Bank of America Corporation

Associate - Quant

Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Financial Engineering, Mathematics, Statistics, Finance, or a related field
  • 2 years of experience in a quantitative role or related occupation
  • Experience collaborating with global teams and integrating inputs from risk and technology groups
  • Proficiency in data engineering and modern data architecture, including Large Language Models and RPA
  • Knowledge of model development standards and statistical methodologies
  • Awareness of current industry trends like Generative AI and Cloud Computing and their strategic implications

Responsibilities

  • Apply mathematical/statistical techniques to finance issues such as derivative valuation and risk management
  • Develop analytical capabilities or model libraries with advanced statistical techniques
  • Partner with various teams on process automation and enhancements
  • Leverage analytics and data to deliver solutions to Global Markets
  • Integrate data-driven insights and AI to identify business opportunities
  • Identify efficiency improvement areas and enhance reporting frameworks
  • Lead projects ensuring timely execution and stakeholder communication
  • Generate documentation to support ongoing model reviews and validation efforts
  • Conduct quantitative analysis on markets and trading strategies

Benefits

  • Access to industry-leading benefits
  • Paid time off resources
  • Support for contributions that impact the business and the community
  • Potential eligibility for annual discretionary incentive awards based on performance
Full Job Description
Responsibilities
  • Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
  • Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
  • Partner with the business, control functions, quants and technology teams on process automation and enhancement initiatives.
  • Adopt modern analytics and technologies and leverage models and data to develop and deliver impactful solutions to Global Markets.
  • Integrate data-driven insights, as well as Generative AI, to help identify business opportunities, enhance client dialogue and support deal execution.
  • Identify workflow and process optimization opportunities, onboard / build tools for efficiency improvements, and enhance reporting frameworks.
  • Lead multiple projects with precision, ensuring timely execution and effective communication with stakeholders.
  • Generate required documentation and testing to support model risk management ongoing model review and validation.
  • Perform numerical analysis of existing models and implement and test performance enhancements.
  • Conduct quantitative analysis of the current markets, industry trends and trading strategies.
  • Remote work may be permitted within a commutable distance from the worksite.


Required Skills & Experience
  • Bachelor's degree or equivalent in Financial Engineering, Mathematics, Statistics, Finance, 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:
  • Collaborating across global markets and stakeholder groups, integrating inputs from risk, control, quantitative, and technology teams to deliver enterprise-scale modelling solutions influencing risk-weighted assets and supporting regulatory and strategic decision-making;
  • Combining data engineering expertise in modern data architecture and leveraging emerging technologies including Large Language Models and Robotic Process Automation, to shape analytics delivery;
  • Adhering to model development standards and best practices from conceptual design rooted in sound statistical methodologies, robust code implementation to deployment through optimized GPU usage to ensure stability and scalability; and,
  • Staying ahead of current industry trends including Generative AI and Cloud Computing, how such trends impact the businesses being supported and how they fit into broader strategy.


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

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$175,000.00 - $175,000.00 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.

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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