Quantitative Operations Associate- Capacity Modeler

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed build a career and contribute to our shared success. This includes attracting and developing exceptional talent recognizing and rewarding performance and supporting our teammates physical emotional and financial wellness through affordable competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service community college education or a wide range of work and life experiences. These journeys foster resilience leadership and innovation strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration engagement and career development. Our approach includes clear in-office expectations while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America you can build a successful career with opportunities to learn grow and make an impact. Join us!

Job Description:
The Data & Modeling - Resource Analytics team in Global Operations Data Reporting & Operations Management is looking for a motivated individual with strong quantitative skills and experience in capacity planning resource optimization and/or analytics. This individual will be responsible for developing and maintaining strategic capacity models that forecast operational resource demand with the goal of maintaining optimal staffing levels across Global addition the position will assist with efforts to ensure capacity models adhere to Model Risk Management (MRM) standards. The ideal candidate will have a keen eye for detail a strong sense for modeling complex operational systems and excellent verbal and written communication skills.

Quantitative Operations Associate - Capacity Modeler

Responsibilities include:
Develop and maintain volume forecasting capacity planning and resource optimization models
Help modernize existing volume forecasting and capacity models using advanced predictive modeling simulation and optimization techniques
Assist in driving volume and capacity modeling consistency and innovation across the team
Routinely partner with the Front Line Units (FLUs) to generate best in class outcomes
Conduct routine model production and performance presentations with executive leadership
Evaluate new opportunities and implement enhancements to current capacity model inputs processes and outputs
Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines

Responsibilities:

• Develops and maintains models for the line of business including volume forecasts capacity plans and vendor models
• Drives horizontal consistency in model development and usage across peer groups
• Conducts routine model production and performance presentations with executive leadership
• Ensures adherence to Model Risk Management (MRM) requirements
• Supports ongoing model monitoring to improve forecasting performance and efficiency

Required Skills:

• Bachelors degree in Industrial Engineering Mathematics Statistics Applied Economics Operations Research Analytics Finance or other STEM fields or equivalent experience.

• 2 years of experience in quantitative roles supporting complex functions.
• Proficient in MS Office particularly Excel
• Experience with Copilot
• Ability to work in a collaborative environment with strong aptitude for problem solving and collaboration.
• Effective communication and people skills - specifically the ability to communicate complex ideas in a clear and concise manner to key stakeholders.
• Natural curiosity and drive to answer important business questions.
• High aptitude for self-motivation and self-determined project work in a fast-paced and rapidly changing environment.

Desired Skills:

Masters degree in Industrial Engineering Mathematics Statistics Applied Economics Operations Research Analytics Finance or other STEM field
Prior capacity or financial planning experience
Understanding of linear regression and time-series modeling techniques
Understanding of simulation and operations research techniques
Experience with SAS Python R or similar statistical software
Experience with Arena or similar discrete event simulation software
Experience with SAS OR GAMS XPRESS CPLEX or similar optimization software
Experience with Tableau or other data visualization software
Prior Banking industry analytics and modeling experience specifically with models that adhere to standards set by a risk management governing body

Skills:

• Analytical Thinking
• Business Intelligence
• Data Modeling
• Data Visualization
• Data and Trend Analysis
• Attention to Detail
• Collaboration
• Data Management
• Data Mining
• Presentation Skills
• Consulting
• Problem Solving
• Risk Management
• Stakeholder Management
• Technical Documentation

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)

Pay and benefits information

Pay range

$84600.00 - $130800.00 annualized salary offers to be determined based on experience education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.