1+ months

Quantitative Finance Analyst - Charlotte, NC

Charlotte, NC 28230
Quantitative Finance Analyst - Charlotte, NC

Charlotte, North Carolina

**Job Description:**

The Quantitative Finance and Analytics (QFA) team in Bank of Americas Global Banking and Markets (GBAM) Stress Testing team combines financial expertise, impactful analytics, and programming skills to quantify, summarize, and report revenue, expense, and balance sheet impacts for various economic scenarios across GBAM.

Members of the team investigate relationships between macro-economic variables and revenue streams to identify correlations that enable modeling of revenues streams. Additionally, programming and other analytical tools are used to drive model development, correlation analysis, performance testing and the automation of reporting. On a quarterly basis, all members of the QFA team run models, prepare summary results/materials, and present the results to Finance and Business partners for approval. Also, the QFA team discusses forecasts derived using complex, statistical models with both technical audiences, including statisticians and modelers, and non-technical audiences, and presents financial results in a non-technical manner to Heads of Business and Senior Management. In addition, the QFA team helps work through the model validation process and maintains process documentation, as required for internal governance or regulatory requirements.

The results are used in deliverables for the CCAR (Comprehensive Capital Analysis and Review), the Federal Reserves annual assessment of the capital adequacy for the largest most complex U.S. banks, and OCCs equivalent DFAST requirement. Both mid-year and year-end reporting is required and is completed through the compilation of FR Y-14A reporting templates and supporting documentation. In addition, analysis around forecasts is provided to key stakeholders at a higher frequency, including additional scenario testing, performance analysis, and attribution.

This is an excellent opportunity for growth, as this team interacts across all of GBAMs business units, including Lines of Business, Finance, Risk and other support partners. The Quantitative Finance Analyst will assist in stakeholder engagement, forecast methodology development, and technological/analytics enhancements across the forecasting space.

**Education and Experience Requirement**

Master's degree or equivalent in Economics, Finance, or a related quantitative field, and 2-5 years of experience with technical or quantitative projects in the financial services industry.

**Special Requirements**

Experience in each of the following is considered an asset:

+ Programming in R or Python, with a special focus on time series modeling to support running econometric models;

+ Developing scripts/code to automate reports and produce dynamic visual analytics;

+ Performing CCAR Stress Testing and utilizing methodologies to project revenue and balance sheet through quantitative/qualitative models;

+ Using strong analytical, critical thinking and problem solving skills to lead or facilitate discussions across various levels of stakeholders/support partners to drive adoption of new technologies

+ Ability to manage multiple projects at the same team and influence decision-making across an array of stakeholders


1st shift (United States of America)

**Hours Per Week:**


Learn more about this role

Full time


Manages People: No

Travel: Yes, 5% of the time


Talent Acquisition Contact:

Referral Bonus:

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .

To view the "EEO is the Law" Supplement, CLICK HERE at https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .


  • Banking / Finance
Posted: 2020-03-26 Expires: 2020-06-22

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Quantitative Finance Analyst - Charlotte, NC

Bank of America
Charlotte, NC 28230

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