Bank of America Corporation

Quantitative Engineer

Bank of America Corporation$90K — $155K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in fields like Mathematics, Computer Science, Data Science, or equivalent experience
  • 2+ years in software engineering, ideally in Quantitative Finance or related areas
  • Proficient in Python and software development best practices
  • Solid experience in data handling with structured and unstructured data, SQL, APIs, and databases
  • Strong understanding of AI development and governance practices

Responsibilities

  • Develops capabilities using quantitative methods to meet business and regulatory requirements
  • Evaluates financial data schemas, flow, and controls
  • Creates efficient big data pipelines to enhance operational performance
  • Delivers high-quality code by applying software development lifecycle principles
  • Engages with stakeholders to understand and address analytical requirements
  • Innovates beyond standard practices to propose fresh solutions
  • Continuously enhances existing capabilities to adapt to evolving risks and opportunities

Benefits

  • Access to industry-leading benefits
  • Paid time off for work-life balance
  • Resources and support for personal and professional growth
  • Opportunities to contribute to community initiatives
  • Participation in annual discretionary incentive plans
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 building subject matter expertise in bank processes - including underlying data, flows, and controls - and driving the technology evolution in those processes including designing and implementing technical solutions leveraging modular, reusable software components 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, and to design the future state technology solutions leveraging both traditional and AI based solutions. Job expectations include becoming domain-specific subject matter expert in bank processes and data, and applying a combination of software engineering, big data, data science and risk management skills to drive 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 determine 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, influence outcomes, communicate technical designs, and impact of solutions to audiences ranging from practitioners to senior executives.

  • Solution Development & Engineering: Leverage programming expertise, software development lifecycle (SDLC) principles, and AI development patterns to design, build, document, and deploy 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, and enhance the firm’s data architecture.

  • AI Governance & Operational Excellence: Implement governance, security, observability, and auditability controls for AI-enabled solutions while continuously monitoring performance, driving process optimization, and enhancing 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)

  • At least 2 years of relevant experience in software engineering in Quantitative Finance or other industries

Required Skills:

  • Analytical Thinking & Problem Solving: Applies structured thinking, quantitative analysis, and sound judgment to solve complex business, risk, data, and technology challenges while driving continuous improvement and innovation.

  • Communication & Stakeholder Management: Effectively communicates complex technical concepts to different audiences and able to build strong partnerships across stakeholders.

  • Software Engineering & AI Development: Demonstrates proficiency in Python and software development best practices, including SDLC, testing frameworks, design patterns, performance optimization, and the development of AI-enabled solutions using modern LLM platforms, agent frameworks, RAG, and MCP patterns.

  • Data Engineering & Analytics: Strong experience working with structured and unstructured data, SQL, APIs, and databases to source, analyze, and integrate data while solving complex analytical problems at scale.

  • AI Governance & Performance Monitoring: Applies responsible AI practices and evaluates AI solution performance through monitoring, testing, reliability measurement, scalability assessments, and continuous optimization of cost, quality, and user outcomes.

  • Business & Regulatory Knowledge: Demonstrates knowledge of banking processes, risk management principles, and regulatory requirements, applying business context to deliver effective and compliant solutions.

Skills:

  • Critical Thinking

  • Data Modeling

  • Process Effectiveness

  • Risk Modeling

  • Test Engineering

  • Influence

  • Oral Communications

  • Prioritization

  • Relationship Building

  • Written Communications

  • Attention to Detail

  • Change Management

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

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

$90,000.00 - $155,500.00 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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