Quantitative Operations Associate - Volume Forecaster
Bank of America
Quantitative Operations Associate - Volume Forecaster
Charlotte, North Carolina;Jacksonville, Florida; Plano, Texas; Chandler, Arizona; Chicago, Illinois; Newark, Delaware
**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 developingquantitative/analyticmodels 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/probabilityor 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:**
Global Operations Data Management & Analytics is looking for a motivated individual with strong quantitative skills who can analyze operational activities and data to develop and maintain time-series volume forecasts for capacity planning purposes through the application of statistical models and business intelligence. In addition, the position will assist with efforts to ensure 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. Responsibilities include:
+ Develop and maintain time-series models using advanced algorithm-based forecasting techniques
+ Assist in driving forecast consistency and innovation across the team
+ Routinely partner with the Front-Line Units (FLUs) to generate best in class outcomes
+ Conduct routine model production and performance presentations with executive leadership
+ Help with documentation and other efforts to adhere to Model Risk Management (MRM) guidelines
+ Support ongoing model monitoring to improve forecasting performance and efficiency
Required Skills:
+ Master's degree in Mathematics, Statistics, Applied Economics, Advanced Analytics or other STEM field or equivalent experience
+ 2+ years of experience in quantitative roles supporting complex functions
+ Fundamental understanding and experience with linear regression, time-series, and other statistical modeling techniques, through education and/or professional experience
+ Proficient in MS Office, particularly Excel
+ Experience with SAS, Python, R, or similar statistical software
+ Experience with Tableau or other data visualization
+ Ability to work in team-oriented environment with strong aptitude for problem solving and collaboration
+ Strong communication and interpersonal skills - specifically the ability to communicate complex ideas in a clear and concise manner to key stakeholders
+ Natural curiosity and drive to answer important business questions
Desired Skills:
+ 2+ years of experience as a professional predictive modeling analyst (forecasting, regression analysis, time-series, etc.)
+ Prior Bank of America/Banking industry analytics and modeling experience, specifically with developing predictive models that adhere to standards set by a risk management governing bod
+ Experience with Tableau or other data visualization
+ Data mining experience using SQL
+ Ability to coach others
**Skills:**
+ Analytical Thinking
+ Business Intelligence
+ Data Modeling
+ Data Visualization
+ Data and Trend Analysis
+ Attention to Detail
+ Collaboration
+ Data Management
+ Data Mining
+ Presentation Skills
+ Consulting
+ Problem Solving
+ Risk Management
+ Stakeholder Management
+ Technical Documentation
**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.
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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.
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