Quantitative Finance Analyst
Company: Disability Solutions
Location: Jersey City
Posted on: September 28, 2024
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Job Description:
Job Description:Job DescriptionAt 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!Job Description:Working closely with the Risk
Methodology, Line of Business Risk Managers and Technology teams,
the candidate will provide support for the production of market
risk and counterparty risk models. With a good working knowledge of
market risk infrastructure, data flows and market risk and
counterparty risk models, the candidate will be expected to play a
significant role in the process design and risk system
requirements, ensuring the completeness and accuracy of all market
risk models.The candidate will liaise with Line of Business Risk
Managers to provide quantitative risk implications of regulatory
changes, new product development etc. and enhance market risk
models to reflect changes in the business environment. The role
requires a flexible approach that can deal with problems that
require pragmatic solutions and innovative thinking.A good
understanding of the key risk drivers at product, business and
firm-wide levels is required. The ability to communicate to Line of
Business Risk Managers potential risks is required.Proactively
monitor and remediate any market risk and counterparty risk issues
that is used in production risk measurement and reporting. Ensure
the completeness, validity, and accuracy of on a regular basis.
Work with business data users to define the use of data within
various risk systems. Work closely with technology to ensure the
timely and accurate data processing and test, implement and roll
out effective processes and system controls. Work with other groups
as needed, including Counterparty Reporting, Enterprise Stress
Testing and various Technology groups to ensure effective controls
over market data for GBAM. Required Qualifications:--- Master's
Degree in a quantitative discipline is required.--- At least two
year's work experience in Finance with a strong preference for
candidates with a Market Risk or Counterparty Risk background.--- A
thorough understanding of Market Risk or Counterparty Risk models
including Value at Risk, Stress Test models related economic
capital regulations is required.--- A demonstrated track record in
process execution, process control and process re-engineering in
the market Market Risk or Counterparty Risk realms is required.---
A detailed understanding of the mathematical principles underlie
these risk models and how these principles are implemented and
controlled in large scale risk systems is highly desirable.--- A
broad knowledge of equity and fixed income financial products
including, FX, interest rate and credit products.--- Advanced
desktop technology skills such as Excel and PowerPoint is a
must.--- Experience in quantitative computer programming (VBA, SQL,
Python) a plus.--- Excellent verbal and written communication
skills, including well-developed presentation skillsShift:1st shift
(United States of America)Hours Per Week: 40Pay Transparency
detailsUS - NJ - Jersey City - 525 Washington Blvd (NJ2525)Pay and
benefits informationPay range$88,800.00 - $150,000.00 annualized
salary, offers to be determined based on experience, education and
skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Jersey City , Quantitative Finance Analyst, Professions , Jersey City, New Jersey
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