"Alerted.org

Assistant Vice President; Quantitative Finance Analyst

Jersey City, New Jersey

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** **:

+ Validate and challenge newly‐developed and existing models.

+ Communicate issues identified through validations to relevant businesses and governance and control functions.

+ Escalate model use breaches and remediation plans to relevant governance committees.

+ Conduct quantitative analytics and complex modeling projects.

+ Validate new and existing models, analytic processes or system approaches, create documentation for all activities, and work with technology staff in use of any system to run models developed.

+ Work cross‐functionally to enforce current model risk control procedures and serving as a subject matter expert to provide technical consultation to other analysts and to the MRM management for policy/procedure revisions/update.

+ Apply statistical methods and programming skills to extract, transform, and analyze large and complex data.

+ Perform quantitative analysis by using Python and R programming to apply stochastic calculus, statistical, and econometric models to the financial data.

+ Employ statistical models of linear regression, logistic regression, and time series analysis to estimate the relationships between outcome variables and risk factors, enabling accurate predictions and forecasts.

+ Apply computational methods to perform the numerical optimization for quantitative models and strategies with Python programming.

+ Conduct research regarding financial products and financial markets by leveraging information from academic papers and the data from financial platforms including Bloomberg, FactSet, and Morningstar.

+ Perform testing tasks for quantitative models and processes, automating the analytics and procedures, and visualizing the results by Python and VBA programming, to aid the efficiency and accuracy of work.

+ Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience** **:

+ Master's degree or equivalent in Finance, Statistics, Mathematics, Financial 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:

+ Applying statistical methods and programming skills to extract, transform, and analyze large and complex data;

+ Performing quantitative analysis by using Python and R programming to apply stochastic calculus, statistical, and econometric models to the financial data;

+ Employing statistical models of linear regression, logistic regression, and time series analysis to estimate the relationships between outcome variables and risk factors, enabling accurate predictions and forecasts;

+ Applying computational methods to perform the numerical optimization for quantitative models and strategies with Python programming;

+ Conducting research regarding financial products and financial markets by leveraging information from academic papers and the data from financial platforms including Bloomberg, FactSet, and Morningstar; and,

+ Performing testing tasks for quantitative models and processes, automating the analytics and procedures, and visualizing the results by Python and VBA programming, to aid the efficiency and accuracy of work.

If interested apply online at www.bankofamerica.com/careers or email your resume to [email protected] 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:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.