Vice President / Quantitative Finance Analyst – NR

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:

• Apply quantitative models and techniques in order to address and resolve concrete financial problems and develop new granular capabilities that meet risk management, line of business, and regulatory requirements.

• Articulate the overall holistic picture of model performance, with clear conclusions regarding accuracy and remediation areas as required.

• Apply quantitative rates analytics, risk management techniques, fixed income and derivative valuation to support various business lines, such as Swaps, Treasury, and Inflation.

• Identify and apply new statistical and econometric techniques to support enhanced granularity of risk management capabilities via elevated intellectual curiosity with acute sense of innovation.

• Perform risk quantification of portfolio, financial engineering, quantitative financial modeling, risk management, and/or trading support.

• Perform in‐depth analysis on the Bank’s risk model results using various quantitative tools such as back testing, benchmarking, sensitivity analysis.

• Perform quantitative analysis using advanced techniques and tools, such as, statistical analysis, predictive and financial modeling, linear regressions, SAS, R, and Matlab in Securitized Products.

• Utilize Python for data cleaning, analysis and performing statistic models for predictions.

• Apply stochastic calculus to price and risk manage interest rates derivatives.

• Utilize Visual Studio to code and develop models in C .

• Develop IR derivatives pricing library including instruments pricing, curve building, vol surface construction.

• Provide quant support on all IR derivative related issues including pricing, convexity adjustment, and sensitivity calculation.

Required Skills & Experience:

• Master's degree or equivalent in Mathematics, Statistics, Finance, Economics, or related; and

• 3 years of experience in the job offered or a related finance occupation.

• Must include 3 years of experience in each of the following:

• Applying stochastic calculus to price and risk manage interest rates derivatives;

• Utilizing Visual Studio to code and develop models in C ;

• Developing IR derivatives pricing library including instruments pricing, curve building, vol surface construction; and,

• Providing quant support on all IR derivative related issues including pricing, convexity adjustment, and sensitivity calculation.

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.

Employer:  BofA Securities, Inc.

Shift:

Hours Per Week: 

Salary : $200,000 - $225,000