1+ months

Quantitative Services Sr Professional (UMR) - Chicago, IL

Chicago, IL 60664
**Job Description:**

The Quantitative Services Uncleared Margin Rule (UMR) Professional is a member of the team responsible for maintaining the stability of business processes and controls needed to ensure the firms initial margin (IM) calculations are accurate and consistent with Dodd-Franks Uncleared Margin Rules (UMR). The candidate will be responsible for various deliverables which must be executed in a timely yet accurate fashion.


Review and verify the model inputs feeding the IM calculations

Identify, document and escalate production errors detected during pre and post-calculation routines

Perform periodic controls which exist to prevent and mitigate erroneous IM calculations

Work directly with the front office and technology teams on issues discovered through technology testing and daily control procedures

Assist with the testing and validation of IM results through each technology release

Identify and establish control processes that will mitigate future IM calculation errors

Perform daily and ad-hoc reporting to measure and monitor key metrics for the UMR BAU space

Provide enhanced analysis and IM explains to front office and collateral operations teams when counterparty disputes arise for IM calculations


University degree or higher in Computer Science, Mathematics, Financial Engineering, Economics or related quantitative field

**5+ years** of experience working in a quantitative risk, middle office, or front office role

Python programming experience

Knowledge of Financial Risk Management, Credit Risk Models, Value at Risk (VaR) including market & credit risk

Excellent communication & analytical skills

Experience working with OTC derivatives/Fixed Income

**Desired Skills:**

CFA and/or FRM is a plus

Knowledge of the current banking regulatory environment

**Posting Date** : 08/08/2019

**Location** :

Chicago, IL, 135 S LA SALLE ST (IL4135),

- United States

**Travel** : No

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

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**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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  • Banking / Finance
Posted: 2019-08-12 Expires: 2019-09-28

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Quantitative Services Sr Professional (UMR) - Chicago, IL

Bank of America
Chicago, IL 60664

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