Quantitative Finance Analyst

Bank of America

. Conduct quantitative analytics and modeling projects for specific business units or risk types .

Posted 9/18/2026full-timeJersey City • New Jersey • United StatesJuniorMid-Level💰 $89,800 - $155,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in quantitative analytics, statistical modeling, and machine learning, with a strong ability to develop and validate credit risk models and perform comprehensive data analysis. Proficient in technical documentation and effective communication with stakeholders to support model development and implementation.

Highest-signal resume keywords

Quantitative AnalysisStatistical ModelingMachine LearningPython ProficiencyData Visualization

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Statistical ModelingQuantitative AnalysisForecastingApplied StatisticsData AnalysisModel DevelopmentRisk ModelingScenario DesignTechnical DocumentationData Interpretation

Soft Skills

Excellent Communication SkillsBusiness AnalysisDocumentation SkillsAbility to Manage PrioritiesStakeholder Interaction

Tools & Technologies

PythonSQLSASRMATLABTableauPower BINoSQL DatabasesDistributed ComputingC/C++

Industry Keywords

Wholesale Credit RiskMarket Risk Stress TestingRegulatory Capital ModelsBehavioral ScoresLoss ForecastingModel Risk ManagementData LineageFinancial Data AnalysisModel ValidationContinuous Improvement

Tech Stack

Tools & technologies

NoSQLPythonSQLTableauC++

About the role

Key responsibilities & impact

Conduct quantitative analytics and modeling projects for specific business units or risk types
Develop wholesale credit risk models, including loss forecasting, commercial scorecards, behavioral scores, and regulatory capital models
Perform end-to-end market risk stress testing, including scenario design, implementation, results consolidation, reporting, and analysis
Execute in-depth analysis of wholesale credit performance and financial data
Develop new models, analytic processes, and system approaches
Perform statistical analysis on large datasets and interpret results using qualitative and quantitative approaches
Prepare white papers for developed models
Create technical documentation for all activities
Work with Technology staff to design systems that run developed models
Interact with internal model risk management, address concerns, and remediate model-related findings
Support post-implementation activities, ongoing monitoring reviews, and stakeholder interactions
Support quantitative work prioritization aligned with the bank's strategy
Identify continuous improvements through reviews, documentation feedback, and effective challenges
Provide methodological, analytical, and technical guidance to development and validation projects
Communicate submission and validation outcomes to model stakeholders and senior management

Requirements

What you’ll need

Master's degree or higher in Computer Science, Data Science, Statistics, Mathematics, Finance, or a related quantitative discipline
Master's degree in related field or equivalent work experience
Minimum of 2 years of relevant experience
Strong STEM background
Knowledge of Machine Learning, NLP, Deep Learning, Statistical Modeling, Quantitative Analysis, Forecasting, and Data Visualization
Proficiency in Python, SQL, SAS, R, MATLAB, and C/C++
Experience with SQL and NoSQL databases and distributed computing
Knowledge of Tableau and Power BI
Applied statistics skills, including distributions, statistical testing, and regression
Strong business analysis and documentation skills, including requirements, process flows, and data lineage
Ability to manage multiple and competing priorities
Excellent written and verbal communication skills
First shift availability in the United States of America
Ability to work 40 hours per week

Benefits

Comp & perks

Affordable, competitive and flexible benefits
Support for physical, emotional, and financial wellness
Opportunities to learn, grow, and make an impact
Paid time off
Annual discretionary incentive plan eligibility
Benefits eligibility
In-office flexibility based on role-specific responsibilities and business needs