Vice President; Quantitative Finance Analyst
Vice President; Quantitative Finance Analyst
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$ 141000 - 153300
1 Vacancy
Job Description
Job Description:
At Bank of America we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients teammates communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace attracting and developing exceptional talent supporting our teammates physical emotional and financial wellness recognizing and rewarding performance and how we make an impact in the communities we serve.
At Bank of America you can build a successful career with opportunities to learn grow and make an impact. Join us!
RESPONSIBILITIES:
Participate in research development and implementation of credit risk concentration models.
Perform econometric analyses to support methodology development.
Conduct on-demand analyses of model output and changes.
Develop a practical understanding of credit risk trends (financial performance of counterparties) concentrations (industry country and single name) analyzing macroeconomic indicators and ability to recommend key credit portfolio decisions to be shared at senior management level and Board level discussions.
Collaborate with global teams to provide analytical support for leadership decision making.
Perform financial modelling analysis and data collection as well as the interpretation of market and portfolio information statistics and pricing.
Analyze and evaluate large and complex economic and financial datasets with analytical tools of Python SQL and R.
Use big data technologies of SQL to handle large volumes of data produced by complex financial forecasting models.
Implement advanced high performance Python code for large-scale distributed computing environments in Apache Spark and Hadoop/HIVE to develop scalable reusable analytical and quantitative models.
Utilize current modeling and data science principals including time-series analysis and machine learning to develop loan loss modelling frameworks.
Remote work may be permitted within a commutable distance from the worksite.
REQUIREMENTS:
Masters degree or equivalent in Finance Statistics Mathematics or related: and
2 years of experience in the job offered or a related Quantitative occupation.
Must include 2 years of experience in each of the following:
Analyzing and evaluating large and complex economic and financial datasets with analytical tools of Python SQL and R;
Using big data technologies of SQL to handle large volumes of data produced by complex financial forecasting models;
Implementing advanced high-performance Python code for large-scale distributed computing environments in Apache Spark and Hadoop/HIVE to develop scalable reusable analytical and quantitative models; and
Utilizing current modeling and data science principals including time-series analysis and machine learning to develop loan loss modelling frameworks.
If interested apply online at or email your resume to and reference the job title of the role and requisition number.
EMPLOYER: Bank of America N.A.
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)Pay and benefits informationPay range$141000.00 - $153300.00 annualized salary offers to be determined based on experience education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits access to paid time off resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.Required Experience:
Chief
Employment Type
Full-Time
