Vice President; Quantitative Finance Analyst

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!

This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.

Responsibilities:

• Develop inflation tools and analytics.
• Perform end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyze stress scenario results to better understand key drivers.
• Support the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk.
• Work closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.
• Perform statistical analysis on large datasets and interpret results using both qualitative and quantitative approaches.
• Develop new financial models, analytics and tools to support the linear rates derivatives.
• Integrate financial models into Firm systems.
• Tactically support risk and pricing activities on the rates trading desks.
• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience:

• Master's degree or equivalent in Financial Engineering, Statistics, Economics, Finance, or related: and
• 3 years of experience in the job offered or a related Quantitative occupation.
• Must include 3 years of experience in each of the following:
• Utilizing current modeling and data science principals including time-series analysis, and machine learning to develop alpha generating trading strategies;
• Applying advanced statistical techniques to large financial datasets, integrating both quantitative and qualitative insights into fixed income markets;
• Supporting independent model validation and regulation exam activities in accordance with internal policies and alignment with applicable regulatory guidelines, including CCAR/DFAST protocols;
• Developing and evaluating quantitative modelling and analytics projects for pricing and risk managing inflation derivatives;
• Utilizing Python, including asynchronous programming, type hinting, structural pattern matching, and data classes to design, implement, and optimize scalable interest rate modeling frameworks that support real-time risk analytics, scenario simulations, and pricing of portfolio of interest rates and inflation derivatives; and,
• Using Modern C++, with expertise in concepts, ranges, coroutines, smart pointers, STL, and template metaprogramming to develop high-performance, memory-safe quantitative libraries and interest rate model engines that enable efficient calibration, simulation, and pricing of complex interest rates and inflation derivatives.

If interested apply online at or email your resume to [email protected] and reference the job title of the role and requisition number.

EMPLOYER: BofA Securities, Inc.

Shift:

1st shift (United States of America)

Hours Per Week:

40