Bank of America Corporation

Vice President; Quantitative Finance Analyst

Bank of America Corporation$125K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Quantitative & Computational Finance, Applied Mathematics, Statistics, Finance, or related field.
  • 2 years of experience in a quantitative role, including the job offered.
  • Experience in developing and utilizing financial models, including stochastic and statistical modeling theory.
  • Proficiency in object-oriented programming for analytics libraries.
  • Experience in conducting model calibration with optimization theory.
  • Experience with pricing financial products and derivatives.

Responsibilities

  • Research and apply quantitative techniques to solve pricing and risk management issues.
  • Enhance and refine C++ and Python pricing libraries for accuracy and efficiency.
  • Troubleshoot valuation issues in MSR and Hedge Asset portfolios' overnight processes.
  • Participate in code reviews to maintain high coding standards.
  • Collaborate with Model Risk Management to test and document model implementations.
  • Research methods to refine QF models and enhance Treasury group support.
  • Potential for remote work, contingent on commutable distance to worksite.

Benefits

  • Opportunity to work remotely within a commutable distance.
  • Involvement in a collaborative, code-focused environment.
  • Exposure to advanced quantitative techniques in finance.
  • Opportunity to work with cutting-edge financial modeling tools.
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:
  • Research and apply quantitative techniques in finance, applied mathematics, and computer science to solve market-driven pricing and risk management problems.
  • Refine and extend the Quantitative Finance ("QF") C++ and Python pricing libraries to ensure accuracy, efficiency, and robustness.
  • Troubleshoot issues that arise in the overnight process for valuing the MSR Asset and Hedge Asset portfolios.
  • Participate in code reviews to ensure high-quality coding standards are maintained in our pricing libraries.
  • Collaborate with Model Risk Management operations to test model implementations and to document model details per Bank standards.
  • Research methods of extending the QF group of models to refine and improving ability to serve the overall Treasury group.
  • Remote work may be permitted within a commutable distance from the worksite.


Required Skills & Experience:
  • Master's degree or equivalent in Quantitative & Computational Finance, Applied mathematics, Statistics, Finance, or related: and
  • 2 years of experience in the job offered or a related Quantitative occupation.
  • Must include 2 years of experience in each of the following:
  • Developing and utilizing financial models and their extensions, including stochastic and statistical modeling theory;
  • Designing and implementing object-oriented programming techniques in the construction of analytics libraries;
  • Conducting model calibration with respect to optimization theory;
  • Using backward pricing for financial products and derivatives, such as fixed income and mortgage products; and,
  • Performing risk analysis and attributing for modeling results.


If interested apply online at www.bankofamerica.com/careers or email your resume to [redacted] and reference the job title of the role and requisition number.

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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