Bank of America Corporation

Quantitative Operations Associate

Bank of America Corporation$84K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master’s degree in industrial engineering, operations research, or a related STEM field.
  • Proficiency with Microsoft Excel, PowerPoint, and VBA.
  • Experience querying databases using SQL.
  • Experience developing and implementing discrete-event simulation and optimization models.
  • Experience using GitHub Copilot to accelerate model development.
  • Strong problem-solving and collaboration skills.
  • Excellent written and verbal communication skills.

Responsibilities

  • Develops and maintains models for volume forecasts and capacity plans.
  • Drives consistency in model development across peer groups.
  • Conducts model performance presentations with executive leadership.
  • Ensures adherence to Model Risk Management requirements.
  • Supports ongoing model monitoring for improved forecasting performance.

Benefits

  • Industry-leading benefits package
  • Access to paid time off
  • Resources and support for employee development
  • Opportunities to contribute to business sustainability
  • Participation in annual discretionary incentive plan
Full Job Description

Job Description:

The Global Operations Resource Analytics team is seeking a quantitative professional to develop and implement models for volume forecasting, capacity planning, workforce scheduling, scenario analysis, and operational performance reporting.

This role applies advanced analytical methods to real-world business challenges and translates findings into practical, data-driven recommendations.

Responsibilities:

  • Develops and maintains models for the line of business, including volume forecasts, capacity plans, and vendor models
  • Drives horizontal consistency in model development and usage across peer groups
  • Conducts routine model production and performance presentations with executive leadership
  • Ensures adherence to Model Risk Management (MRM) requirements
  • Supports ongoing model monitoring to improve forecasting performance and efficiency

Required Qualifications::

  • Master’s degree in industrial engineering, operations research, or a related STEM field.
  • Proficiency with Microsoft Excel, PowerPoint, and VBA.
  • Experience querying databases using SQL.
  • Experience developing and implementing discrete-event simulation and optimization models.
  • Experience using GitHub Copilot to accelerate model development and formulate heuristics.
  • Strong problem-solving and collaboration skills.
  • Demonstrated ability to apply quantitative methods to business problems.
  • Ability to work effectively through ambiguity, complexity, and change.
  • Excellent written and verbal communication skills.

Preferred Qualifications:

·       Experience in capacity planning, financial planning, or quantitative modeling.·       Proficiency with Arena or comparable discrete-event simulation software.·       Proficiency with Gurobi or comparable optimization software.·       Experience with Python, SAS, SQL, and data mining.·       Banking analytics and modeling experience, particularly in volume forecasting and capacity or resource optimization.·       Experience developing models under model risk management standards and governance requirements.·       Knowledge of linear regression, time-series analysis, and other statistical modeling techniques.

Skills:

  • Analytical Thinking
  • Business Intelligence
  • Data Modeling
  • Data Visualization
  • Data and Trend Analysis
  • Attention to Detail
  • Collaboration
  • Data Management
  • Data Mining
  • Presentation Skills
  • Consulting
  • Problem Solving
  • Risk Management
  • Stakeholder Management
  • Technical Documentation

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)

Pay and benefits information

Pay range

$84,600.00 - $130,800.00 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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