Quantitative Finance Analyst

Job Description

As part of the team at Bank of America, your role will involve producing the Risk Not in VaR (RNiV) results for market risk monitoring. You will collaborate with Global Risk Market Analytics (GMRA), Global Markets Risk (GMR), and technology teams to source and prepare model inputs, conduct input quality controls, run RNiV calculations, and analyze results. Your active engagement with Risk Managers will involve preparing change commentary and conducting ad-hoc analysis to support market risk management across the bank.**Responsibilities:**- Execute quarterly and monthly RNiV calculations for all legal entities, covering the end-to-end process from data sourcing to sign-off- Identify, analyze, and monitor risk factor drivers to explain results to business partners- Engage with Risk Managers for change commentary preparation and ad-hoc analysis- Create and maintain documentation for all activities in the RNiV execution process- Understand the core methodology of calculations and identify opportunities for process or methodology improvement- Develop, debug, and maintain Python code for automating the production process and model executions**Requirements:**- **Education:** Degree in Finance, Math, Economics, Physics, or Engineering- **Experience Range:** 9 to 12 years- Analytical background with a strong attention to detail- Experience working in Market Risk and understanding of Market Risk RNIV and Capital Models- Good written and oral communication, interpersonal, and organizational skills- Ability to build and maintain relationships across areas and regions- Understanding of the financial industry and regulatory environment- Broad financial product knowledge- Experience in data analysis with excellent research and analytical skills**Desired Skills:**- Proficiency in programming languages such as SQL, Python, or RAt Bank of America, your contributions will be crucial to supporting market risk management and driving Responsible Growth. Join us in our mission to make financial lives better through every connection. As part of the team at Bank of America, your role will involve producing the Risk Not in VaR (RNiV) results for market risk monitoring. You will collaborate with Global Risk Market Analytics (GMRA), Global Markets Risk (GMR), and technology teams to source and prepare model inputs, conduct input quality controls, run RNiV calculations, and analyze results. Your active engagement with Risk Managers will involve preparing change commentary and conducting ad-hoc analysis to support market risk management across the bank.**Responsibilities:**- Execute quarterly and monthly RNiV calculations for all legal entities, covering the end-to-end process from data sourcing to sign-off- Identify, analyze, and monitor risk factor drivers to explain results to business partners- Engage with Risk Managers for change commentary preparation and ad-hoc analysis- Create and maintain documentation for all activities in the RNiV execution process- Understand the core methodology of calculations and identify opportunities for process or methodology improvement- Develop, debug, and maintain Python code for automating the production process and model executions**Requirements:**- **Education:** Degree in Finance, Math, Economics, Physics, or Engineering- **Experience Range:** 9 to 12 years- Analytical background with a strong attention to detail- Experience working in Market Risk and understanding of Market Risk RNIV and Capital Models- Good written and oral communication, interpersonal, and organizational skills- Ability to build and maintain relationships across areas and regions- Understanding of the financial industry and regulatory environment- Broad financial product knowledge- Experience in data analysis with excellent research and analytical skills**Desired Skills:**- Proficiency in programming languages such as SQL, Python, or RAt Bank of America, your contributions will be crucial to supporting market risk management and driving Responsible Growth. Join us in our mission to make financial lives better through every connection.

Keyskills :
Market RiskRisk ManagementPythonSQLAnalytical backgroundFinancial ResearchAnalysis