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Quantitative Finance Analyst
Bank of America. Conduct end-to-end market risk stress testing, including scenario design, implementation, results consolidation, reporting, and analysis .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Expertise in developing and validating credit risk models, including loss forecasting and regulatory capital models, while leveraging strong programming skills in R, Python, and SQL. Proven ability to conduct statistical analysis on large datasets and communicate findings effectively to senior management.
Highest-signal resume keywords
Credit Risk Model DevelopmentStatistical AnalysisProgramming Skills (R, Python, SQL)Data Analytics and VisualizationProject Management
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Credit Risk ModelsStatistical AnalysisData MiningMachine LearningData ArchitectureModel ValidationQuantitative AnalysisDatabase ManagementScenario DesignLoss Forecasting
Soft Skills
Analytical SkillsProblem-SolvingCommunication SkillsLeadershipStrategic Thinking
Tools & Technologies
HadoopAlteryxTableauMicroStrategyLaTeX
Industry Keywords
Market RiskModel Risk ManagementData ScienceFinancial Data AnalysisEnterprise Risk Appetite
Tech Stack
Tools & technologiesHadoopPythonSQLTableau
About the role
Key responsibilities & impact- Conduct end-to-end market risk stress testing, including scenario design, implementation, results consolidation, reporting, and analysis
- Plan quantitative work priorities in line with the bank’s overall strategy
- Identify continuous improvements through model development and validation reviews
- Support model development and model risk management for business requirements and enterprise risk appetite
- Provide methodological, analytical, and technical guidance for development and validation projects
- Work with model stakeholders and senior management regarding submission and validation outcomes
- Perform statistical analysis on large datasets using qualitative and quantitative approaches
- Develop wholesale credit risk models, including loss forecasting, commercial scorecards, behavioral scores, and regulatory capital models
- Analyze wholesale credit performance and financial data
- Prepare white papers for developed models
- Interact with internal model risk management, address concerns, and remediate model-related findings
- Support post-implementation monitoring and stakeholder interactions
- Develop models, analytic processes, and system approaches
- Create technical documentation and collaborate with Technology staff on model systems
- Identify, assign, and manage project tasks and timelines across teams
- Document process steps, inputs, outputs, and requirements; identify gaps and improve workflows
Requirements
What you’ll need- Master’s degree in Math, Economics, Statistics, Engineering, Finance, Computer Science or similar discipline, or equivalent work experience
- 5+ years professional experience developing credit risk models
- Strong programming skills, e.g. R, Python, SAS, SQL or other languages
- Strong analytical and problem-solving skills
- Experience using and developing cross-sectional models
- Experience implementing models into various production environments
- Ability to create compelling data-driven narratives and recommendations
- Ability to present findings and conclusions to senior leaders
- Demonstrated leadership and broad peer influence
- Ability to work in a large, complex organization and influence stakeholders
- Ability to work independently and collaboratively
- Strong communication skills with technical and non-technical audiences
- Ability to work in a highly controlled and audited environment
- Prioritization, time and project management skills
- Strategic thinking and ability to understand complex business challenges
- Experience with complex data architecture, data science tools and libraries, data warehouses, and machine learning
- Ability to extract, analyze, and merge data from disparate systems
- Experience developing and maintaining complex databases and datasets
- Experience with data mining and advanced analytical techniques
- Experience managing large datasets using tools such as Hadoop
- Experience designing, developing, and applying scalable Machine Learning and Artificial Intelligence solutions
- Experience with data analytics and visualization tools such as Alteryx, Tableau, and MicroStrategy
- Experience with LaTeX
- Experience building data architecture optimized for large dataset retrieval, analysis, storage, cleansing, and transformation
- Ability to drive action and sustain momentum
- Experience managing project tasks and timelines across teams
- Experience engineering complex, multifaceted cross-team processes and improving workflows
Benefits
Comp & perks- Affordable, competitive and flexible benefits
- Support for physical, emotional, and financial wellness
- Opportunities to learn, grow, and make an impact
- In-office culture with role-specific flexibility
- Career development opportunities