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 an 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.

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
Responsible for developing quantitative/analytic models and applications in support of the firm's risk management effort. This role focuses on the development of operations/data management policies, strategies and operational guidelines for the organization's various financial products as they relate to the analysis, tracking, and reporting of various risk metrics. This role often possesses an advanced degree in physics, applied mathematics, statistics/probability or another heavy quantitative discipline. Quantitative analytic staff is focused on and responsible for the development of the theory and mathematics behind various models. Individual Contributor and reports to Quant Operations Manager

Responsibilities:

The Global Operations Data Management and Analytics team is looking for a motivated individual with strong quantitative skills and experience in simulation modeling, operations research, and/or analytics. This individual will be responsible for developing and maintaining advanced strategic capacity models that predict operational resource demand and providing recommendations to key stakeholders.

In addition, the position will assist with efforts to ensure the capacity models adhere to Model Risk Management (MRM) standards. The ideal candidate will have a keen eye for detail, a strong sense for modeling complex operational systems, and excellent verbal and written communication skills.

Additional responsibilities include: 

Responsible for developing and maintaining capacity and resource optimization modelsHelp modernize existing capacity models using advanced simulation and optimization techniquesEvaluate new opportunities and implement changes for current capacity model inputs, processes, and outputsAssist in driving capacity modeling consistency and innovation across teamRoutinely partner with the Front Line Units (FLUs) to generate best-in-class outcomesHelp with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines

Required Skills:

Bachelor’s degree in Statistics, Applied Economics, Industrial Engineering, Mathematics, Operations Research, Advanced Analytics, Finance or other STEM field2+ years of experience in quantitative roles modeling complex systemsStrong communication and interpersonal skills - specifically the ability to communicate complex ideas in a clear and concise manner to key stakeholdersNatural curiosity and drive to answer important business questionsHigh aptitude for self-motivation and self-determined project work in a fast-paced and rapidly changing environmentFundamental understanding of, and experience with, linear regression and time-series modeling, discrete event simulation, and optimization techniquesProficient in MS Office (primarily Excel)Experience with SAS, Python, R, or similar statistical softwareExperience with Arena or similar discrete event simulation softwareExperience with SAS OR, GAMS, XPRESS, CPLEX, or similar optimization softwareAbility to work in a team-oriented environment with strong aptitude for problem solving and collaboration

Desired Skills:

Experience with Tableau or other data visualization softwareData mining experience using SQL/SAS queryingPrior Banking industry analytics and modeling experience, specifically with models that adhere to standards set by a risk management governing body

Skills:

Analytical ThinkingBusiness IntelligenceData ModelingData VisualizationData and Trend AnalysisAttention to DetailCollaborationData ManagementData MiningPresentation SkillsConsultingProblem SolvingRisk ManagementStakeholder ManagementTechnical Documentation

Shift:

1st shift (United States of America)

Hours Per Week: 

40