Sr Quantitative Risk Analyst

Sr Quantitative Risk Analyst

Charlotte, North Carolina;Chicago, Illinois; Atlanta, Georgia

Job Description:

Overview of Global Risk Analytics

Bank of America Merrill Lynch has an opportunity for a Senior Quantitative Finance Analyst (B4) within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America. 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), and the Current Expected Credit Losses (CECL) accounting standard. 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.

Overview of the Role

The Senior Quantitative Financial Analyst interacts with a wide variety of stakeholders including risk managers, model developers, operations, technology, finance, and capital. The Analyst will identify, lead, and organize strategic change efforts across the team including new model deployment and analytical capability development.

As a Senior Quantitative Finance Analyst within Global Risk Analytics, your main responsibilities will involve:

Applying quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements

Maintaining and continuously enhancing capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks

Understanding and executing activities that form the end-to-end model development and use life cycle

Identifying requirements from the teams which improve the groups ability to generate insights and understanding of portfolio risk, model accuracy, and forecast reasonability

Articulating the overall holistic picture of model performance, with clear conclusions regarding accuracy and remediation areas as required

Clearly documenting and effectively communicating quantitative methods as part of ongoing engagement with key stakeholders, including the lines of business, risk managers, model validation, technology

Position Overview

Responsible for independently conducting quantitative analytics and complex modeling projects. Leads 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. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.

Required Education, Skills, and Experience

Graduate degree in quantitative discipline (e.g. Mathematics, Economics, Engineering, Finance,

Physics)

5+ years of experience in model development, statistical work, data analytics or quantitative research, or PhD

Ability to work in a large, complex organization, and influence various stakeholders and partners

Strong communication skills and ability to effectively communicate quantitative topics to technical and non-technical audiences

Effectively presents findings, data, and conclusions to influence senior leaders

Demonstrated leadership skills; Ability to exert broad influence among peers

Sees the broader picture and is able to identify new methods for doing things

Strong Programming skills e.g. R, Python, SAS, SQL or other languages

Strong analytical and problem-solving skills

Experience using and developing cross-sectional models

Experience implementing models into various production environments

Desired Skills and Experience

Experience with complex data architecture, including modeling and data science tools and libraries, data warehouses, and machine learning

Ability to extract, analyze, and merge data from disparate systems, and perform deep analysis

Experience using data mining and other advanced analytical techniques to aggregate data for model development and/or to produce management reporting

Experience designing, developing, and applying scalable Machine Learning and Artificial Intelligence solutions

Experience with data analytics tools (e.g., Alteryx, Tableau)

Experience building data architecture that is optimized for large dataset retrieval, analysis, storage, cleansing, and transformation

Demonstrated ability to drive action and sustain momentum to achieve results

Experience with engineering complex, multifaceted processes that span across teams; Able to document process steps, inputs, outputs, requirements, identify gaps and improve workflow

Experience with LaTeX

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Overview of Global Risk Analytics

Bank of America Merrill Lynch has an opportunity for a Senior Quantitative Finance Analyst (B4) within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America. 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), and the Current Expected Credit Losses (CECL) accounting standard. 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.

Overview of the Role

The Senior Quantitative Financial Analyst interacts with a wide variety of stakeholders including risk managers, model developers, operations, technology, finance, and capital. The Analyst will identify, lead, and organize strategic change efforts across the team including new model deployment and analytical capability development.

As a Senior Quantitative Finance Analyst within Global Risk Analytics, your main responsibilities will involve:

Applying quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements

Maintaining and continuously enhancing capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks

Understanding and executing activities that form the end-to-end model development and use life cycle

Identifying requirements from the teams which improve the groups ability to generate insights and understanding of portfolio risk, model accuracy, and forecast reasonability

Articulating the overall holistic picture of model performance, with clear conclusions regarding accuracy and remediation areas as required

Clearly documenting and effectively communicating quantitative methods as part of ongoing engagement with key stakeholders, including the lines of business, risk managers, model validation, technology

Position Overview

Responsible for independently conducting quantitative analytics and complex modeling projects. Leads 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. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.

Required Education, Skills, and Experience

Graduate degree in quantitative discipline (e.g. Mathematics, Economics, Engineering, Finance,

Physics)

5+ years of experience in model development, statistical work, data analytics or quantitative research, or PhD

Ability to work in a large, complex organization, and influence various stakeholders and partners

Strong communication skills and ability to effectively communicate quantitative topics to technical and non-technical audiences

Effectively presents findings, data, and conclusions to influence senior leaders

Demonstrated leadership skills; Ability to exert broad influence among peers

Sees the broader picture and is able to identify new methods for doing things

Strong Programming skills e.g. R, Python, SAS, SQL or other languages

Strong analytical and problem-solving skills

Experience using and developing cross-sectional models

Experience implementing models into various production environments

Desired Skills and Experience

Experience with complex data architecture, including modeling and data science tools and libraries, data warehouses, and machine learning

Ability to extract, analyze, and merge data from disparate systems, and perform deep analysis

Experience using data mining and other advanced analytical techniques to aggregate data for model development and/or to produce management reporting

Experience designing, developing, and applying scalable Machine Learning and Artificial Intelligence solutions

Experience with data analytics tools (e.g., Alteryx, Tableau)

Experience building data architecture that is optimized for large dataset retrieval, analysis, storage, cleansing, and transformation

Demonstrated ability to drive action and sustain momentum to achieve results

Experience with engineering complex, multifaceted processes that span across teams; Able to document process steps, inputs, outputs, requirements, identify gaps and improve workflow

Experience with LaTeX

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-22028341

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Pamela Salvato

Referral Bonus:

0

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