Jobs · Finance · New Jersey

Quantitative Finance Analyst

Bank of America · Jersey City, NJ · 1 mo ago
FinanceFull-time
We need to output HTML fragment with sections: About the role? The description includes a lot of intro about Bank of America. We need to use

for section headings like About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. Only include sections when posting has real specific content. We have: - About the role: The initial paragraph describing purpose, culture, etc. Could be considered "About the role". It's substantive. - Responsibilities: There's a list of responsibilities after "Key responsibilities include ..." and later bullet list. We'll need to extract responsibilities. - Requirements/Qualifications: There's "Required Qualifications:" with Master's degree etc. Also "Minimum Education Requirement: Master’s degree". Also "Shift: 1st shift (United States of America)" and "Hours Per Week: 40". Those could go under Schedule? Actually schedule: shift and hours per week. So we can have Schedule section. - Skills: There's a "Skills:" list. - Benefits: Not mentioned explicitly. There's mention of benefits earlier in intro: "affordable, competitive and flexible benefits". That's generic but maybe we can include Benefits section? The instruction: never create Benefits section unless posting actually states them. It does mention benefits generically. Might be considered stating them. However it's vague. Might be okay to include Benefits with that sentence? But we should avoid filler like "competitive benefits". It's still substantive? It says "affordable, competitive and flexible benefits". That's specific enough? Might be okay. But we need to ensure we don't create sections with placeholder like "not specified". This is specific enough. - Pay: Not mentioned. So omit Pay. - Requirements vs Qualifications: Might combine. We can have Requirements section for required qualifications, and maybe Qualifications for preferred? Not present. We'll just have Requirements. We need to preserve all substantive information, not invent or summarize away detail. So we need to keep details like specific responsibilities list. Let's parse responsibilities: From text: "Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed." Then later: "Job expectations include having a broad knowledge of financial markets and products." Then a block: "Responsibilities: Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches" Then later: "As a Quantitative Finance Analyst on the team, your main responsibilities will involve: Development of wholesale credit risk models including loss forecasting, commercial scorecards, behavioral score, regulatory capital models. Executing in-depth analysis of wholesale credit performance and financial data. Preparing white papers for developed models. Interacting with internal model risk management, addressing potential concerns, and remediating model related findings. Supporting post implementation activities including ongoing monitoring review and interaction with various stakeholders. May be responsible for independently conducting quantitative analytics and complex modeling projects. Support efforts in development of new models, analytic processes, or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed." We need to combine all responsibilities into a list (
  • ). Avoid duplication. We'll compile unique items. Let's list them: - Developing new models, analytic processes, or systems approaches - Creating technical documentation for related activities - Working with Technology staff in the design of systems to run models developed - Having a broad knowledge of financial markets and products (job expectation) - Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers - Supports the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization - Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation - Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite - Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk - Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes - Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches - Development of wholesale credit risk models including loss forecasting, commercial scorecards, behavioral score, regulatory capital models - Executing in-depth analysis of wholesale credit performance and financial data - Preparing white papers for developed models - Interacting with internal model risk management, addressing potential concerns, and remediating model related findings - Supporting post implementation activities including ongoing monitoring review and interaction with various stakeholders - May be responsible for independently conducting quantitative analytics and complex modeling projects - Support efforts in development of new models, analytic processes, or system approaches (some duplicate of first) - Creates documentation for all activities and may work with technology staff in design of any system to run models developed (similar to creating technical documentation) We can deduplicate: "Developing new models, analytic processes, or systems approaches" appears twice; keep one. "Creating technical documentation" and "Creates documentation for all activities" similar; we can keep one generic: "Creating technical documentation for all activities and may work with technology staff in design of systems to run models developed". We'll combine. Now qualifications: "Required Qualifications: Master's degree or higher in Computer Science, Data Science, Statistics, Mathematics, Finance, or a related quantitative discipline. Experience & Skills Strong STEM background - Knowledge of Machine Learning, NLP, Deep Learning, Statistical Modeling, Quantitative Analysis, Forecasting, Data Visualization Proficiency in languages such as Python (scikit learn, pandas, numpy etc.), SQL, SAS, R & MATLAB, C/C++ Prior experience with SQL. And NoSQL databases, distributed computing Knowledge of data visualization tools like Tableau, Power BI Minimum of 2 years of relevant experience Applied statistics skills, such as distributions, statistical testing, regression, etc. Strong business analysis and documentation skills, including requirements, process flows, and data lineage Ability to manage multiple and competing priorities Excellent written and verbal communication skills" Also "Minimum Education Requirement: Master’s degree in related field or equivalent work experience" (duplicate). We'll keep one. Skills list: "Skills: Critical Thinking Quantitative Development Risk Analytics Risk Modeling Technical Documentation Adaptability Collaboration Problem Solving Risk Management Test Engineering Data Modeling Data and Trend Analysis Process Performance Measurement Research Written Communications" We can put those in a
      . Schedule: "Shift: 1st shift (United States of America) Hours Per Week: 40". We'll put in Schedule section. Benefits: The intro mentions "affordable, competitive and flexible benefits". We'll include a Benefits section with that sentence. About the role: The initial paragraph about purpose, culture, etc. We'll put that as About the role. Now ensure we don't repeat job title. Not needed. We must output only HTML fragment, no markdown. Structure:

      About the role

      ...

      Responsibilities

      • ...
      • ...

      Requirements

        maybe? But requirements include education and experience. Could be

        for prose? The instruction: Use

        • for any list of duties/requirements/benefits, and

          for prose. So requirements list should be

            . We'll list each requirement as
          • . Similarly Skills as
              . Benefits as

              maybe? It's a sentence; could be

              . But instruction: Use

              • for any list of duties/requirements/benefits. Benefits is not a list but a statement; we can use

                . Schedule as

                maybe? It's not a list; we can use

                . Let's craft. About the role paragraph: Combine the intro sentences: "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 impact 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!" That's a lot but we need to preserve all substantive information. It's okay. Now responsibilities list: We'll produce items. Let's draft items: - Developing new models, analytic processes, or systems approaches - Creating technical documentation for all activities and may work with technology staff in the design of systems to run models developed - Having a broad knowledge of financial markets and products - Performing end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzing stress scenario results to better understand key drivers - Supporting the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization - Identifying continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation - Supporting model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite - Supporting methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk - Working closely with model stakeholders and senior management regarding communication of submission and validation outcomes - Performing statistical analysis on large datasets and interpreting results using both qualitative and quantitative approaches - Developing wholesale credit risk models including loss forecasting, commercial scorecards, behavioral score, and regulatory capital models - Executing in-depth analysis of wholesale credit performance and financial data - Preparing white papers for developed models - Interacting with internal model risk management, addressing potential concerns, and remediating model-related findings - Supporting post‑implementation activities including ongoing monitoring review and interaction with various stakeholders - May be responsible for independently conducting quantitative analytics and complex modeling projects We could combine some but fine. Now Requirements list: - Master's degree or higher in Computer Science, Data Science, Statistics, Mathematics, Finance, or a related quantitative discipline (or equivalent work experience) - Strong STEM background with knowledge of Machine Learning, NLP, Deep Learning, Statistical Modeling, Quantitative Analysis, Forecasting, Data Visualization - Proficiency in languages such as Python (scikit‑learn, pandas, NumPy, etc.), SQL, SAS, R & MATLAB, C/C++ - Experience with SQL and NoSQL databases, and distributed computing - Knowledge of data visualization tools like Tableau,

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