Senior Quantitative Finance Analyst – JR-24037427 – Charlotte, North Carolina;

Bank of America

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!The Team:Global Risk Analytics (GRA) and Enterprise Independent Testing (EIT) are sub-lines of business within Global Risk Management (GRM). Collectively, they are responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA and EIT partner with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, GRA and EIT drive innovation, process improvement and automation.EIT has established itself as the enterprise utility to test processes on behalf of Frontline Units and Control Functions across the firm with the goal of enabling more efficient and effective testing. The Test Automation Team within EIT is responsible for transforming the way testing is performed by driving a digital transformation and delivering effective and efficient automation. The team closely collaborates with stakeholders to understand the existing data and control landscape, prioritize testing needs and deliver effective test implementations to improve the firms risk management capabilities.The role will involve leading the development and enhancement of the next generation of tests to improve the bank’s risk management capability. This is a challenging and intellectually stimulating role driving a dynamic team to solve complex testing needs leveraging data across the Enterprise.Overview of the Role:We are looking for experienced technically minded problem solvers with proven leadership credentials with a desire to work across functional areas to drive the development of next generation tests as well as provide effective challenge to existing business processes and controls.•    Provide leadership, technical acumen, and experience in the development of new tests.•    Think outside the box of current industry standards to develop innovative approaches to testing of operational and compliance risk.•    Pro-actively work with stakeholders across the company to collect requirements, understand business processes including the existing control landscape and determine how to appropriately design tests followed by test implementations to meet the requirements.•    Provide insight and thought leadership into management of testing codebases including enforcement of appropriate review and challenge during development.•    Promote the adoption of industry best practices for test development and execution.•    Pro-actively work with stakeholders across the firm to identify opportunities to improve existing tests/processes and effectively communicate solutions.•    Produce clear and coherent technical documentation for internal and regulatory purposes.•    Ability to effectively govern tests and processes to ensure we meet the highest levels of regulatory expectation.•    Take ownership to deliver results and meet critical deadlines.Required Education:•    Graduate degree in highly technical discipline•    Common areas of study include but are not limited to: Mathematics, Physics, Economics, Computer Science, Data Science, Operations ResearchRequired Skills:•    5+ years of relevant work experience or equivalent educational training•    Ability to solving complex problems and handle large data sets•    Proven leadership abilities, working across organizational lines•    Strong programming skills including SQL and Python•    Deep understanding of appropriate software development lifecycle•    Strong technical writing and clear verbal communication skills•    Feels ownership and accountability for delivering high quality work, able to prioritize effectively, adapt, and able to work under pressure and deliver to tight deadlines•    Ability to work independently, multitask and properly prioritize multiple projects•    Curiosity and willingness to develop and work on new ways of testing•    Capable of providing leadership to junior developersDesired Skills:•    Experience building automation tooling that is optimized for working with large datasets•    Experience working with structured and unstructured data in various storage solutions•    Experience in operational and compliance risk related testing•    Strong stakeholder engagement skills with ability to work with colleagues in other functions•    Organized, practical and execution focused with some project management experience•    Self-motivated and intellectually curious about both the role, supporting technologies and the wider bank•    Broad understanding of financial markets and productGeneral Job Description:This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.General 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 driversLeads the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritizationIdentifies 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/validationMaintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise’s risk appetiteLeads and provides 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 riskWorks closely with model stakeholders and senior management with regard to communication of submission and validation outcomesPerforms statistical analysis on large datasets and interprets results using both qualitative and quantitative approachesSkills:Critical ThinkingQuantitative DevelopmentRisk AnalyticsRisk ModelingTechnical DocumentationAdaptabilityCollaborationProblem SolvingRisk ManagementTest EngineeringData ModelingData and Trend AnalysisProcess Performance MeasurementResearchWritten CommunicationsMinimum Education Requirement:Master’s degree in related field or equivalent work experienceShift:1st shift (United States of America)Hours Per Week:40