Assistant Vice President; Quantitative Finance Analyst Chicago, Illinois **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Chicago/Assistant-Vice-President--Quantitative-Finance-Analyst\_25032507) **Job Description:** At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! **RESPONSIBILITIES:** + Develop, test, document, and maintain counterparty credit risk model, including risk factor simulation models, pricing models, aggregation models as well as back testing methodology. + Support the counterparty credit risk platform, including investigation and resolution of model-related system issues and practical quantitative support to model users. + Perform model enhancement, performance testing and documentation to remediate internal and external requirements. + Identify common themes across global markets along with improvement initiatives. + Communicate the results analysis to all model stakeholders including risk management, model development, model risk, senior management and our regulators. + Support model development in confirming remediation of model issues prior to their being taken live. + Drive incremental improvement to our model performance assessment tool set across all business areas. + Analyze and evaluate large and complex economic and financial datasets with analytical tools of Python, SQL and R. + Use big data technologies SQL to handle large volumes of data produced by complex financial risk models. + Analyze portfolio risk with derivative pricing and stochastic calculus in order to estimate losses of traded products within margined portfolios. + Implement testing of financial models for use in model validation submissions. + Remote work may be permitted within a commutable distance from the worksite. **REQUIREMENTS:** + Master's degree or equivalent in Finance, Statistics, Mathematics, Financial Mathematics, or related and + 1 year of experience in the job offered or a related Quantitative occupation. + Must include 1 year of experience in each of the following: + Analyzing and evaluating large and complex economic and financial datasets with analytical tools of Python, SQL and R; + Using big data technologies SQL to handle large volumes of data produced by complex financial risk models; + Analyzing portfolio risk with derivative pricing and stochastic calculus in order to estimate losses of traded products within margined portfolios; and, + Implementing testing of financial models for use in model validation submissions. If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number. **EMPLOYER:** Bank of America N.A. **Shift:** 1st shift (United States of America) **Hours Per Week:** 40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE . Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.