GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), the Current Expected Credit Losses (CECL) accounting standard, and the Fundamental Review of the Trading Book (FRTB). 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.
The Bank of America’s Alternative Modeling Group is seeking a junior quantitative analyst. The group’s work centers on asset quality and credit loss forecasting, in both consumer and commercial products. The position will involve model building and data curation. Although work in the group is typically collaborative, researchers are often given control over substantial projects: all researchers are expected to be intellectually independent self-starters. The team places strong emphasis on delivering world class quantitative solutions for model owners and stakeholders through a disciplined and iterative development approach. This is an excellent opportunity to work in a fast growing, international team.
Responsible for independently conducting quantitative analytics and modelling projects and developing new models, analytic processes and systems approaches. This person will create documentation for all activities and works with Technology staff to design any system to run the models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products. As a Quantitative Finance Analyst your main responsibilities will involve:
Shift:1st shift (United States of America)
Hours Per Week:40
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