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Quantitative Finance Analyst

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Job Details
Job Order Number
Company Name
Bank of America
Physical Address

Newark, DE 19713
Job Description

Job Description:

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

Required Skills:

+ 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)

Desired Skills:

+ 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

Location :

Newark, DE, Deerfield II, 655 Paper Mill Rd,


- United States

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

Assistance for Applicants with Disabilities

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Diversity & Inclusion

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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