Quantitative Finance Analyst
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Newark, DE 19713
Bank of America is looking for a Quantitative Finance Analyst to join the Global Risk Analytics team. The prospective candidate will have responsibility for independently conducting quantitative analytics and loss forecasting projects in support of the Retail Credit Card and Consumer Vehicle Lending portfolios.
The main function of the role is to develop and expand analytics capabilities and output in examining portfolio health, loss model performance and forecast results. This position requires assessing performance trends and helping with adoptions of new platforms, loss models and data sources.
Additional responsibilities will include producing high quality documentation and presentation materials for senior management and internal / external reviewers. The analyst will also be expected to produce technical documents and work with stakeholders to review and approve forecasts. Candidates will also need strong communication skills to influence forecast design and strategic decisions as they will work closely with business stakeholders.
Job responsibilities include:
+ Application of analytical tools to extract and prepare reference data, assess data limitations and materiality of modeling assumptions
+ Design, estimation, and validation of consumer behavioral models
+ Organizing and preparing development documentation and supporting materials
+ Presenting to senior management and model examiners
+ Cross functional support for model installation and ongoing monitoring
+ Ability to identify risks and issues and to effectively troubleshoot
+ Contribute to strategic direction and develop new analytic tools and improve best practices
+ Master’s Degree or greater in a quantitative discipline (Economics, Statistics, etc.)
+ 2+ years of experience in quantitative analytics (modeling, forecasting, etc.)
+ High quality documentation and presentation materials using Microsoft office
+ Strong communication and interpersonal skills in order to work with cross-functional teams
+ Ability to present and consult with senior management and business stakeholders
+ Programming with SAS, R and other programming languages
+ Experience with SQL and querying large relational databases (DB2, Teradata, Hadoop)
+ Consumer behavior analytics or risk modeling in a financial institution
+ Experience with open source software such as LaTeX, Python or R
+ Experience meeting with internal / external examiners and responding to questions and required actions
+ Experience with DFAST / CCAR
Posting Date : 06/12/2019
Newark, DE, Deerfield II, 655 Paper Mill Rd,
Charlotte, NC, BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST,
- United States
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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