Sr. Quantitative Finance Analyst

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:

Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM) responsible for developing a consistent and coherent set of models analytical tools and tests for effective risk and capital measurement management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements and are responsive to the changing nature of portfolios economic conditions and emerging executing its activities GRA drives innovation process improvement and automation.

Scenario and Enterprise Risk Analytics organization provides valuable insights into decision-making processes by decoding and quantifying risks to support our business strategy to achieve responsible and sustainable growth. Our vision is to serve as the go-to function to answer day-to-day risk management questions via state-of-the-art modeling and analytical tools. We want to add value and be relevant beyond regulatory and internal compliance.

This role offers the opportunity to shape enterprisewide economic views at one of the worlds leading financial institutions influence senior decisionmakers and lead highimpact work at the intersection of economics risk management and strategy. This is a critical leadership role within Global Risk Analytics responsible for shaping the banks macroeconomic outlook scenario design and economic risk assessments used for regulatory submissions capital planning allowance methodologies and strategic decisionmaking. This role partners closely with senior executives risk committees and business leaders to translate complex economic dynamics into actionable insights for a large diversified financial institution.

Specific role responsibilities would include:

Macroeconomic Scenario Development

• Lead the design review and approval of enterprisewide macroeconomic projections and stress scenarios (1800 variables) supporting regulatory and internal use cases including CCAR CECL IFRS9 and internal forecasting.

• Ensure macroeconomic assumptions and scenario narratives are methodologically sound welldocumented and compliant with regulatory expectations and internal model risk standards.

Risk Analytics & Strategic Insight

• Assess emerging macroeconomic geopolitical and financial market risks and identify implications for capital adequacy credit risk liquidity and earnings.

• Develop forwardlooking economic analyses that inform enterprise risk identification corporate planning and stress testing outcomes across lines of business.

Thought Leadership & Executive Communication

• Provide thought leadership on evolving economic conditions and risks to the baseline outlook through executivelevel presentations written briefings and recurring seniorleadership forums.

• Translate complex economic and financial concepts into clear decisionuseful insights for senior management risk committees and frontline business partners.

• Serve as a trusted advisor to executive leadership on macroeconomic trends and scenariodriven impacts to the bank and the global economy.

Team Leadership & Collaboration

• Collaborate with a highperforming team of economists and analysts fostering strong analytical rigor clear communication and effective challenge.

• Coordinate economic research and scenario development efforts across regions portfolios and risk disciplines.

• Mentor junior staff and contribute to the banks broader economic research and talentdevelopment initiatives.

Innovation & Continuous Improvement

• Advance the use of quantitative methods data automation and emerging technologies (including AI/ML where appropriate) to enhance scenario design monitoring and risk insights.

• Continuously evaluate and improve economic modeling frameworks to reflect structural changes in the economy and financial markets.

Required Education Skills and Experience:

• Advanced degree (Masters or PhD) in Economics Finance or a related quantitative field.

• 8 years of experience in macroeconomic analysis scenario design or stress testing within a large financial institution regulatory body or economic research organization.

• Expertise in regulatory stress testing and allowance frameworks (CCAR CECL IFRS9).

• Strong understanding of global macroeconomics financial markets and bank balance sheet dynamics.

• Proven ability to communicate complex economic concepts effectively to senior executives and nontechnical audiences.

• Experience interfacing with regulators and responding to supervisory feedback.

• Familiarity with model risk management frameworks and governance requirements.

• Experience leveraging advanced analytics automation or AIenabled tools in economic or risk analysis.

Desired Skills and Experience:

• Some knowledge of Tableau SQL Python.

• Good understanding of current US regulatory environment

Skills:

• Critical Thinking

• Quantitative Development

• Risk Analytics

• Risk Modeling

• Technical Documentation

• Adaptability

• Collaboration

• Problem Solving

• Risk Management

• Test Engineering

• Data Modeling

• Data and Trend Analysis

• Process Performance Measurement

• Research

• Written Communications

Minimum Education Requirement: Masters degree in related field or equivalent work experience

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525)

Pay and benefits information

Pay range

$125000.00 - $210000.00 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.