forecasting components (e.g., back-testing, sensitivity analysis)
Establishing procedures, process maps and controls for the end-to-end forecast production process
Defining requirements for the Technology platform, performing user acceptance testing prior to models/processes being deployed into production
Monitoring compute and storage usage of model runs, optimizing execution, as needed
Regularly collaborating with key stakeholders involved in the forecast production process, including Model Developers, Model Risk Management,  Forecast Administrators, Technology, Lines of Business
Constantly improving production processes toward operational excellence

 

Required Skills:

Master’s degree in a quantitative or financial field such as Finance, Economics, Mathematics, Engineering
Strong programming skills in SQL, Python
Experience with Data Analytics tools (e.g., Alteryx, Tableau)
Advanced proficiency with Microsoft suite
Strong analytical and problem-solving skills
Strong communication and presentation skills
Desired Skills:
2+ years of quantitative finance or risk management experience
Broad understanding of financial products, markets and risks
Effective at prioritization/time and project management
Experience with project management (PM) best practice, familiar with PM tools such as JIRA
Hands-on and detail oriented, exhibits a “can-do” attitude
Experience with CCAR, CECL

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-19079309

Manages People: No

Travel: Yes, 10% of the time

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
100 N TRYON ST, NC, Charlotte, 28255