We are looking for two Quantitative Analysts to join the Global Risk Analytics group at Bank of America. These roles will join the model development team based in Chicago. They will be responsible for working on a number of projects at once, all regarding credit risk and default risk. They are working on a standardized approach for modeling and model support. They will take large sets of sets, explain what the data means and explain it to different groups internally (risk managers, stakeholders, etc.). We are looking for a junior/mid-level candidate who can learn their environment, and grow with the team. This role will be a contract-to-hire position, based on performance.
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Masters degree and above, preferably in quantitative finance, physics, mathematics, a quantitative field, etc.
Solid working experience (2 years +) in a related field (Market Risk, Middle Office, Counterparty Credit Risk).
Broad financial product knowledge equity, credit risk
Experience in data analysis, with excellent research and analytical skills
Experience with VaR models (Value-At-Risk)
Experience/knowledge of FRTB
Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.