Quantitative Finance Analyst - Markets Behavior Analytics Team
Company: Disability Solutions
Location: New York
Posted on: October 11, 2024
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. 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!Job Description:This job is responsible for
conducting quantitative analytics and modeling projects for
specific business units or risk types. Key responsibilities include
developing new models, analytic processes, or systems approaches,
creating technical documentation for related activities, and
working with Technology staff in the design of systems to run
models developed. Job expectations include having a broad knowledge
of financial markets and products.Responsibilities:
- Performs end-to-end market risk stress testing including
scenario design, scenario implementation, results consolidation,
internal and external reporting, and analyzes stress scenario
results to better understand key drivers
- Supports the planning related to setting quantitative work
priorities in line with the bank's overall strategy and
prioritization
- Identifies continuous improvements through reviews of approval
decisions on relevant model development or model validation tasks,
critical feedback on technical documentation, and effective
challenges on model development/validation
- Supports model development and model risk management in
respective focus areas to support business requirements and the
enterprise's risk appetite
- Supports the methodological, analytical, and technical guidance
to effectively challenge and influence the strategic direction and
tactical approaches of development/validation projects and identify
areas of potential risk
- Works closely with model stakeholders and senior management
with regard to communication of submission and validation
outcomes
- Performs statistical analysis on large datasets and interprets
results using both qualitative and quantitative approachesSkills:
- 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 CommunicationsDETAILED Job DescriptionBank of America's
Global Risk Management business is looking for a Quantitative
Financial Analyst within the Market Behavior Analytics group. This
group is responsible for developing surveillances and other
sophisticated controls over activities in our Global Markets
business. These controls detect potentially suspicious activities
and patterns of behavior. Building these controls requires
knowledge of big data techniques, ability to architect systems that
can efficiently scale to hundreds of billions of data points per
day, machine learning over unstructured and structured data, graph
analytics, and experience with building UI for data rich
applications.Key responsibilities include:
- Understanding data: schemas, flow, size, data issues, data
controls, etc.
- Building performant big data pipelines that are necessary for
building surveillance logic
- Using sophisticated modeling techniques including machine
learning and AI, build surveillances
- Testing the efficacy of these surveillancesRequired Skills:
- Successful candidates will have a Bachelors or Masters in
Computer Science or similar discipline
- At least 2 years of relevant experience
- A love for playing with data and at least one of the
following:
- Experience in implementing distributed algorithms on large
amounts of data
- Experience in building user facing applications over large
amounts of data
- Strong communication skills and ability to effectively
communicate quantitative topics to technical and non-technical
audiences
- Ability to effectively presents findings, data, and conclusions
to senior leadersPreferred skills:
- Experience in machine learning / AI models
- Experience with financial data setsShift:1st shift (United
States of America)Hours Per Week: 40Pay Transparency detailsUS - CA
- San Francisco - 315 Montgomery St - 315 Montgomery (CA5704), US -
NJ - Jersey City - 525 Washington Blvd (NJ2525), US - NY - New York
- 1114 Avenue Of The Americas - Grace (NY1544)Pay and benefits
informationPay range$88,800.00 - $150,000.00 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.
Keywords: Disability Solutions, Westport , Quantitative Finance Analyst - Markets Behavior Analytics Team, Professions , New York, Connecticut
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