Bank of America Corporation

Global AML Operations - Client Quantitative Analyst I

Bank of America Corporation$80K — $95K *
Plano, TX 75025In-Person
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in finance, math/statistics, computer science, or related field
  • 2+ years of experience in applied data science or quantitative research
  • Strong analytical and problem-solving skills
  • Proven communication skills for conveying complex data insights
  • Experience with data extraction and integration from various databases, including Hadoop
  • Ability to work in a fast-paced, high-consequence environment
  • Technical writing and presentation skills tailored for non-technical audiences

Responsibilities

  • Extracts data using programming languages such as SQL, SAS, Python, or Spark/Scala
  • Transforms data from multiple sources into actionable insights for decision-making
  • Conducts quantitative analysis under supervision and provides insights based on business queries
  • Documents and communicates quantitative methods to engage stakeholders effectively
  • Independently develops innovative analytical processes as needed
  • Enhances analytical capabilities to support compliance programs
  • Performs quality assurance checks on outputs and reports inconsistencies to leadership

Benefits

  • Comprehensive health coverage including medical, dental, and vision
  • Retirement savings plan with company matching contributions
  • Flexible work arrangements and support for work-life balance
  • Opportunities for professional growth and development
  • Access to diverse employee resource groups and initiatives promoting diversity and inclusion
Full Job Description
Job Description:

This job is responsible for supporting analytical work efforts for various projects within a Line of Business or business discipline. Key responsibilities include leveraging databases to acquire client and performance data, transforming extracted data into meaningful insights and trends, and delivering those insights to leaders to make complex business decisions. Job expectations include working with business partners to understand, coordinate, and deliver agreed upon priorities while communicating complex data outputs and delivering the appropriate summary and data required.

Responsibilities:
  • Supports the extraction of data using a variety of a programming languages, such as SQL, SAS, Python, or Spark/Scala, and applies knowledge of relational and non-relational database systems housed on both on-premise and off-premise (hybrid) platforms
  • Connects provisioned data across multiple sources and performs necessary transformations utilizing both technical, business, and process knowledge to transform data into meaningful values and insights
  • Performs quantitative techniques and analysis on customer, transaction, and performance data with the guidance from other analysts and supervisors, based on questions provided by business partners, and provides actionable insights for business partners to make informed decisions.
  • Follows requirements developed by other analysts and supervisors to perform required research, analytics, and exploration on appropriate and accurate data sources to provide appropriate deliverables
  • Communicates complex subjects in a simple and engaging manner to non-technical and technical business partners using software such as Power Point, Word, Excel, and Tableau
  • Assists with conducting quality comparison checks on analysis output and escalates data inconsistencies, gaps, or issues to leadership
  • Follows quality workflow process and documentation requirements to adhere to standards and provide business continuity


As a Client Quantitative Analyst, your main responsibilities will involve:
  • Clearly documenting and effectively communicating quantitative methods as part of ongoing engagement with key stakeholders, including the lines of business, risk managers, and technology
  • Independently conducting quantitative analytics and developing new innovative analytic processes when needed
  • Applying quantitative methods to further analytical capabilities that support BSA/AML compliance programs
  • Maintaining and continuously enhancing these capabilities over time to respond to the changing nature of risks, economic conditions and evolving client behavior


Required Qualifications:
  • Ability to use data tools and techniques to find and deliver data from various sources of record
  • Proven communications skills in describing complex data to inform strategic insights and decisions
  • Bachelor's Degree or higher in finance, math/statistics, computer science or another quantitative field (for example, engineering, operations management)
  • Coursework in finance, math/statistics and/or computer science
  • 2+ years of experience in applied data science or quantitative research or related role
  • Strong analytical and problem-solving skills
  • Strong technical writing, communication and presentation skills and ability to effectively communicate quantitative topics to a non-technical audiences
  • Ability to manipulate data from structured and unstructured sources
  • Experience extracting and merging data from different database environments, including Hadoop
  • Ability to work effectively in a fast-paced high-consequence environment


Desired Qualifications:
  • Master's Degree or higher in finance, math/statistics, computer science or another quantitative field (for example, engineering, operations management)
  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world
  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
  • Knowledge of statistical sampling, optimization, machine learning, predictive modeling, and artificial intelligence techniques
  • Effective at prioritization/time and project management
  • Broad understanding of financial products and experience supporting highly regulated initiatives in a large complex financial institution
  • Experience gathering and communicating business requirements between technology product owners and engineering teams


Skills:
  • Business Analytics
  • Data Mining
  • Data and Trend Analysis
  • Analytical Thinking
  • Business Intelligence
  • Data Quality Management
  • Data Visualization
  • Application Development
  • Business Acumen
  • Continuous Improvement
  • Innovative Thinking
  • Quality Assurance


Shift:
1st shift (United States of America)

Hours Per Week:
40

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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