Bank of America Corporation

Quantitative Engineer Analyst

Bank of America Corporation$67K — $126K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in software engineering or data analytics
  • Strong programming skills, particularly in Python
  • Familiarity with AI technologies, including large language models
  • Experience with data engineering using SQL, APIs, and complex datasets
  • Bachelor's degree in Mathematics, Computer Science, Statistics, or related field

Responsibilities

  • Develop scalable software components for risk management and analytics
  • Design and implement big data pipelines for analytical solutions
  • Collaborate with stakeholders to assess current processes and risks
  • Apply quantitative methods to address regulatory and business requirements
  • Maintain and enhance data capabilities in response to emerging risks
  • Communicate complex technical concepts effectively to diverse audiences
  • Drive innovation and process improvement across technical solutions

Benefits

  • Industry-leading benefits package
  • Access to paid time off
  • Support resources for employee well-being
  • Opportunities for professional development
  • Contributions to community growth through corporate responsibility initiatives
Full Job Description
Job Description:

This job is responsible for designing, developing, testing and implementing common, reusable, and scalable software components which are either domain independent (generic data quality tools over billions of rows of data) or domain specific (classification models for surveillance or testing framework for Global Markets processes). Key responsibilities include enabling Global Risk Management's data and analytical capabilities. Job expectations include working with modelers, risk managers, and technologists to understand the current state and design the future state of data and analytics.

Responsibilities:
  • Applies quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements
  • Understands financial data: schemas, flow, size, data issues, data controls, etc.
  • Builds performant big data pipelines
  • Uses programming skills and knowledge of software development lifecycle principles to deliver high quality code for model and testing processes
  • Collaborates with key stakeholders across the Bank to understand modeling and testing business processes and requirements
  • Thinks outside the box of current industry standards to develop innovative approaches
  • Maintains and continuously enhances capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks


Global Risk Analytics (GRA) is a sub-line of business within Global Risk Management (GRM), responsible for developing a consistent and coherent set of models, analytical tools, and tests for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure the capabilities it builds address both internal and regulatory requirements, and are responsive to the changing nature of portfolios, economic conditions, and emerging risks. In executing its activities, GRA drives innovation, process improvement and automation.

Job Profile Summary:
This job is responsible for obtaining an understanding of bank processes - including underlying data, flows, and controls - and designing and implementing technical solutions to enhance Global Risk Management's (GRM) data, testing, and analytical capabilities.

Key responsibilities include collaborating with process owners, risk managers, and technologists to assess current state processes, underlying data, process flows and risks. Job expectations include building domain-specific expertise in bank processes and data, and applying a combination of software engineering, big data, data science and risk management skills to drive the technical solution implementation and automate processes.

Responsibilities:
  • Analytical Thinking & Risk Management: Apply critical thinking, sound judgment, risk management principles to understand business processes, controls, and risks to influence appropriate designs for technical solutions to business problems.
  • Stakeholder Engagement & Communication: Partner with process owners, data owners, Front Line Units, Technology teams, and other stakeholders to understand business requirements and build understanding of the firms processes and technology landscape.
  • Solution Development & Engineering: Leverage programming expertise, software development lifecycle (SDLC) principles, and AI development patterns to build and document scalable analytical solutions that support business objectives, regulatory requirements, and operational efficiency.
  • Data Engineering & Analytics: Source, validate, and analyze data while designing scalable data pipelines and analytical solutions across large and complex datasets. Apply quantitative and analytical techniques to identify trends, assess risk.
  • AI Governance & Operational Excellence: Understand governance, security, observability, and auditability control requirements for AI-enabled solutions including continuous monitoring of performance. Develop understanding on how to drive process optimization, and enhance solution effectiveness through testing, feedback loops, automation, and responsible AI adoption.


Minimum Education Requirements:
  • Bachelor's degrees or above in fields including but not limited to: Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science (or equivalent work experience)


Required Skills:
  • Analytical Thinking & Problem Solving: Applies structured thinking, quantitative analysis, and sound judgment to solve business, risk, data, and technology challenges.
  • Communication & Stakeholder Management: Effectively communicates complex technical concepts to different audiences and able to build strong partnerships across stakeholders.
  • Software Engineering & AI Development: Demonstrated strong programming skills (e.g., Python), analytical and problem-solving, digital fluency, and exposure to AI technologies, including large language models (LLMs), agentic AI concepts, or AI-assisted development tools through coursework, internships, personal projects, or professional experience.
  • Data Engineering & Analytics: Experience working with structured and unstructured data, SQL, APIs, and databases to source, analyze, and integrate data while solving analytical problems.


Skills:
  • Analytical Thinking
  • Critical Thinking
  • Oral Communications
  • Prioritization
  • Written Communications
  • Attention to Detail
  • Change Management
  • Collaboration
  • Presentation Skills


Minimum Education Requirement: Bachelor's degree in related field or equivalent work experience

Hours Per Week:
40

Travel Required:
No

Pay Transparency details

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

Pay and benefits information

Pay range

$67,500.00 - $126,500.00 annualized salary, offers to be determined based on experience, education and skill set.

Predictable pay

This role is compensated with a base salary and is not incentive eligible.

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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