Vice President; Quantitative Finance Analyst

Charlotte, North Carolina

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

RESPONSIBILITIES:

• Conduct quantitative analytics and modeling projects, specifically scorecard building and PD/LGD/EAD modeling for credit-related projects.

• Develop new models, analytic processes or systems approaches.

• Create documentation for all activities and work with Technology staff in design of any system to run models developed.

• Support and improve internal team functions ranging from scorecard development, methodology development, model process engineering, model impact analysis, and model management.

• Integrate with partners in Model Risk Management (MRM), Enterprise Credit and Operational Risk, Global Risk Analytics, Balance Sheet and Capital Management, Technology, Audit and Compliance as well as Federal Reserve and Office of the Comptroller of the Currency (OCC).

• Develop regression and simulation wholesale credit risk models which support risk rating process, portfolio management, and regulatory capital using SAS and Python.

• Perform data quality check and import data onto Hadoop database by running SQL queries.

• Produce model technical documentation as well as model ongoing monitoring reports using LaTex.

• Utilize SAS and Python to execute ongoing model monitoring for wholesale capital and scorecard models.

• Analyze credit performance and financial statement data identifying relevant risk drivers and portfolio trends.

• Remote work may be permitted within a commutable distance from the worksite.

REQUIREMENTS:

• Master's degree or equivalent in Statistics, Mathematics, Computer Science, Information Technology, or related; and

• 2 years of experience in the job offered or a related quantitative occupation.

• Must include 2 years of experience in each of the following:

• Developing regression and simulation wholesale credit risk models which support risk rating process, portfolio management, and regulatory capital using SAS and Python;

• Performing data quality check and importing data onto Hadoop database by running SQL queries;

• Producing model technical documentation as well as model ongoing monitoring reports using LaTex;

• Utilizing SAS and Python to execute ongoing model monitoring for wholesale capital and scorecard models; and,

• Analyzing credit performance and financial statement data identifying relevant risk drivers and portfolio trends.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

Salary: $135,000 - $150,000 per year.

EMPLOYER: Bank of America N.A.

Shift:

1st shift (United States of America)

Hours Per Week:

40

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.

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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 America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.