Senior Quantitative Finance Analyst

  • Competitive
  • Chicago, IL, USA
  • Permanent, Full time
  • Bank of America Corporation
  • 27 Nov 17 2017-11-27

Job Description Bank of America Merrill Lynch is looking for a Senior Quantitative Financial Analyst in its Model Risk Management team. The successful candidate will work on the validation of models in the Global Markets area, including models for market risk, stress testing (CCAR), and prime brokerage.

~Responsibilities:
•Work closely with model developers and risk management groups
•Validate risk models for VaR, IRC/CRM, stress testing, etc.
•Review the underlying theory, assumptions, limitations, implementation and testing of the models
•Identify and quantify associated model risk
•Analyze results of ongoing monitoring of model performance
•Prepare model validation reports and technical documents
Required Skills:
•Master (PhD preferred) in a quantitative field such as mathematics, physics, statistics or operations research
•3+ years of experience in a quantitative finance role
•Cross-asset class experience a strong plus
•Strong intuition for financial markets and risks
•Strong mathematical and modeling skills
•Strong programming skills (C++ or Python a plus)
•Excellent communication skills (written and verbal)
•Strong aptitude for independent critical thinking
•Effective team player
•Very hands-on and detail oriented, “can-do” attitude