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Quantitative Finance Analyst

Jersey City, New Jersey;

Job Description:

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.


Essential:
• Facility with mathematics (linear algebra, probability and statistics, differential equations) and computer programming
• Good oral and written communication skills
Highly desirable:
• Ability at the level of a graduate degree in mathematics, a quantitative science, engineering, or quantitative finance
• Familiarity with Python, R, and SQL
Desirable:
• Research experience in credit risk
• Training in data science/machine learning
• Familiarity with LaTeX

Required Skills:
• Highly numerical degree (PhD level preferred, Masters required) in Statistics, Financial Mathematics, Mathematics, Physics or Engineering
• 3+ years of work experience
• Meaningful work experience focused on maintaining & developing quantitative models and handling large data sets
• Strong technical writing and clear verbal communication skills are must have.
• Experience of working under pressure and delivering to tight deadlines
• Technical skills: Statistics, Probability Theory, Econometrics, Financial Mathematics
• Strong programming skills; SQL, Python, VBA, LaTex
• Proven leadership abilities, working across organizational lines
• Knowledge of Probabilities / Statistics
• Ability to multitask and properly prioritize multiple projects.
Desired Skills:
• Prior experience with credit risk analytics.
• Relevant work experience consumer mortgage credit or other financial products.
• Prior Credit Risk Management, Modeling and/or Finance experience.
• Knowledge of regulatory guidelines and stress testing including CCAR, DFAST, and regulatory Capital in Banking industry.

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

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.


Essential:
• Facility with mathematics (linear algebra, probability and statistics, differential equations) and computer programming
• Good oral and written communication skills
Highly desirable:
• Ability at the level of a graduate degree in mathematics, a quantitative science, engineering, or quantitative finance
• Familiarity with Python, R, and SQL
Desirable:
• Research experience in credit risk
• Training in data science/machine learning
• Familiarity with LaTeX

Required Skills:
• Highly numerical degree (PhD level preferred, Masters required) in Statistics, Financial Mathematics, Mathematics, Physics or Engineering
• 3+ years of work experience
• Meaningful work experience focused on maintaining & developing quantitative models and handling large data sets
• Strong technical writing and clear verbal communication skills are must have.
• Experience of working under pressure and delivering to tight deadlines
• Technical skills: Statistics, Probability Theory, Econometrics, Financial Mathematics
• Strong programming skills; SQL, Python, VBA, LaTex
• Proven leadership abilities, working across organizational lines
• Knowledge of Probabilities / Statistics
• Ability to multitask and properly prioritize multiple projects.
Desired Skills:
• Prior experience with credit risk analytics.
• Relevant work experience consumer mortgage credit or other financial products.
• Prior Credit Risk Management, Modeling and/or Finance experience.
• Knowledge of regulatory guidelines and stress testing including CCAR, DFAST, and regulatory Capital in Banking industry.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21070818

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jillian Teeter

Referral Bonus:

0