Quantitative Finance Analyst - Global Markets Risk Analytics
Company: Disability Solutions
Location: Chicago
Posted on: April 28, 2024
|
|
Job Description:
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. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Overview of Global Risk AnalyticsBank of
America has an opportunity for a Quantitative Finance Analyst
within our Global Risk Analytics (GRA) function. GRA is a sub-line
of business within Global Risk Management (GRM). GRA is responsible
for developing a consistent and coherent set of models and
analytical tools for effective risk and capital measurement,
management and reporting across Bank of America. GRA partners with
the Lines of Business and Enterprise functions to ensure that its
models and analytics address both internal and regulatory
requirements, such as quarterly Enterprise Stress Testing (EST),
the annual Comprehensive Capital Analysis and Review (CCAR), and
the Current Expected Credit Losses (CECL) accounting standard. GRA
models follow an iterative and ongoing development life cycle, as
the bank responds to the changing nature of portfolios, economic
conditions and emerging risks. In addition to model development,
GRA conducts model implementation, data management, model execution
and analysis, forecast administration, and model performance
monitoring. GRA drives innovation, process improvement and
automation across all of these activities. Overview of the
TeamGlobal Markets Risk Analytics (GMRA) is part of Global Risk
Analytics (GRA). It responsible for developing, maintaining, and
monitoring counterparty credit risk and market risk models. GMRA
also develops analytical tools to support regulatory, audit, and
internal risk management needs for Global Markets. This role sits
within VaR Model Performance team (MP), which is responsible for
monitoring and assessing the performance of Value at Risk (VaR),
Risk Not in VaR (RNiV) and other ancillary models used across
Global Markets. The responsibilities include supporting risk
management in understanding the drivers behind material risk metric
movement, the impact of model limitations, and working with the
model development team to enhance model accuracy and the overall
performance of the analytics platform.Overview of the RoleAs a
Quantitative Finance Analyst on the VaR Model Performance team,
your responsibilities will involve:
Keywords: Disability Solutions, Schaumburg , Quantitative Finance Analyst - Global Markets Risk Analytics, Professions , Chicago, Illinois
Click
here to apply!
|