1 day old

Senior Quantitative Finance Analyst

Atlanta, GA
  • Job Code
Company Bank of America

Job Title Senior Quantitative Finance Analyst

Jobid bankofamerica-17062627AtlantaGA

Location: Atlanta, GA, 30309, USA

Description **Job Description:**

Review and implement pricing models utilizing knowledge of probability theory, derivative pricing theory, stochastic calculus and various programming languages including VBA, Python and C++. Analyze all aspects of model and market risks. Use experience and market/product knowledge to identify and assess the appropriateness of the models’ key underlying assumptions. Derive models’ reserve requirements. Create documentation for all activities. Assist in the review of control procedures and development of written policies and procedures for risk management purposes.

General Job Description:

Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellentquantitative/analyticskills and are able to influence strategic direction, as well as develop tactical plans.

Responsibilities may include:

+ Validate mortgages and securitization product pricing models developed by Front Office Quant Group.

+ Review the underlying assumptions, theory, derivation, empirical evidence, implementation and limitations of the model being validated.

+ Identify, quantify and follow model risk associated with the model being validated

+ Develop benchmark models for model review and model risk management purposes.

+ Prepare validation report and technical documents for the model being validated.

+ Assist market risk managers on trade approvals and finance on price verification methodologies.

+ Help on maintaining model inventory and conducting ongoing model performance monitoring

Required Skills

+ Masters or foreign equivalent in Computational Finance, Mathematics, Statistics, Physics or related fields.

+ 2+ years’ experience in financial markets.

+ Familiarity with mortgages and securitization market and products.

+ Previous experience as either model developer or validator in mortgage rates, prepayments, delinquencies and foreclosures modeling is a must.

+ Comprehensive knowledge in statistical analysis; time series analysis; Markov chain transition models and predictive modeling.

+ Experienced in mathematical package SAS, Matlab or R.

+ The candidate must have graduate-level research experience or coursework in the following: derivatives modeling; stochastic calculus; Partial Differential Equations; Statistics; Probability; Real Analysis; Numerical Analysis; Monte Carlo Methods.

Desired Skills:

+ PhD or foreign equivalent in Computation Finance, Mathematics, Statistics, Physics or related degree

+ Strong oral and written communication skills

**Posting Date** : 09/15/2017

**Location** :

Atlanta, GA, Atlanta Plaza, 600 Peachtree St NE,

- United States

**Travel** : Yes, 5% of the time

**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**

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.

Success begins with building relationships.

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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Senior Quantitative Finance Analyst

Bank of America
Atlanta, GA

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Atlanta, GA

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