Bank of America Corporation

Quantitative Finance Analyst

Bank of America Corporation • $95K — $115K *
Newark, OH 43055In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's degree in Finance, Economics, Business, Mathematics, Statistics, Engineering, Computer Science, or related quantitative field; advanced degree and/or CFA progress preferred.
  • Strong quantitative, analytical, and problem-solving capabilities.
  • Knowledge of financial markets, macroeconomics, and risk management principles.
  • Advanced Excel skills and experience with statistical or programming tools (e.g., Python, SAS, R, SQL).
  • Ability to translate complex analytical findings into recommendations.
  • Excellent written and verbal communication skills for engaging both technical and executive audiences.
  • Demonstrated ability to manage multiple priorities in a fast-paced, collaborative environment.

Responsibilities

  • Perform end-to-end market risk stress testing including scenario design and implementation.
  • Support planning of quantitative work priorities aligned with banking strategies.
  • Identify improvements in model development and validation through critical feedback.
  • Support model development and risk management in relevant focus areas.
  • Provide methodological and analytical guidance to influence strategic directions.
  • Collaborate with stakeholders and senior management on submissions and validation outcomes.
  • Conduct statistical analysis on large datasets, interpreting results qualitatively and quantitatively.

Benefits

  • Expand Advanced Analytics team's capacity to deliver risk insights.
  • Enhance forecasting and portfolio analytics capabilities.
  • Support regulatory and governance requirements.
  • Strengthen data-driven decision making across various business partners.
Full Job Description
Job Description:

This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities:
  • Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
  • Supports the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritization
  • Identifies 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
  • Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
  • Supports 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
  • Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
  • Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches


This role expands the Advanced Analytics team's capacity to deliver strategic risk insights, enhance forecasting and portfolio analytics capabilities, support regulatory and governance requirements, and strengthen data-driven decision making across Scenario & Enterprise Risk Analytics and its business partners.

This role is critical to expanding our ability to deliver forward-looking risk analytics, portfolio insights, and decision-support capabilities that support Enterprise Credit Risk and other business partners. The position will help strengthen our capacity to identify emerging risks and opportunities, enhance forecasting and model overlay processes, and develop innovative analytical solutions that drive informed business decision-making.

Key Responsibilities:
  • Develop and deliver forward-looking risk analytics, portfolio assessments, and decision-support tools.
  • Analyze model results, portfolio performance, and emerging risk trends, translating findings into actionable business insights.
  • Support forecasting processes and model overlays through quantitative, economic, and financial analysis.
  • Monitor macroeconomic, industry, and client-specific developments to assess portfolio impacts.
  • Design and enhance analytical methodologies, tools, and reporting capabilities that improve risk identification and portfolio monitoring.
  • Partner with Risk, Business, Technology, and Analytics teams to deliver scalable solutions and operational capabilities.
  • Communicate complex analytical findings to senior leadership, governance stakeholders, and regulatory audiences.


Required Qualifications:
  • Master's degree in Finance, Economics, Business, Mathematics, Statistics, Engineering, Computer Science, or related quantitative field; advanced degree and/or CFA progress preferred.
  • Strong quantitative, analytical, and problem-solving capabilities.
  • Knowledge of financial markets, macroeconomics, and risk management principles.
  • Advanced Excel skills and experience with statistical or programming tools (e.g., Python, SAS, R, SQL).
  • Ability to translate complex analytical findings into clear, actionable recommendations.
  • Excellent written and verbal communication skills with the ability to engage both technical and executive audiences.
  • Demonstrated ability to work effectively in a fast-paced, collaborative environment while managing multiple priorities.


Skills:
  • Critical Thinking
  • Quantitative Development
  • Risk Analytics
  • Risk Modeling
  • Technical Documentation
  • Adaptability
  • Collaboration
  • Problem Solving
  • Risk Management
  • Test Engineering
  • Data Modeling
  • Data and Trend Analysis
  • Process Performance Measurement
  • Research
  • Written Communications


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

Hours Per Week:
40
Travel Required:
No

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
Finance & Insurance
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ
BAC
* Ladders Estimates

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