Bank of America Sr Quantitative Fin Analyst in New York, New York

Job Description:


The Quantitative Financial Analyst will contribute to the Corporate Audit Model Risk team's enterprise-wide coverage of model risk. The candidate will assume the following responsibilities:

  • Audit entire model life cycle, i.e.development, validation, implementation, policies, governance, and use. Model uses include calculate derivatives prices, valuation adjustments, CCAR, etc.

  • Interview business partners in various lines of business and control functions to understand relevant aspects of model development, validation, governance, and use.

  • Evaluate model documentation / validation reports and document results

  • Assess the remediation of regulator and audit identified issues

  • Provide quantitative modeling consultation to other audit teams and engage with business partners in ensuring effective model risk management across the bank

  • Responsible for working independently on complex model audit

  • Coaching junior staff members

Enterprise role overview:

Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and a broad knowledge of financial markets and products.

Required Skills:

  • Master's or Ph.D. in a quantitative discipline such as mathematics, statistics, operations research, physics, or economics.

  • Experience advanced mathematical techniques including some of the following: stochastic calculus, finite difference methods, Monte Carlo simulation, etc

  • Sound organizational, analytical, quantitative, oral, and written communication skills.

  • Ability to work well with and communicate with others, from teammates to executives, and to present findings to upper level management and executives.

  • Ability to manage multiple work efforts and to quickly change direction as needed.

  • Experience in one of R, SAS, C++, MatLab, Java

Desired Skills:

Quantitative financial experience, i.e. model development, model risk, or model audit

PhD preferred

Posting Date : 01/03/2017

Location : US-NY-New York

Travel : Yes, 5% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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