Quantitative Finance Analyst

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 approaches
• Provide domain expertise for Strategic Risk Initiatives, Risk Management, GRA , Regulators (MRA/MRIA), Audit , MRM, QSG and MRT/FO technology, providing requirements, system design and adoption testing support.
• Design of strategic systems for Full Revaluation Risk, Reference Data, Market Data and adoption of Firm wide strategic projects across the Market Risk and Counterparty Risk domains.
• Provide coherent, sustainable solutions to support Market Risk and Counterparty Risk, through updating and maintaining existing risk systems. Assist with new Regulatory requirements and build/improve processes to a point that they can be handed over to the appropriate team for on-going production (EST, Internal/External Reporting, GBS).
• Provide a “One Stop Shop” for Risk Managers, GRA, external teams for Market Risk model and systems suppor

Minimum Education Requirement: Master’s degree in related field or equivalent work experience

Required Qualifications:

• 2-3 years of experience in the Risk/Finance or related discipline.
• Degree in Statistics, Mathematics, Computer Science, Information Systems, Physics or a related quantitative field.
• Proven experience in a related quantitative occupation.
• Experience working with tools like Python, Excel, and SQL scripting.
• Strong documentation skills.

Additional Requirements:

• Excellent analytical and problem-solving skills.
• Ability to work independently and as part of a team.
• Strong communication and interpersonal skills.
• Knowledge of financial markets and risk management concepts.

Skills:

• 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 Communications

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$89,800.00 - $155,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.