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Sr. Quantitative Finance Analyst

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Bank of America

2021-12-03 13:00:03

Job location Jersey City, New Jersey, United States

Job type: fulltime

Job industry: Banking & Financial Services

Job description

Job Description:

Role responsibilities:

• Design, estimation, and execution of consumer behavioral models.
• Lead efforts in development of new models, analytic processes or system approaches.
• Responsible for independently conducting quantitative analytics and complex modeling projects.
• Create documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess strong quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans. In addition to having strong quantitative skills, this candidate must also have strong communication skills as they will work closely with senior management and internal business units who use these models.
• Application of analytical tools to assess risks to enterprise under stress, to design optimal strategies around pricing and originations, and to create integrated frameworks to assess interest revenues, non-interest revenues and credit losses in a consistent fashion.
• Identify risks proactively and frame the range of potential outcomes for risks that are hard to model.
• Integrate seamlessly in a global organization of analytical associates dedicated to best in class modeling and analysis in support of world class risk management capabilities and culture.

Required and desired skills/qualifications:

• Minimum of 5-7+ years of experience working in developing quantitative models
• Deep knowledge of banking products and services on consumer businesses like Credit Card/Deposit/Merchant Services/Fraud Detection
• Model development experience in major financial institution
• Ability to advise management on use of proper quantitative methods
• Experiences with statistical/financial modeling techniques (Multi factor regression, Time Series Models and AI/ML techniques)
• Exceptional academic background in a quantitative discipline and strong working experience

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

-->

Job Description:

Role responsibilities:

• Design, estimation, and execution of consumer behavioral models.
• Lead efforts in development of new models, analytic processes or system approaches.
• Responsible for independently conducting quantitative analytics and complex modeling projects.
• Create documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess strong quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans. In addition to having strong quantitative skills, this candidate must also have strong communication skills as they will work closely with senior management and internal business units who use these models.
• Application of analytical tools to assess risks to enterprise under stress, to design optimal strategies around pricing and originations, and to create integrated frameworks to assess interest revenues, non-interest revenues and credit losses in a consistent fashion.
• Identify risks proactively and frame the range of potential outcomes for risks that are hard to model.
• Integrate seamlessly in a global organization of analytical associates dedicated to best in class modeling and analysis in support of world class risk management capabilities and culture.

Required and desired skills/qualifications:

• Minimum of 5-7+ years of experience working in developing quantitative models
• Deep knowledge of banking products and services on consumer businesses like Credit Card/Deposit/Merchant Services/Fraud Detection
• Model development experience in major financial institution
• Ability to advise management on use of proper quantitative methods
• Experiences with statistical/financial modeling techniques (Multi factor regression, Time Series Models and AI/ML techniques)
• Exceptional academic background in a quantitative discipline and strong working experience

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description: Role responsibilities:

• Design, estimation, and execution of consumer behavioral models.
• Lead efforts in development of new models, analytic processes or system approaches.
• Responsible for independently conducting quantitative analytics and complex modeling projects.
• Create documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess strong quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans. In addition to having strong quantitative skills, this candidate must also have strong communication skills as they will work closely with senior management and internal business units who use these models.
• Application of analytical tools to assess risks to enterprise under stress, to design optimal strategies around pricing and originations, and to create integrated frameworks to assess interest revenues, non-interest revenues and credit losses in a consistent fashion.
• Identify risks proactively and frame the range of potential outcomes for risks that are hard to model.
• Integrate seamlessly in a global organization of analytical associates dedicated to best in class modeling and analysis in support of world class risk management capabilities and culture.

Required and desired skills/qualifications:

• Minimum of 5-7+ years of experience working in developing quantitative models
• Deep knowledge of banking products and services on consumer businesses like Credit Card/Deposit/Merchant Services/Fraud Detection
• Model development experience in major financial institution
• Ability to advise management on use of proper quantitative methods
• Experiences with statistical/financial modeling techniques (Multi factor regression, Time Series Models and AI/ML techniques)
• Exceptional academic background in a quantitative discipline and strong working experience Shift:

1st shift (United States of America)

Hours Per Week:

40

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