Senior Quantitative Finance Analyst

at  Bank of America

JOB DESCRIPTION:

Job Title: Senior Quantitative Finance Analyst
Corporate Title: Up to Director
Location: Bromley

SKILLS THAT WILL HELP:

• Experience in the areas of Credit risk modelling, Climate modelling, Capital modelling, loss forecasting preferred
• Knowledge of regulatory guidelines including CCAR, CECL, DFAST, ICAAP.
• Ability to engage with stakeholders, with an ability to work with colleagues in other functions (business, risk and model validation)

ROLE DESCRIPTION:

This job is responsible for conducting quantitative analytics and modelling projects for specific business units or risk types. Key responsibilities include supporting the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.

RESPONSIBILITIES:

• Performing end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and assesses stress scenario results to better understand key drivers
• Supporting the planning related to setting quantitative work priorities in line with the bank’s overall strategy and prioritization
• Identifying continuous improvements through reviews of approval conclusions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
• Maintaining and providing oversight of model development in respective focus areas to support business requirements and the enterprise’s risk capacity
• Provides methodological and technical guidance to effectively question and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
• Working closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
• Performing statistical evaluations on large datasets and interprets results using both qualitative and quantitative approaches