Vice President; Sr Quantitative Fin Analyst

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Responsibilities

• Apply quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements.

• Maintain and continuously enhance capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks.

• Understand and execute activities that form the end-to-end model development and use life cycle.

• Clearly document and effectively communicate quantitative methods as part of ongoing engagement with key stakeholders, including the lines of business, risk managers.

• Support the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization.

• Develop new models, analytic processes or systems approaches.

• Create documentation for all activities and work with Technology staff in design of any system to run models developed.

• Perform end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyze stress scenario results to better understand key drivers.

• Identify 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.

• Support 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.

• Perform statistical analysis on large datasets and interpret results using both qualitative and quantitative approaches.

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

Required Skills & Experience

• Master's degree or equivalent in Financial Risk Management, Economics, or related: and

• 2 years of experience in the job offered or a related Quantitative occupation.

• Must include 2 years of experience in each of the following:

• Building and evaluating predictive risk or financial forecasting models by performing feature creation, testing and performance monitoring across diverse business domains using MS Excel, Python, SAS, and SQL based feature extraction;

• Performing high-level portfolio and transaction analytics to identify anomalous patterns and emerging trends using Pandas, NumPy, Spark/PySpark;

• Developing scenario and sensitivity analysis to assess risk exposure, forecast outcomes, and quantify the impact of changing assumptions;

• Applying structured problem-solving to identify trends, anomalies, and risk drivers across financial and operational datasets; and,

• Translating analytical findings into clear business insights by creating dashboards, executive summaries, and data driven recommendations using Tableau/Power BI.

• 10% domestic travel, as necessary.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

Bank of America N.A.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525)

Pay and benefits information

Pay range

$171,800.00 - $210,000.00 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.