1+ months

Quantitative Finance Analyst

Jersey City, NJ 07308
Quantitative Finance Analyst

Jersey City, New Jersey

**Job Description:**

Responsible for independently conducting quantitative analytics and modeling projects. Responsible for developing new models, analytic processes or systems approaches. Creates documentation for all activities and works with Technology staff in design of any system to run models developed. Work as a part of a team to develop or enhance loss forecasting models to improve risk management capability and support stress testing processes. Pro-actively seeks out work and add value to existing models/processes. Produce clear and coherent technical documentation for internal and regulatory purposes. Take ownership to deliver results and meet critical deadlines.

Required Skills:

Highly numerical degree (PhD level preferred, Masters required) in Statistics, Financial Mathematics, Mathematics, Physics or Engineering

3+ years of work experience

Meaningful work experience focused on maintaining & developing quantitative models and handling large data sets

Strong technical writing and clear verbal communication skills are must have.

Experience of working under pressure and delivering to tight deadlines

Technical skills: Statistics, Probability Theory, Econometrics, Financial Mathematics

Strong programming skills; SQL, Python, VBA, LaTex

Proven leadership abilities, working across organizational lines

Knowledge of Probabilities / Statistics

Ability to multitask and properly prioritize multiple projects.

Desired Skills:

Prior experience with credit risk analytics.

Relevant work experience consumer mortgage credit or other financial products.

Prior Credit Risk Management, Modeling and/or Finance experience.

Knowledge of regulatory guidelines and stress testing including CCAR, DFAST, and regulatory Capital in Banking industry.


1st shift (United States of America)

**Hours Per Week:**


Full time


Manages People: No

Travel: No

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: 2019-12-08 Expires: 2020-03-06

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At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.

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Quantitative Finance Analyst

Bank of America
Jersey City, NJ 07308

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