Bank of America Corporation
Location
Jersey City, NJ | United States
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
RESPONSIBILITIES:
Perform quantitative analysis to explain and analyze the root cause of issues in the roll out of large business-wide initiatives that provide new functionality to market risk in terms of modelling capabilities.
Understand the interplay between front office pricing models and the market risk models, and work with risk managers, FLU technology, FLU, or risk Quantitative modelers as appropriate to explain and/or fix issues in the new infrastructure.
Identify issues in both historical market data, security reference data and front office pricing.
Maintain and analyze market risk models, with an emphasis in VaR and Stress Testing models.
Utilize knowledge of financial traded products and their pricing models, market structure across equity & fixed income asset classes, Value at Risk (VaR) models, Stress Testing models and their use in market risk management.
Apply statistical and mathematical finance models to understand the key drivers of stress and VaR P&L.
Adopt front office pricing approaches and apply to various traded products.
Utilize computer programming programs, including, VBA, SQL, Python to implement risk models to automate risk model analysis and issue identification.
REQUIREMENTS:
Master's degree or equivalent in Finance, Mathematics, Economics, Financial Engineering, or related; and
5 years of progressively responsible experience in the job offered or a related quantitative occupation.
Must include at least 5 years of experience in each of the following:
Maintaining and analyzing market risk models, with an emphasis in VaR and Stress Testing models;
Utilizing knowledge of financial traded products and their pricing models, market structure across equity & fixed income asset classes, Value at Risk (VaR) models, Stress Testing models and their use in market risk management;
Applying statistical and mathematical finance models to understand the key drivers of stress and VaR P&L;
Adopting front office pricing approaches and applying to various traded products; and
Utilizing computer programming programs, including, VBA, SQL, Python to implement risk models to automate risk model analysis and issue identification.
If interested apply online at 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:
40Job tags
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