Assistant Vice President; Quantitative Finance Analyst

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Responsibilities

• Develop scalable reporting that can be executed at both summary and granular levels.
• Provide insightful commentary and analysis of reports, including VaR metrics, stress scenarios, and related disclosures.
• Submit a combination of regulatory, capital, and management reports to peers, senior management, and external regulators.
• Format and present large-scale data in an executive-friendly, easy-to-understand manner.
• Govern new reports with strong controls to ensure consistency and accuracy.
• Engage with technology and data partners to ensure proper data is provided through a well-controlled process.
• Analyze and provide commentary on model-driven risk metrics, including Value-at-Risk, stresses, and resolution planning variants.
• Compile and analyze data required to complete Incremental Risk Charge and Comprehensive Risk Measure for corporate capital metrics.
• Design and implement reporting on risk metrics using large scale data analysis.
• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience

• Bachelor's degree or equivalent in Information, Mathematics, Engineering (any), or related: and
• 2 years of experience in the job offered or a related Quantitative occupation.
• Must include 2 years of experience in each of the following:
• Analyzing model driven risk metrics, stress scenarios, and internal risk measures to support management reporting, decision making, and resolution planning variants;
• Compiling, cleansing, and analyzing large scale financial and market datasets to support enterprise risk, utilizing Python and Excel for analytical workflows, reconciliation, and data quality checks;
• Identifying and implementing regulatory and internal risk reporting requirements, incorporating report design, standardized analytical queries, and data visualization of key risk metrics using Excel and Python to support interpretation and integration within existing analytical workflows; and,
• Developing and maintaining reporting controls and governance frameworks to ensure completeness and accuracy, including process design, documentation of activities, and definition of ownership using a RACI based format.

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.

Bank of America N.A.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525)

Pay and benefits information

Pay range

$301,000.00 - $323,700.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.