13 days old

Sr. Quantitative Finance Analyst

Atlanta, GA 30309
Sr. Quantitative Finance Analyst



Charlotte, North Carolina;Jersey City, New Jersey; Atlanta, Georgia; Chicago, Illinois



**Job Description:**



Overview of Global Risk Analytics



Bank of America Merrill Lynch has an opportunity for a Senior Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard. GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities.



**Overview of Enterprise Risk Analytics**



As a part of Global Risk Analytics (GRA), Enterprise Risk Analytics (ERA) is responsible for the development of cross-business holistic analytical models and tools. ERA consists of the following teams:



Economic Scenario Generation (ESG) provides consistent and granular scenario generation capabilities for economic and market variables that enable multiple what-if outcomes for government regulators and other business uses.

Enterprise Portfolio Analytics (EPA) provides portfolio surveillance visualization tools, utilizing advanced analytics (artificial intelligence/machine learning/natural language processing), to provide decision making support around the credit cycle, geo-intelligence, and thematic what-if analyses. EPAs tools also support Enterprise strategic risk appetite and limits decisions for the banks risk and capital frameworks.

Concentration Risk provides capital estimates to support annual regulatory requirements and legal entity-level capital management using tools and techniques focused on identification, measurement, and mitigation of concentration risks across countries, regions, sectors, and industries.

Enterprise Capital Risk Analytics manages model performance monitoring and capital model issue resolution.

Compliance Modelling & Analytics supports Enterprise needs around Fair Lending and Global Financial Crimes Compliance.

Central Quantitative Group (CQG) provides sophisticated quantitative solutions for ERA clients. The group often partners with other teams within and outside GRA to provide these solutions.



**Overview of the Role**



Bank of America's Economic Scenario Generation Group is seeking to add Industry Forecast Analysts Leader to the team. The Industry Forecast analyst role combines the skill set of a research analyst and economist. This position involves working with large data sets to design, implement, execute, and maintain methodologies to forecast industry-level economic aggregates. There will be interaction with senior economists, senior equity analysts, and credit risk analysts. This job requires initiative and independent judgment to apply both quantitative and qualitative analysis. Core responsibilities will include:



Writing reports on industry-specific economic events and their impact on economic output and unemployment

Working with Credit Analysts, Research Analysts, Economists and industry thought leaders to develop key industry themes

Seeking out new, value-added, and/or unusual sources of information

Leveraging robust internal bank data sets

Identifying high frequency data sets to augment forecasts



**Responsibilities:**

Write reports on industry-specific economic events and their impact on economic output and unemployment

Work with Credit Analysts, Research Analysts, Economists and industry thought leaders to develop key industry themes

Seek out new, value-added, and/or unusual sources of information

Leverage robust internal bank data sets

Identify high frequency data sets to augment forecasts



**Job Band:**



H4



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



**Weekly Schedule:**



**Referral Bonus Amount:**



0



**Job Description:**



Overview of Global Risk Analytics



Bank of America Merrill Lynch has an opportunity for a Senior Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. GRA is a sub-line of business within Global Risk Management (GRM). GRA is responsible for developing a consistent and coherent set of models and analytical tools for effective risk and capital measurement, management and reporting across Bank of America. GRA partners with the Lines of Business and Enterprise functions to ensure that its models and analytics address both internal and regulatory requirements, such as quarterly Enterprise Stress Testing (EST), the annual Comprehensive Capital Analysis and Review (CCAR), and the Current Expected Credit Losses (CECL) accounting standard. GRA models follow an iterative and ongoing development life cycle, as the bank responds to the changing nature of portfolios, economic conditions and emerging risks. In addition to model development, GRA conducts model implementation, data management, model execution and analysis, forecast administration, and model performance monitoring. GRA drives innovation, process improvement and automation across all of these activities.



**Overview of Enterprise Risk Analytics**



As a part of Global Risk Analytics (GRA), Enterprise Risk Analytics (ERA) is responsible for the development of cross-business holistic analytical models and tools. ERA consists of the following teams:



Economic Scenario Generation (ESG) provides consistent and granular scenario generation capabilities for economic and market variables that enable multiple what-if outcomes for government regulators and other business uses.

Enterprise Portfolio Analytics (EPA) provides portfolio surveillance visualization tools, utilizing advanced analytics (artificial intelligence/machine learning/natural language processing), to provide decision making support around the credit cycle, geo-intelligence, and thematic what-if analyses. EPAs tools also support Enterprise strategic risk appetite and limits decisions for the banks risk and capital frameworks.

Concentration Risk provides capital estimates to support annual regulatory requirements and legal entity-level capital management using tools and techniques focused on identification, measurement, and mitigation of concentration risks across countries, regions, sectors, and industries.

Enterprise Capital Risk Analytics manages model performance monitoring and capital model issue resolution.

Compliance Modelling & Analytics supports Enterprise needs around Fair Lending and Global Financial Crimes Compliance.

Central Quantitative Group (CQG) provides sophisticated quantitative solutions for ERA clients. The group often partners with other teams within and outside GRA to provide these solutions.



**Overview of the Role**



Bank of America's Economic Scenario Generation Group is seeking to add Industry Forecast Analysts Leader to the team. The Industry Forecast analyst role combines the skill set of a research analyst and economist. This position involves working with large data sets to design, implement, execute, and maintain methodologies to forecast industry-level economic aggregates. There will be interaction with senior economists, senior equity analysts, and credit risk analysts. This job requires initiative and independent judgment to apply both quantitative and qualitative analysis. Core responsibilities will include:



Writing reports on industry-specific economic events and their impact on economic output and unemployment

Working with Credit Analysts, Research Analysts, Economists and industry thought leaders to develop key industry themes

Seeking out new, value-added, and/or unusual sources of information

Leveraging robust internal bank data sets

Identifying high frequency data sets to augment forecasts



**Responsibilities:**

Write reports on industry-specific economic events and their impact on economic output and unemployment

Work with Credit Analysts, Research Analysts, Economists and industry thought leaders to develop key industry themes

Seek out new, value-added, and/or unusual sources of information

Leverage robust internal bank data sets

Identify high frequency data sets to augment forecasts



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-21033346



Band: H4



Manages People: No



Travel: No



Manager:



Talent Acquisition Contact:



Jillian Teeter



Referral Bonus:



0

Industry

  • Banking / Finance
Posted: 2021-06-08 Expires: 2021-07-19

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Sr. Quantitative Finance Analyst

Bank of America
Atlanta, GA 30309

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