Bank Of America Assistant Vice President Quantitative Finance Analyst 

United States, Illinois, Chicago 

875775848

RESPONSIBILITIES:

• Develop, test, document, and maintain counterparty credit risk model, including risk factor simulation models, pricing models, aggregation models as well as back testing methodology.

• Support the counterparty credit risk platform, including investigation and resolution of model-related system issues and practical quantitative support to model users.

• Perform model enhancement, performance testing and documentation to remediate internal and external requirements.

• Identify common themes across global markets along with improvement initiatives.

• Communicate the results analysis to all model stakeholders including risk management, model development, model risk, senior management and our regulators.

• Support model development in confirming remediation of model issues prior to their being taken live.

• Drive incremental improvement to our model performance assessment tool set across all business areas.

• Analyze and evaluate large and complex economic and financial datasets with analytical tools of Python, SQL and R.

• Use big data technologies SQL to handle large volumes of data produced by complex financial risk models.

• Analyze portfolio risk with derivative pricing and stochastic calculus in order to estimate losses of traded products within margined portfolios.

• Implement testing of financial models for use in model validation submissions.

• Remote work may be permitted within a commutable distance from the worksite.

REQUIREMENTS:

• Master's degree or equivalent in Finance, Statistics, Mathematics, Financial Mathematics, or related and

• 1 year of experience in the job offered or a related Quantitative occupation.

• Must include 1 year of experience in each of the following:

• Analyzing and evaluating large and complex economic and financial datasets with analytical tools of Python, SQL and R;

• Using big data technologies SQL to handle large volumes of data produced by complex financial risk models;

• Analyzing portfolio risk with derivative pricing and stochastic calculus in order to estimate losses of traded products within margined portfolios; and,

• Implementing testing of financial models for use in model validation submissions.

If interested apply online at or email your resume to and reference the job title of the role and requisition number.