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Sr Quantitative Finance Analyst - Job Opportunity at Bank of America

Charlotte, US
Full-time
Senior
Posted: April 18, 2025
On-site
USD 140,000 - 180,000 per year based on location, seniority, and current market conditions for quantitative finance roles at major financial institutions

Benefits

Competitive healthcare and wellness programs with focus on physical and emotional wellbeing
Performance-based compensation structure aligned with industry standards
Professional development and learning opportunities
Financial wellness programs reflecting the company's core business
Work-life balance initiatives with flexible scheduling options

Key Responsibilities

Lead end-to-end market risk stress testing including scenario design and implementation
Guide strategic quantitative work priorities aligned with bank's overall strategy
Oversee model development and risk management processes
Provide technical leadership and methodological guidance for validation projects
Drive continuous improvement through critical analysis of model development
Manage stakeholder communications and strategic reporting
Conduct advanced statistical analysis on complex datasets

Requirements

Education

Master's degree in related field or equivalent work experience

Experience

3+ years (2+ years with a PhD) of experience in model development, statistical work, data analytics or quantitative research

Required Skills

Critical Thinking Quantitative Development Risk Analytics Risk Modeling Technical Documentation Adaptability Collaboration Problem Solving Risk Management Test Engineering Data Modeling Data and Trend Analysis Process Performance Measurement Research Written Communications
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are increasingly focusing on advanced risk modeling capabilities due to evolving regulatory requirements and market complexity The integration of machine learning and AI in quantitative finance is driving demand for hybrid skills combining traditional financial modeling with modern data science ESG considerations are becoming integral to risk modeling and stress testing frameworks Cloud computing and distributed computing are transforming the scale and scope of quantitative analysis capabilities

Role Significance

Typically part of a specialized quantitative team of 5-8 professionals, working within a broader risk management department of 30-50 people
Senior individual contributor role with significant influence on risk management strategies and model development direction

Key Projects

Development and implementation of enterprise-wide stress testing frameworks Integration of advanced machine learning techniques into existing risk models Design of new quantitative methodologies for emerging risk types Strategic enhancement of model validation processes

Success Factors

Deep expertise in both traditional statistical methods and modern machine learning approaches Ability to translate complex quantitative concepts for non-technical stakeholders Strong project management skills with focus on regulatory compliance Collaborative leadership style with ability to influence across organizational levels

Market Demand

High demand with growing emphasis on quantitative risk management capabilities across the financial sector

Important Skills

Critical Skills

Advanced statistical modeling and machine learning expertise essential for modern risk management Programming proficiency in Python/R/SAS crucial for implementing complex models Risk management knowledge fundamental for regulatory compliance Communication skills vital for translating technical concepts to business decisions

Beneficial Skills

Experience with cloud computing platforms for scalable analysis Knowledge of regulatory frameworks and compliance requirements Familiarity with ESG modeling and sustainable finance metrics Experience with distributed computing and big data technologies

Unique Aspects

Integration of machine learning with traditional risk modeling approaches
Focus on end-to-end model lifecycle management
Emphasis on stakeholder communication alongside technical expertise
Strong connection between quantitative work and business strategy

Career Growth

2-4 years in role before advancement, depending on performance and organizational growth

Potential Next Roles

Head of Quantitative Risk Director of Model Development Chief Risk Officer Quantitative Strategy Lead

Company Overview

Bank of America

Bank of America is one of the largest financial institutions globally, with a strong emphasis on technological innovation and risk management

Leading position in global banking with significant investment in quantitative capabilities and technology infrastructure
Charlotte hub serves as a major center for quantitative and risk management operations
Structured corporate environment with emphasis on risk management, compliance, and professional development
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