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Sr Quantitative Middle Office Specialist (Collateral Optimization)

Chicago, Illinois;

Job Description:

Enterprise:

Leads multiple projects that are significant in scope and impact. Serve as a SME and use that expertise to influence the optimal design and delivery of projects. Expected to lead by influence and drive strategic adoption. Demonstrated progressive growth in skill and responsibilities in various roles. Has extensive professional and functional knowledge developed through financial industry experience. Key responsibilities include: Provide subject matter expertise in process design, tool development or methodology validation ; Design and roll out analytical and technical tools for validations of new models/methodology; Provides guidance and mentoring to junior analysts as needed; Be a solution provider who can leverage the knowledge and experience to deliver a high quality end product; and Understands financial products across all asset classes and has extensive knowledge of technical implementations. Posses advanced degree in physic, applied mathematics, statistics/probability or another heavy quantitative discipline.

LOB Description:

The main function of the Collateral Optimization group within Global Quantitative Service team is to support bank’s long term management of Collateral Management and Liquidity.

This role will lead multiple projects that are significant in scope and impact and will serve as a subject matter expert and use that expertise to influence the optimal design and delivery of projects. The ideal candidate is expected to lead by influence and drive strategic adoption and have extensive professional and functional knowledge developed through financial industry experience. We are looking for a solution provider with extensive knowledge of technical implementations who can leverage their knowledge and experience to deliver a high quality end product and understands financial products across all asset classes.

Responsibilities:

•Develop Java/Python applications for data transformation, processing, storage, and delivery

•Provide support for infrastructure design and development for effective collateral management, including strategy on data sourcing, data transformation and visualization

•Handle ad-hoc requests from Collateral Management FO on data query, PNL & Risk reporting

•Engage in the development, maintenance and enhancement of the Collateral Optimization Data (CODA)

•Provide overall support for the build out of Margin Management Dashboard for daily monitoring to assess bank’s overall margin and liquidity

•Support derivative forecast for predicting bank’s upcoming margin call. The Collateral Unit interacts with a variety of different groups within the bank: Front Office from Corporate Treasury, CPM, GBA; Finance/Operations for OTC, CCP, Repo, LFO; QSG/Quants; Technology partners from Corporate Treasury, CPM; Collateral Ops

•Provide subject matter expertise in process design, tool development or methodology validation;

•Design and roll out analytical and technical tools for validations of new models/methodology;

•Provide guidance and mentoring to junior analysts when needed

Qualifications:

•Masters degree in financial mathematics, engineering, applied mathematics, statistics, finance or economics

•5 years of industry experience

•Attention to detail, collaboration with teammates

•The ability to respond quickly to different business requests and self-learning capability is key to the success of this position

•Knowledge or experience with fixed income and credit derivatives products

•Strong technical skills including Python, SQL, or other programming languages

•Knowledge of fixed income securities including repo and collateral management is a plus

•Understanding of relational databases and/or process flows

•Strong communication skills

Other qualifications:

•Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

•Excels in working among diverse viewpoints to determine the best path forward

•Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

•Commitment to challenging the status quo and promoting positive change

•Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

•Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-20053513

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Referral Bonus: