Assistant Vice President; Quantitative Finance Analyst

Job Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impacting the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

Responsibilities

• Apply quantitative models and techniques in order to address and resolve concrete financial problems.
• Work closely with lines of business to understand models/applications/processes requirements.
• Develop and maintain models and processes specific to banking and Treasury: balance sheet management, liquidity, capital risk, etc.
• Utilize advanced quantitative techniques, such as statistical analysis, predictive modeling, linear regressions, mathematical optimization.
• Develop and maintain statistical frameworks and attribution techniques to explain changes in bank deposits EVE and Net Interest Income forecasts.
• Maintain interest rate risk models and analytics for the management of marked-to-market portfolios.

Required Skills & Experience

• Master's degree or equivalent in Quantitative and Computational Finance, Mathematical Finance, Mathematics, Statistics, Operations Research, or related field.
• 2 years of experience in the job offered or a related Quantitative occupation.
• Experience in each of the following:
• Conducting model research and development with a focus on quantitative finance, financial engineering, and mathematical optimization;
• Performing data analytics and developing reporting tools using R (Rmarkdown, dplyr, shiny, plotly) and python (pandas, numpy, etc.);
• Designing and enhancing end-to-end software applications using python, R, and SQL;
• Writing modular, production-quality, and unit-tested code, in a collaborative and controlled environment using Jira, Microsoft Azure, or GitHub;
• Using Linux OS, including operating effectively on the command line interface (bash).

Pay

Commensurate with experience.

Schedule

1st shift (United States of America)

Benefits

Varies