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.



**Responsibilities:**



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



**Requirements:**



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**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**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.



**Frequently Asked Questions**



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Industry

  • 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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