Bank of America Senior Quantitative Finance Analyst in Charlotte, North Carolina

Job Description:

Bank of America's Global Risk Analytics Economic Scenario Generation Team (GRA-SGT) is seeking a Sr. Quantitative Financial Analyst. Bank of America conducts economic scenario management and forecasting on a periodic basis to better understand balance sheet, earnings and capital sensitivities to certain economic and business developments, including conditions that are more severe than anticipated. This is integral to the Bank's capital, financial and strategic planning processes. A key driver of the economic scenario management process is the GRA-SGT macroeconomic model system. This system is robust and repeatable and supports the company-wide analytical process by providing an appropriately wide range of macroeconomic variable projections, grounded in historical data relationships and economics theories. A team of quantitative experts and internal economists are responsible for developing the scenarios, which are then subject to review and assessment by senior management within the Company.

As part of the GRA-SGT, the candidate will be responsible for econometric model development, implementation, backtesting, reporting and documentation. The current model coverage includes U.S. national macro-economic models, U.S. regional macro-economic models, International models, FX models, interest rates and other financial market variable models. Our work is fast-paced and intellectually challenging, and we interact daily with economists, and senior bank management to improve our models and adapt to changing business needs.

Required Skills:

  • 10+ years of quantitative modeling experience

  • 5-8 years of working experience with financial market data modeling, including variable selection, modeling, backtesting, documentation.

  • MS or PhD Degree in Economics, Econometrics, Statistics, Engineering, Mathematics, Operation Research, Finance, or related subject

  • Advanced proficiency in programming languages such as R, Python, SAS, Matlab etc.

  • Experience working in Fixed Income portfolios

  • Willingness to work under pressure to meet deadlines

  • Effective verbal and written communication skills

Desired Skills:

  • Relevant work experience in econometric modeling, especially in interest rate, curve construction, financial market, international macro-economic or FX modeling.

  • Previous CCAR, stress testing or CECL/IFRS9 working experience

  • Willingness to conduct independent research to come up with quantitative solutions

  • Experience to work with model validation teams and familiar with model governance and documentation procedures

  • Ability to multitask and properly prioritize multiple projects

Posting Date : 03/26/2018

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

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