Bank of America Senior Quantitative Finance Analyst - GWIM Model Validation - New York, NY in New York, New York
The qualified candidate will join a team of analysts in the Model Risk Management (MRM) group and will be responsible for the independent review and validation of all Mathematical/Statistical models used by the Global Wealth & Investment Management (GWIM) group. The MG group ensures that all models reflect best modeling practices and comply with the OCC requirements, BAC enterprise and MRM policies/procedures.
The qualified candidate will work cross-functionally to enforce current model risk control procedures and apply his experience and skills to subject the models used by the GWIM group to effective challenge. The qualified candidate will also function as a subject matter expert to provide technical consultation to a team of 5 analysts and to the MRM management for policy/procedure revisions/update.
The qualified candidate will join a group of highly skilled and experienced professionals bound by a strong commitment to high-quality work in a very collegial atmosphere.
Key words: APT model, Asset allocation, Black-Litterman model, CAPM, Cash flow modeling, Derivatives pricing, High-dimensional problems, Monte Carlo simulation, Portfolio optimization, Stochastic processes, Value-at-Risk (VaR).
Strong and diversified quantitative skills
Working knowledge of the main asset classes available on the market(equities, fixed-income securities, options)
Working knowledge of derivative financial instruments and the numerical methods used to price them
Working knowledge of stochastic processes and stochastic calculus/integration
Working knowledge of optimization techniques, regression techniques and Monte Carlo simulation
Hands-on experience in the design, implementation and testing of financial/pricing models
Ability to understand and communicate clearly and effectively at all levels
Ability to learn and adapt in an unexplored field, if necessary
Team player attitude
5+ years of relevant hands-on modeling / testing experience
Masters/Ph.D.-level degree in Quantitative Finance
Strong programming skills in VBA, Matlab, C++/C#/Java and SAS
Technical curiosity and interest in learning new skills
Posting Date : 06/13/2017
Location : US-NY-New York
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
Assistance for Applicants with Disabilities
Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .
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.
Frequently Asked Questions
Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.